This past month, the OnPoint Appraisals team had the pleasure of attending the PCAI (Professional Counsel of Appraisers & Industry) meetup at Queen Creek Olive Mill. It was a perfect mix of learning, networking, and enjoying the local flavors. We toured the mill to see how their olive oil is produced and finished with a tasting that showcased fresh oils and locally inspired dishes. Experiences like this remind us how much connection and expertise go hand in hand—something we carry into every appraisal we perform.
Here in Arizona, the summer monsoon season left its mark, with heavy rains, high winds, and flash flooding shaping landscapes and sometimes impacting property values. Seasonal weather changes like these reinforce why accurate, timely appraisals are so important.
Understanding Partition Appraisals
Sometimes property ownership isn’t straightforward. When co-owners—siblings who inherit a home, divorced spouses, or business partners—cannot agree on what to do with a property, a partition action may be filed in court. That’s where a professional appraisal comes in: to establish the property’s fair market value so ownership can be divided fairly.
Who Needs Partition Appraisals?
Divorcing couples who jointly own real estate and need to divide assets.
Heirs of inherited property who cannot agree on whether to sell or retain the property.
Business partners dissolving or restructuring a business that holds real estate.
What’s Involved:
Appraisals are usually ordered by attorneys or the court.
They must be impartial and defensible, since they’re often used in litigation.
Partial interests may need to be valued if one party is “bought out.”
In some cases, multiple appraisals are performed, with the appraiser providing expert testimony.
Partition appraisals require both technical skill and careful documentation. At OnPoint Appraisals, we provide precise, defensible valuations that ensure fairness in any legal or business situation.
As the monsoons give way to Arizona’s early fall, it’s a good time to think about how changing weather and property conditions could affect your real estate assets. Whether you need guidance on a partition appraisal or any other valuation, our team is here to help.