If you are in the position where your civil partnership or marriage is being dissolved, one of the many stresses is working out the fair asset split in the divorce between couples. This can be a daunting task especially if divorce is contentious and each party has its own opinion of the asset value.
The matrimonial home is usually the most important single asset in the family. When the family takes divorce route a house often becomes a key piece during the divorce settlement.
Splitting assets after divorce will depend on whether both parties agree to a fair settlement and not oppose each other wishes.
In any case, in order to work out the fair value of property assets, it is always recommended to obtain a professional matrimonial valuation which is prepared by RICS regulated valuer.
Matrimonial valuation should be completed by an external valuer who has no vested interest in the property and that can accurately assess property value at the required valuation date.
The valuer is usually appointed by both parties solicitor as a single expert representing neither party, so the report is without any conflict of interest.
Why Getting Matrimonial Valuation Is A Good Idea?
Matrimonial valuation is particularly of benefit where multiple assets are owned in the matrimony and these assets require splitting after divorce. Rather than arguing or contesting who gets what. By obtaining an accurate matrimonial valuation, you will get an insight into the value of the family assets.
Valuation report on the property assets will provide you with the clarity you need and leave no room for ambiguity so that property assets could be split appropriately and fairly between the divorcing couple.
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Obtain A Matrimonial Property Valuation
It is important when commissioning the valuation of the property assets to ensure that it is prepared by a professional who is a member of the RICS. It is not recommended to obtain an estimate from estate agents due to their vested interest in pitching for business.
Erikas Grig Chartered Surveyors are professional RICS accredited valuers with experience in preparing matrimonial property valuations that are compliant with Part 35 of Civil Procedure Rules 1998.
Our valuation reports are prepared in accordance with RICS Professional Standards (‘the Red Book’) which sets mandatory rules and specific conditions on how reports should be prepared for.
We prepare matrimonial valuations on the basis of how much the property would fetch on the open market in an arm’s length transaction between a willing buyer and willing seller.
You can be assured that when you appoint us we will approach the valuation with complete impartiality, professionalism and objectivity.
Divorce And Property
We are offering a one-stop solution for parties in the divorce when it comes to valuing the single or large number of property assets.
We have a multi-disciplinary team with experience in valuing residential, retail, office, industrial and specialised use properties. Taking the stress away from you having to obtain several valuation reports from different firms specialising in just one discipline or working in one geographical area.
We have a wide reach in the UK and can access and value property assets spread across different geographical areas.