Phyllis Wolper

Start by consulting an attorney, or at least contact a major title company for assistance. Avoid totally relying on a divorce attorney, as I have assisted clients who have had to go back into court long after the divorce to be able to sell the house they received in the divorce. Your zip code places you in North Texas, so don't take the advice of anyone outside of Texas, as the laws vary greatly from state to state. If you are planning to sell the home in the near future, take care of this issue before proceeding. Good luck! - Thu May 8 2008, 16:06

Market price is the price level where the seller has agreed to sell and the buyer has agreed to buy, therefore, why should you not aim for the best deal? But how do you know that the price you are offering is a good deal for that particular home? That takes a Realtor. Before you make an offer on any home in our area, you should have your Realtor prepare a comparative market analysis to see if the home is priced appropriately for its subdivision and what the selling prices have averaged for the same type and quality of home in the past 6 months. You also should employ a Realtor if you are buying new construction, as many times those prices are variable as well. Why? Many of our subdivisions are built by two or more different level of builders, so two homes that look similar may not compare in quality or value. If you are wanting to get the best price, your Realtor will use the CMA to assist you in creating the offer that is best for you in price and terms. If the seller rejects your offer, or counters it in a way that is unacceptable to you, you can terminate the offer and move onto the next property until you are satisfied. The main thing here is that you be represented by a knowledgeable, local Realtor that works on your behalf. Please note that the buyer's Realtor most times is compensated by the commission paid by the seller and is free to the buyer. Some firms charge a fee to the buyer, but most don't. Keep in mind - the seller's have their Realtor looking out for their best interests, you should have a person in your corner as well. - Thu May 8 2008, 15:35