The question the report answers
The appraisal answers what the property is worth for the agreed date and purpose. It does not decide either spouse's legal share, subtract mortgage balances or settle the terms of a buyout.
Other assets, such as business interests or valuable personal property, may need different specialists. Identify the asset and the intended use when looking for an appraiser.
Agree the date and the intended users
A current value and a value for a past date answer different questions. Ask your attorney which date is needed. Before work begins, identify who is engaging the appraiser, who will receive the report and who may rely on it.
How the value is developed
The agreed work may include an interior and exterior visit, property measurements, photographs and a review of condition and improvements. The appraiser analyzes relevant sales and explains the evidence and reasoning in a written report.
Planning for the report
Arrange access and gather useful records about the home. Explain any mediation, hearing or settlement deadline. Ask about testimony or additional support separately so the engagement includes the work actually needed.
