Couples in California who are getting a divorce and who own a home will have to decide how they should handle the home in the divorce. For divorcing spouses who want to purchase the home, there are some factors they should consider first.
It is important to know how much equity is in the home, or the net value amount of the home minus any encumbrances or liens. Typical valuation methods can include getting an appraisal conducted by a professional appraiser, obtaining a broker price opinion, having a comparative market analysis completed or using a property tax assessment. Once an accurate value has been obtained, mortgage balances, equity lines of credit and any other types of liens should be subtracted from that value.