Listing Price and Court Orders
By Susan Jacobs CDRE, Gainesville,VA Certified Divorce RealEstate Expert
Divorcing couples with a house to sell could loose valuable dollars by putting a listed price in the court order. The real estate market is constanly changing. One minute prices are going up the next they are going down. Using an appraisal or CMA from a month or so ago that values the house at say $500,000 could be out of date today when you had 3 homes in the neighborhood that sold for between $525,000-$550,000. If you happen to be in a declining market and homes are now selling for less than $500,000 you become that over priced listing that just sits there with out showings. Worse yet you get the bottom feeders who then low ball it. Fixed prices in court orders can not keep up with the market at that given time. Other things that can effect price is condition. Are there pet roaming ...