One of the main issues that often comes up in a divorce, is determining an accurate value of the home. Sometimes spouses can agree on the value or are willing to accept a prior appraisal, but when the value is at issue, then it is important to consider getting a professional appraisal of the residence.
Depending on the intended purpose, there are multiple types of appraisals you can obtain.

Divorce Appraisal
A divorce appraisal is done to determine the fair market value of the residence. This is needed to ensure equity of asset division in a divorce. It is not done, however, for lending or financing purposes. Also, the appraisal can be retrospective based on a date agreed upon, such as the date of filing, separation, or the current date.
Comparative Market Analysis
A Comparative Market Analysis (CMA) is completed by a licensed real estate professional who determines a value based on what they estimate the home will sell for in the current market. If you are planning to sell the home as part of your settlement agreement, then a CMA might be a good choice.
Traditional Mortgage Appraisal
A traditional mortgage appraisal is completed by a licensed residential appraiser. They evaluate and base their opinion of the home’s value on the recent data for comparable homes sold. If you are wanting to refinance, then you would want a traditional mortgage appraisal.
It is important to note that if you get a mortgage appraisal during the divorce settlement process, you will still need to get a new mortgage appraisal later. This is because a mortgage lender is only permitted to use an appraisal ordered directly by the mortgage company during the actual mortgage process.
Another factor to consider
The determination of which method is best suited for your case should also be based on whether it is an amicable or contentious divorce. If you are unsure, it is best to consult with an attorney to determine the best appraisal option for your case.
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