Divorce is never easy, and one of the most challenging aspects is agreeing on the division of finances, assets, and property. Delays in finalising a divorce often stem from disagreements over how these assets should be split. However, if separating couples can approach the process amicably and act swiftly, it can significantly reduce the time and stress involved.
One key element in ensuring a smoother and faster divorce process is obtaining a matrimonial valuation — a professional assessment of the value of the couple’s shared property. This valuation is critical for a fair and equitable division of assets and can help avoid prolonged disputes.
Why Matrimonial Valuations Are Important
A matrimonial valuation is an impartial assessment of the value of properties owned by a divorcing couple. This valuation forms the foundation for dividing real estate assets, which often include the family home, investment properties, and other valuable real estate holdings.
Without a reliable valuation, couples may find themselves in prolonged disputes, with each party having different perceptions of the property’s worth. An expert valuer, typically accredited by the Royal Institution of Chartered Surveyors (RICS), conducts the valuation to ensure accuracy and fairness, which is vital in avoiding unnecessary delays in the divorce proceedings.
The Process of Obtaining a Matrimonial Valuation
Obtaining a matrimonial valuation involves several steps designed to ensure an accurate and impartial assessment:
- Instruction: The process begins when the couple or their legal representatives instruct an independent expert valuer. Independence and impartiality are crucial since the valuation may be used in court.
- Inspection: The valuer visits the property to conduct a thorough inspection, assessing its condition, size, location, and any unique features that might influence its value.
- Market Analysis: The valuer analyses current market conditions and comparable property sales in the area to determine the property’s fair market value.
- Report Preparation: After completing the inspection and analysis, the valuer prepares a detailed report outlining the valuation method, findings from the inspection, and the final valuation figure.
- Submission: Finally, the valuation report is submitted to the instructing party or court, serving as a crucial piece of evidence in the divorce proceedings.
How BB&J Commercial Can Help
At BB&J Commercial, we understand that matrimonial valuations require not only expertise but also sensitivity and impartiality. Our team is well-equipped to handle these situations with the professionalism and discretion they demand.
Mark Richardson, Partner at BB&J Commercial, is an RICS Accredited Expert with extensive experience in matrimonial valuations. Mark has also been awarded the Advanced Professional Award in Expert Witness Evidence and is a member of the Academy of Experts based in London.
With over two decades of experience working across the East Midlands, Mark has developed a deep understanding of the local property market, making him an invaluable resource for anyone needing a matrimonial valuation. Whether you require an independent expert or a Court-appointed single joint expert, Mark can provide the thorough and reliable valuation you need.
In addition to matrimonial valuations, BB&J Commercial offers a range of expert witness services, including reports and advice on property-related issues such as professional negligence, litigation, inheritance tax, and property defects.
For more information or to discuss your specific needs, please contact Mark Richardson at:
Email: m.richardson@bbandj.co.uk
Phone: 01332 292825
Navigating divorce is challenging, but with the right professional support, you can expedite the process and reach a fair resolution. Trust BB&J Commercial to provide the expert advice and valuations you need to ensure an equitable division of assets.
