We are separated and heading for divorce. I would like to pay my exhusband out and stay in the matrimonial home with the kids. We had 3 appraisals done and all three have a difference of 60000-70000CAD. The house is over 100 years old and needs a lot of repairs. What else could we do to determine a final value?
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Yes, I already contacted his appraisor and talked to him. The companies actually used 2 of the same comparible properties from the MLS, but with total different values. Also did his appraisor not consider serious urgent repairs to be done at the house. I guess I will take your advice and we will go on appraising. Another question, these were direct comparison approach, does it make sense to make do an cost approach for the next ones? Also we have an investment property.. same problem here. Is it reasonable to have an income approach done here?
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