I'm only catching the tail end of this conversation, but the appraisal doesnt mean squat. It is only used by the mortgage company to determine how much they are willing to lend on the property.
If you want to find what your property is worth, get a licensed realtor in your area to do a CMA (comparitive market analysis) on your property. If they're good, they will tell you what properties have sold for near you in the last 6 months, 12 months and probably what properties near you are currently selling for. Real estate is like the stock market. You can have the best property on the market worth millions, but if you don't have a ready and willing buyer, then you don't have squat. Same thing in reverse. You can have all the money in the world, but if you don't have a ready and willing seller, then you don't have squat either. Virgil Bierschwale http://www.bierschwale.com From: MB Software Solutions General Account <[EMAIL PROTECTED]> Date: 2007/03/07 Wed AM 10:11:53 CST To: ProFox Email List <[email protected]> Subject: Re: [OT] House equity versus it being sold (in divorce) Kenneth Kixmoeller wrote: > Michael - - ---- - - > > It shouldn't make much difference whether you sell the house or not: > take your 50% of the house equity and move on. Get the appraisal > close to when the divorce is actually *effective* unless you want to > play the housing market up/down game. The only way to get a real > house valuation is to sell it. Appraisals are only best guesses. You > throws the dice takes your chances. > > One thing that does make a difference is the appraiser: I made buddy- > buddy with the appraiser. I don't remember whether I told her it was > a divorce situation or (more likely) something else, but I let it be > known that I would appreciate a conservative valuation. I was staying > in the house, so this minimized what I owed to my soon-to-be ex. She > came through like a champ, and gave me a nice, low number. > > I'd be PC and say that I'm not proud of having done this, but that > would be a lie. It was the only get-back I had to a philandering > spouse, and I'd do it again in a heartbeat. Don't let it happen to > you, though. > Right. Her mom is buddy-buddy with a local appraiser, and I told my wife that I will want someone else to do the appraising. [excessive quoting removed by server] _______________________________________________ Post Messages to: [email protected] Subscription Maintenance: http://leafe.com/mailman/listinfo/profox OT-free version of this list: http://leafe.com/mailman/listinfo/profoxtech ** All postings, unless explicitly stated otherwise, are the opinions of the author, and do not constitute legal or medical advice. This statement is added to the messages for those lawyers who are too stupid to see the obvious.
