Property value

calicocalgirl · 08-21-2008, 09:55 AM

Most of you know I am filing for a divorce. I am trying to do my homework so I dont have to pay the lawyer to do anymore than necessary. I really have no clue what our property is worth. I pretty much consider it his house and dont really care, but now I need to get a clue about the increase in value in the house/property and in the 2 camps that he partly owns. How do I find that out without costing me a bunch and without him finding out?

Is there anyway to find out what he has in his 401? I am snooping but he keeps some of that stuff locked up so I cant get to it.

calicocalgirl · 08-21-2008, 09:59 AM

I am asking for a settlement (an amount that I dont think is near enough for the crap I went thru with him!! but I want done)and I am not taking much from the house or property. But I want to know everything I can incase it comes down to fighting for stuff.

Hideaway · 08-21-2008, 10:11 AM

Best thing to do is to speak with a real estate agent and give them the property information (what you know) and have them give you an estimate. I'm sure one of them would be willing to help.

As far as the 401k your stuck and going to have to keep digging. Most financial institutions will not give you access to his personal info and may tip him off.

nrhareiner · 08-21-2008, 12:40 PM

You do need to get with a LOCAL realitor as property in not only differn parts of the country are differnt but also differnt areas with in your local area.

Then what up grades have been done to the house and are they the norm for your area or not. There is quite a bit that gose into pricing a home and what they where worth just a year or 2 ago is not what they will be worth today unfortunitly.

Heidi

pippy · 08-21-2008, 01:01 PM

In Mn, you can go to any county seat and find out how much any given property is worth, it is public info- so if your state is like mine, you want to see what the actual value is rated right now as far as Estimated market value, you can find that out w/out him.
But, that in mind, actual resale value is usually higher then what the EMV is that the taxes are based on. So, you'd want to talk to a realtor.
Also- not sure in your state does it like mine, but, in my divorce, both he and I had to provide to the lawyer physical official documents proving values, saving/ checking accounts, 401's and etc and debt. The lawyers then add it up and go 50/50 on it. So, the only other option outside of that settlement would of been if I wanted more then 50% I'd of had to ask, and try to convince the judge why I deserve more then him.. but by law, it's 50% split on debt and assets. If your state is no fault and like mine, what you determine as fair may be thrown out the window..just thought I'd mention it incase it may help in planning things.

calicocalgirl · 08-21-2008, 01:09 PM

Quote:

Originally Posted by pippy

In Mn, you can go to any county seat and find out how much any given property is worth, it is public info- so if your state is like mine, you want to see what the actual value is rated right now as far as Estimated market value, you can find that out w/out him.
But, that in mind, actual resale value is usually higher then what the EMV is that the taxes are based on. So, you'd want to talk to a realtor.
Also- not sure in your state does it like mine, but, in my divorce, both he and I had to provide to the lawyer physical official documents proving values, saving/ checking accounts, 401's and etc and debt. The lawyers then add it up and go 50/50 on it. So, the only other option outside of that settlement would of been if I wanted more then 50% I'd of had to ask, and try to convince the judge why I deserve more then him.. but by law, it's 50% split on debt and assets. If your state is no fault and like mine, what you determine as fair may be thrown out the window..just thought I'd mention it incase it may help in planning things.

It is no fault. I went over with the lawyer a rough estimate of what I felt value of both ours. She felt $30,000 would be a more than fair settlement. If he pushes it and wont sign, I could get more. Dont want more, just want out.

Sunlei · 08-21-2008, 01:27 PM

Every year taxes are paid on property, land and house. The fair value of the property is public record. It can be found on your countys tax website. You input the address and /or name and the value is listed along with the tax records.

In most states the community property is half to each. It doesn't matter what he wants to give up, the Judge will award half to each and require a sale if needed. You could also go... the camps to you and the house to him

If his ss payments were higher than yours, at any time in the future when you take your ss..yours is based on his amount of ss tax paid he paid if it was higher than what you paid. (thats as long as you remain single)

The 401k is usually community property, so your lawyer will have to help you with that.

Get your half, you earned it

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08-21-2008, 09:55 AM
calicocalgirl Greenbroke Member Join Date: Aug 2005 Location: Belleville, Pa Posts: 3,034	Property value Most of you know I am filing for a divorce. I am trying to do my homework so I dont have to pay the lawyer to do anymore than necessary. I really have no clue what our property is worth. I pretty much consider it his house and dont really care, but now I need to get a clue about the increase in value in the house/property and in the 2 camps that he partly owns. How do I find that out without costing me a bunch and without him finding out? Is there anyway to find out what he has in his 401? I am snooping but he keeps some of that stuff locked up so I cant get to it.

08-21-2008, 09:59 AM
calicocalgirl Greenbroke Member Join Date: Aug 2005 Location: Belleville, Pa Posts: 3,034	I am asking for a settlement (an amount that I dont think is near enough for the crap I went thru with him!! but I want done)and I am not taking much from the house or property. But I want to know everything I can incase it comes down to fighting for stuff.

08-21-2008, 10:11 AM
Hideaway Coming two Join Date: Aug 2006 Location: PA Posts: 1,935	Best thing to do is to speak with a real estate agent and give them the property information (what you know) and have them give you an estimate. I'm sure one of them would be willing to help. As far as the 401k your stuck and going to have to keep digging. Most financial institutions will not give you access to his personal info and may tip him off. __________________ Well Behaved Women Rarely Make History

08-21-2008, 12:40 PM
nrhareiner Yearling Member Join Date: Dec 2006 Location: Ohio Posts: 727	You do need to get with a LOCAL realitor as property in not only differn parts of the country are differnt but also differnt areas with in your local area. Then what up grades have been done to the house and are they the norm for your area or not. There is quite a bit that gose into pricing a home and what they where worth just a year or 2 ago is not what they will be worth today unfortunitly. Heidi __________________ Double Eagle Photography www.doubleeagleph.com Definision of Gun Control: Hiting what you aim at.

08-21-2008, 01:01 PM
pippy Long Yearling Join Date: Dec 2005 Location: minnesota Posts: 1,055	In Mn, you can go to any county seat and find out how much any given property is worth, it is public info- so if your state is like mine, you want to see what the actual value is rated right now as far as Estimated market value, you can find that out w/out him. But, that in mind, actual resale value is usually higher then what the EMV is that the taxes are based on. So, you'd want to talk to a realtor. Also- not sure in your state does it like mine, but, in my divorce, both he and I had to provide to the lawyer physical official documents proving values, saving/ checking accounts, 401's and etc and debt. The lawyers then add it up and go 50/50 on it. So, the only other option outside of that settlement would of been if I wanted more then 50% I'd of had to ask, and try to convince the judge why I deserve more then him.. but by law, it's 50% split on debt and assets. If your state is no fault and like mine, what you determine as fair may be thrown out the window..just thought I'd mention it incase it may help in planning things. __________________ Put your heart, mind, intellect, and soul even to your smallest acts. This is the secret of success.\" â€“ Swami Sivananda Saraswati

08-21-2008, 01:27 PM
Sunlei Yearling Member Join Date: Mar 2008 Location: Texas Posts: 950	Every year taxes are paid on property, land and house. The fair value of the property is public record. It can be found on your countys tax website. You input the address and /or name and the value is listed along with the tax records. In most states the community property is half to each. It doesn't matter what he wants to give up, the Judge will award half to each and require a sale if needed. You could also go... the camps to you and the house to him If his ss payments were higher than yours, at any time in the future when you take your ss..yours is based on his amount of ss tax paid he paid if it was higher than what you paid. (thats as long as you remain single) The 401k is usually community property, so your lawyer will have to help you with that. Get your half, you earned it