As a successful Bay Area divorce attorney, you’d never violate the State Bar’s Rules of Professional Conduct by trying to represent both spouses during a divorce case. It’s a decision you simply wouldn’t make. Real estate agents, however, abide by a slightly different set of rules. … More Advocating For Your Divorcing Client: Can The CDRE Represent Opposing Counsel’s Client Too?
Property values can vary widely, especially in the Bay Area. To appraise your divorcing client’s home accurately, it’s helpful to know the difference between an appraisal, a CMA, and Zillow’s Zestimate value tool.
Clients often ask for a Fair Market Valuation to establish their property’s value and calculate the equity they’ve built in their homes. They don’t seem to realize that fair market value is only part of the picture. Without considering several additional key metrics, a miscalculation of true equity is almost guaranteed.
Your client’s final divorce decree does not completely close the books on the disposition of his or her real property. To finalize the sale or transfer of property, you must follow through with an official recording of legal ownership by filing a Quitclaim Deed. Neglecting this final step can cause significant problems for your client … More Don’t Forget the Quitclaim
In 2018, the market saw interest rates rise by 3/4 to 1% on traditional, conventional, fixed-rate mortgages. This doesn’t seem like much at first glance, but this small difference can critically impact a divorcing client’s debt-to-income ratio and, ultimately, determine whether or not they’ll be able to keep their home.
An “as is” clause stipulating that a property will be sold without repairs can, in some cases, create problems during the sale of a house.