Interspousal Transfer

Due to the increasing number of home sold following divorce situations, Hawkeye Companies of Stow, MA has developed a new website, www.igetthehouse.com .

According Hawkeye, often goes home to the husband that ends with childcare. In fact, courts almost always give special attention to the parent receiving the children: Keeping children, keep house. However, the spouse keeping the house can not be getting the end of the fair divorce settlement.

Few homeowners understand that the true value of the house, even if the marital home is generally 60% of the net worth of a family. In addition, the Commonwealth of Massachusetts has no guidelines prescribed by the state for real property divorce. Often when the family home is not sold (transfer between spouses, for example), the property appraisal is not accurate. In most divorce cases, spouses and / or an appraiser to determine what the house is worth, and he who renounces the property is generally given credit for it somehow, or his half of the capital they have in home. So, if an appraiser says the house is worth $ 600,000 and the owners are $ 400,000, the spouse moving out of the house leaves his / her application for participation in the capital of 100,000 dollars, perhaps $ 100,000 in shares and bonds .

If a third party evaluate the home, it is usually assessed by a professional who knows little about assessing the actual condition of the house. Usually, the owners, too, have insufficient knowledge of true value of a house. For this reason, an inspection by a certified inspector is highly recommended. An inspector can assess the structure and systems of the house to determine its true condition. Once the owners have a detailed report on the defects of a house, they can better carry out the divorce settlement. Both a home inspection and at least a title search should take place before the settlement agreement.

Please visit www.igetthehouse.com for more information on the defects of the common home and home inspections.