Real Market Boom – Is It Real and Sustainable?
Real estate is a hot commodity. The boom in real estate has invited millionaires to enter into the industry and skyrocketed demand for real estate property has contributed to its expansion at a rate beyond the wildest expectations of even the most experienced and far-sighted developers. Both residential and commercial real estate properties are witnessing investment blooming across the spectrum of housing and rental markets.
There exists a big gap between demand and supply and that is causing a spike in the price. According to experts, the boom is likely to sustain for years. In other words, real estate is a prospective investment and will increase in value in years to come. If you are a real estate proprietor and heading to divorce, you should consult a local real estate investor divorce lawyer to protect your asset.
Real Estate Investment and Divorce – How They Can Influence Each Other
Every state in the US has laws for asset division if your marriage has no prenuptial agreement. In this context, property can be defined and discussed from two perspectives – Separate and Marital. As martial property distribution is integral to divorce cases, therefore, you need to have full knowledge of: What is martial property?
In a layman’s term, marital property constitutes any property that you acquire during your marriage. It also includes the value accrued on a part of real estate developed during the divorce procedure.
Divorce cases involving real estate investments are extremely complicated and require prolonged periods of appraisal and discovery. That is why, legal guideline and representation is extremely important to protect your real estate assets during divorce procedure.
Real Estate Division in Divorce
Appraising real estate is the first step towards real estate distribution. Contrary to other high assets, real estate easily lends itself to the process of appraisal. The value of any real estate is calculated only up to the date of your separation.
The spouse being at the helm of controlling real estate is entitled to own interest whereas the other party has his or her share in the business or value of the property up to the date of their separation. The amount of equity accruing to real estate property is also considered marital property.
How to Safeguard Your Real Estate Property during Divorce
Given that prenuptial agreement has some obvious outcomes, it is important for you to know and sift through your options carefully. There are several ways to retain your real estate investments, but you have to part your way with, at least, the built-up equities in form of money.
If you are a real estate owner and developer, the key is to hold on to the real estate asset. You are not aware of how much its sale will bring and therefore, any premature sale could cost you heavy loss. In that situation, you might be interested in purchasing some of your spouse’s equities on the real estate if not enough offers are in place to offset marital assets.