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4 S A L E B Y D IVO RC E Divorce & Real Estate July 2016
The Value of the Marital Home
DID YOU KNOW A little history for the day… July 4, 1776
July 2, 1776, marks the day the Declaration of Independence was voted in secretly by Congress for independence from Great Britain. The first sign of how this day would be celebrated was on July 3, 1776 from John Adams to his wife, Abigail, stating “pomp and parade, with shows, games, sports, guns, bells, bonfires and illuminations.” In 1826, John Adams and Thomas Jefferson, both signers of the Declaration of Independence, died on July 4—50 years after the adoption. However, July 4th was not the actual day the Declaration of Independence was voted on and signed—It was July 2nd. A copy of the Declaration was provided to the Colony Press on July 4th and it was made public on July 6th.
Phillip H. Lande RE/MAX Legends Group/ Atlas Group Direct: 317.863.2356 plande@atlasrealty.com www.remax-atlasgroup.com
U.S. Housing Price Appreciation Average since 1975
When the decision has been made to sell or to retain the marital home, a new set of questions is derived and the question of current value is always at the top of the list. When selling the home, working with a professional real estate agent can help determine the value or best selling price by providing a CMA (comparative market analysis.) When the decision is made to retain the marital home and refinancing the mortgage into one spouse’s name, an appraisal from the lender’s appraiser is required. What is a CMA and how is it different from an appraisal? A CMA is an estimate of the home’s value done by a real estate professional to establish a listing or offer price when the decision is made to sell the home. This service is always offered free of charge and without obligation. A CMA should be used as a reference for deciding at what price you should list or buy your home for. Continued on next page.