Divorce is a painful process in which there are many decisions to be made including ‘who’s staying’ and ‘who’s going’ when determining what happens to the house. Often times the home is put up for sale in which the profits are split or otherwise one of the parties typically buys out the other.

In either case, one or both parties should hire the services of a professional real estate appraiser to estimate the fair market value of the home. An appraisal for asset division should include a well-supported, professional report that’s defensible in court.