In a dynamic market, assessing property value can pose challenges. When appraisals differ, and parties struggle to agree on a valuation for property division, a viable approach is to consider listing the property for sale. This method allows the determination of value based on what a ready, willing, and able buyer would pay in the current market conditions.
Contingent on the offers generated by the listing, a party may opt to exercise the right of first refusal, purchasing the other party's share based on the highest offer received. In the determination of fair market value, aligning with what a ready, willing, and able buyer would pay, this approach offers an equitable solution to the challenges associated with establishing fair market value.
As a licensed real estate agent in California with over 19 years of experience and a designation as a Certified Divorce Real Estate Expert (CDRE), my role is to assist couples and their divorce teams, including mediators, attorneys, and financial analysts, in safeguarding the equity in the marital home.
Being a CDRE means I’m also specially trained to offer real estate guidance and support to the courts when they need expert testimony or documentation to support and educate for the cases at hand.
Call me if you’re going through a divorce or you’re representing someone going through a divorce. I’ll be happy to offer guidance or even take the real estate aspect of the case off your plate.