Divorce is never easy, and dividing property can be one of the most complex parts of the process. If you own a home or investment property in the Chicagoland area, you’ll likely need a professional appraisal to determine fair market value. Here’s what you need to know to prepare for a divorce appraisal and ensure a smooth experience.
1. Understand the Role of an Appraisal in Divorce
Under Illinois law, marital property must be divided equitably during divorce proceedings. An accurate appraisal ensures both parties have a clear picture of what the real estate is worth so negotiations (or court decisions) are based on facts. Whether you’re keeping the home, selling it, or buying out your spouse, a certified appraisal is a critical step.
2. Choose a Neutral, Certified Appraiser
A neutral, certified appraiser ensures both parties receive an unbiased report—something emphasized in professional divorce valuation standards by organizations like the AAML. The court may request that a neutral third-party appraiser be used. At Real Valuation Services, our certified residential and commercial appraisers are experienced in handling divorce cases with sensitivity and professionalism. We serve Cook, DuPage, Lake, Will, McHenry, and Kane counties—and we’re familiar with how local courts handle property valuations in divorce.
3. Gather Key Documents Before the Inspection
To help your appraiser provide the most accurate valuation, have these documents ready:
- Deed or property title
- Recent tax assessments
- Mortgage statements or home equity loans
- Records of major home improvements
- Prior appraisals (if applicable)
These documents help establish the history and condition of the property, which are essential for a proper valuation.
4. Get the Property Ready for Inspection
Appraisers assess your home based on its condition, features, and how it compares to other properties in your neighborhood. To make sure your home shows its best:
- Clean and declutter living spaces
- Complete minor repairs (leaky faucets, cracked windows)
- Provide access to all areas, including basements, garages, and attics
- Note any upgrades or improvements (e.g., new roof, kitchen remodel)
You don’t need to stage the home for sale, but presenting it in good shape helps support a higher valuation.
5. Be Transparent About the Divorce Context
Let your appraiser know this is for a divorce case. Divorce appraisals are often submitted during mediation or hearings. The Illinois Courts recommend that all documentation presented to the court follow proper legal format and include supporting evidence. Appraisals for legal purposes often require additional detail, and we’re equipped to provide the appropriate format for your legal team or mediator.
6. What Happens After the Appraisal
As noted by the Appraisal Institute, reports used in legal settings often require additional narrative and supporting documentation to meet court standards. Once the appraiser has completed the inspection and market analysis, a full report is typically delivered within 5–7 business days. The report includes:
- A detailed description of the property
- Comparable sales in the area
- Market trends
- Final estimated value
This report can be submitted to attorneys, mediators, or the court as needed. For federal tax considerations regarding property transfer after divorce, refer to IRS Topic 421.
Conclusion:
Going through a divorce is hard enough—getting a reliable property appraisal shouldn’t be. Real Valuation Services is here to help Chicagoland families get the clarity they need to move forward. With over 30 years of experience and more than 250,000 appraisals completed, we deliver timely, court-ready appraisals you can trust. 📞 Ready to schedule your divorce appraisal? Order online or call 312-270-0500 to get started.