In a divorce, you should be aware that your house’s equity is a marital asset, so your ex is entitled to a portion of this value. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and we know that courts in community property states treat all assets as if both spouses own them equally and divides equity 50-50. In equitable distribution states, the court takes into account factors such as each spouse’s current earnings, needs, contribution to the acquisition, and so on, dividing equity so that one spouse has a higher percentage than the other. Check out below to see what sold in Dunbarton Pines in April 2020:
45176 Dunbarton Drive, Novi: 4 bedrooms, 2.1 bathrooms, 2,756 sq. feet, 2 car garage, Sold Price: $350,000
Dunbarton Pines Home Sold
April 2020
45155 Courtview Trail, Novi: 4 bedrooms, 2.1 bathrooms, 2,415 sq. feet, 2 car garage, Sold Price: $405,000
Dunbarton Pines Home Sold
April 2020
To ensure that your ex gets the portion of equity entitled by law, you’ll either have to refinance enough to cover that amount, or offset your ex’s portion by giving up your claim on other marital assets of equal value. This might mean reducing your portion of a retirement account or negotiating less alimony. For more information on Dunbarton Pines, or similar Northville or Novi neighborhoods such as Maple Hill, Turtle Creek and Royal Crown, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.