Divorce is a challenging chapter in life, marked by emotional upheaval and significant changes. One crucial aspect often overlooked in the midst of these changes is the need to sell the marital home. It's a complex process that requires careful consideration and often involves various professionals to ensure a smooth transition. In this blog post, we'll explore the options available when selling your marital home after a divorce, bringing in perspectives from a Certified Divorce Lending Professional (CDLP), a financial planner, a divorce attorney, and myself as a realtor specializing in divorce scenarios.
Appraisal: An appraisal is a professional assessment of a property's value conducted by a certified appraiser. Appraisers use a systematic approach to evaluate various factors that contribute to a property's value. These factors typically include the property's size, location, condition, features, recent comparable sales in the area, and market trends. Appraisers follow established guidelines and methodologies to arrive at an unbiased and well-supported value estimate.
Realtor's Comparative Market Analysis (CMA): A Realtor uses a Comparative Market Analysis (CMA) to estimate a property's value. A CMA involves evaluating recent sales of similar properties in the local market. Realtors consider properties that are similar in terms of size, location, condition, and features to the subject property. By comparing recent sales prices of these comparable properties, a Realtor can arrive at an estimated value for the subject property. Selling a home without the guidance of a Certified Divorce Real Estate expert can lead to various challenges and complications. One of the major issues is the difficulty in objectively assessing the true value of the property. Emotions running high during a divorce can cloud judgment, resulting in either underpricing the house and incurring a financial loss or overpricing it and deterring potential buyers
Are you feeling like your life is in utter chaos?Are you considering divorce and wondering what the process will be like? While the deterioration of a marriage is heavy for a variety of reasons, understanding what options are available and the order of events that follow can help lighten some of that weight. Sometimes a bit of predictability can bring a sense of comfort. |
AuthorI'm passionate about handling real property issues in family law (divorce) cases. I love and enjoy helping people. CATEGORIES
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