Disagreement on the sale price in case of divorce
Table of contents
When a divorce occurs, the division of real estate is often one of the most complex and delicate steps in the process. At the heart of this division is the determination of the sale price of a property held jointly by the spouses. Unfortunately, it is not uncommon for ex-spouses to be unable to agree on the value of their property, leading to further disagreements and complications in the divorce process.
The need for estimation during divorce
When, in a divorce, the liquidation of the joint assets involves the sale of the property acquired, it is mandatory to carry out the valuation of the property. As a result, the liquidation procedure for the property is carried out in complete neutrality.
When considering divorce, it is therefore essential to start with the valuation of the property. This estimate, in order to be admissible, can only be carried out by a professional, a notary, a real estate expert or a real estate agent.
In the case of an amicable divorce, where the spouses are supposed to agree on absolutely all the parameters to be considered amicable, the divorce can turn into a contentious procedure, and therefore longer, if the spouses do not agree on the sale price.
The auction of the property by the judge
It is a real necessity for the spouses to find an agreement on the sale price of the property. In one sense, litigation slows down the sale and on the other block the respective projects of each spouse. If necessary, the judge will be obliged to put the property up for sale by forced auction.
According to Article1377 of the Code of Civil Procedure, "the court shall, under the conditions it determines, order the sale by auction of property which cannot be easily divided or allocated."
The judge will therefore force the sale if no amicable solution is found between the lawyers and discussions as to the sale price that may suit the spouses.
Agree on the selling price
In case of persistent disagreement, the judge will decide, however, he will not force the sale and will not force the latter to a particular price. The spouses are therefore the only ones with the power at the beginning of the divorce to agree on the price of housing. This is why using the services of a real estate expert to obtain an accurate and fair expertise is an option.
Notaries and real estate experts who know perfectly the market and the criteria specific to each property influencing the selling prices. In order not to leave the property on the market months on sale and to cause the disinterest of potential buyers or that a disagreement on the price is always present after the divorce, it is important to consider the opinion of professionals.
- In the event of a divorce, one of the priority steps is the liquidation of the joint property, where the sale of the dwelling acquired under the community may be an option.
- However, when agreeing on the amount of the sale, disputes may arise. In this specific case it is recommended to use the services of a professional in order to avoid that the judge pronounces an auction.
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Posted on 20/10/2021 by
Andy LECUYER
