Divorce & Can’t Agree on Home Appraisal

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Jul 12, 2023

Divorce & Can’t Agree on Home Appraisal

What If You Disagree on An Appraisal?

Property division is a crucial aspect of the divorce process in New Jersey, as in many other jurisdictions. When a divorcing couple cannot agree on the appraisal of their home, it can complicate the proceedings and prolong the resolution of their divorce.

Let’s delve into what happens when a divorcing couple in New Jersey cannot agree on their home’s appraisal.

Divorce and Home Appraisal

During a divorce, the division of assets, including the marital home, is typically determined based on the principle of equitable distribution. This means that the court aims to divide the couple’s property fairly, considering various factors such as the duration of the marriage, each spouse’s financial circumstances, and contributions to the acquisition and maintenance of the property.

A professional appraisal is usually sought to determine the value of the home. However, if the divorcing couple cannot agree on the appraised value, they may take several routes to resolve the dispute.

Negotiation

Firstly, the couple may attempt to negotiate a compromise outside of court. They can hire separate appraisers and compare their findings to identify any discrepancies. If there is a significant difference in the appraisals, they may seek the opinion of a neutral third-party appraiser to provide an unbiased assessment.

Mediation

Alternatively, the couple may pursue mediation or collaborative divorce, working with a neutral mediator or a team of professionals, including appraisers and attorneys, to reach a mutually acceptable resolution.

These processes encourage open communication and cooperation, allowing the couple to find a middle ground considering both perspectives.

Going To Court

The court may need to intervene if negotiation and alternative dispute resolution methods fail to produce an agreement. In New Jersey, the court can order an independent appraisal of the home to determine its value. The judge may appoint a court-appointed appraiser or rely on the opinions of both parties’ appraisers to assess the property’s worth.

It is important to note that the court-appointed appraiser’s fees are generally split between the divorcing couple or assigned to one spouse, depending on the case’s specific circumstances. The appraiser will thoroughly analyze the property, considering factors such as its location, condition, size, and comparable sales in the area.

Once the court has obtained the home appraisal report, it will use this information and other relevant factors to decide the division of the marital home. The judge’s ruling may not necessarily align with either party’s desired outcome as the court strives to achieve a fair and equitable distribution of assets.

Still in Disagreement On The Home Appraisal?

In some cases, if the divorcing couple still disagrees with the court’s decision, they may have the option to appeal the ruling. However, appeals are generally granted only when significant legal errors or substantial evidence of unfairness exist.

When a divorcing couple in New Jersey cannot agree on the appraisal of their home, it can complicate the property division process. Therefore, divorcing couples need to understand the options available and seek legal guidance to navigate this challenging aspect of divorce.

To learn more about divorce and home appraisal, contact Dalena & Bosch. We can help you navigate the entire process to get your desired outcome.

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Michael Mastrogiacomo - March 2020
If you’ve been searching for an honest and empathetic attorney...someone you can trust while you navigate the difficult and emotional world of family law, then do yourself a favor and contact Beth Dalena & Jessica Bosch. You’ll be so glad you did.
Par 5 Consulting - March 2020
When you are in the painful and often frightening process of divorce, the women of this law firm bring you confidence and security with their knowledge and professionalism. They exhibit that rare combination of the willingness to hold your hand like a compassionate friend and defend you like a piranha in the courtroom when necessary. They exhibit dedication, and the grace and wisdom of their long term experience. They look…
Cindy Morhouse - February 2020
These ladies have helped me several times in my experience with them. Jessica was my divorce attorney and I can say without hesitation, she was professionally and personally a gift to me. She handled my case (adversarial at best) with grace and knowledge. A fighter when necessary. She handled me in my personal state as a friend. Compassionate and kind. Beth assisted me with rewriting my deed after my divorce…
Scarlett O - January 2020
I chose Jessica A. Bosch to represent me because she was compassionate and knowledgeable. My divorce was a long and difficult journey. During this time, I lost sight of what was really important. Jessica kept me grounded and focused on what would be best for me after the divorce. I am grateful for her help in protecting two very important financial things that I might have given up. I didn't…
Cynthia R - December 2019