How to Prepare for a Home Appraisal
Latrice Knighton is an award-winning divorce attorney, life coach, and speaker. She solves problems using her experience and legal knowledge to offer practical advice.
Every one going through a divorce wants their home to fall into one of two categories: above the fair market rate or below the fair market rate.
Whether you want your house to appraise above or below the fair market rate depends on whether you are keeping the home or being bought out of the home.
If you want to keep the home and buy your spouse out of the equity — you want the appraised value to be lower so that there is less equity.
If you want your spouse to keep the home and you be bought out of the equity – you want the appraised value to be higher so you get more money from the equity.
Many individuals going through a divorce must get their home appraised. And choosing a home appraiser becomes scary. You don't know what to expect and what exactly the home appraiser will do while in your home.
In this episode, you’ll get advice and tips from Rick Vozar of Vozar Appraisal Services Inc. to help prepare for a home appraisal.
What’s more, this same advice and tips are important to know if you are considering refinancing a home or getting it valued for a will or trust. Write them down now and save your future self untold amounts of worry, confusion and time.
When it comes to getting your home appraised — did you consider making improvements to the home prior to the appraisal? What helped you decide?
Leave a comment below and let me know. Remember to share as much detail as you’d like in your reply.
You get to choose the path your life takes. My hope is that today’s show and every show will help you make choices that are aligned with your personal values and goals.
As always, thanks for reading, watching and adding your voice. You matter. Your voice matters.
References: Vozar Appraisal Services Inc.