In many cases of divorce, both parties often have problems resolving equity problems especially when large assets, like a house or land, are involved. Usually, both parties are too preoccupied that many property investments are often neglected even during the beginning of the conflict. While many parties involved often expect that the equity would always be divided with ease due to the speculated buildup of capital appreciation or increase in all asset prices, it’s not always the case.
The problem here is that most people don’t see real estate as the major asset that it is. During a conflict, like a divorce, it’s always a good idea to appraise all major assets, especially real estate, in order to identify the exact value to be liquidated or divided during the beginning. Sad to say, people faced with the problems of separation might not have enough time to tackle this particular problem. In this case, it would always be a wise decision to ask help from a professional.
While many would agree that the services of an attorney or a lawyer would, most of the time, warrant a smooth and more organized process, it isn’t always the case that all of us would be willing to sacrifice the money and the time involved in the entire procedure.
For people who don’t have the luxury of money and time, hiring a mediator might just be the best option. Mediators are professionals that help resolve certain legal conflicts involving two or more parties. They are a great alternative for attorneys because they function outside of the court, thus cutting all that waiting time and the expenses that tag along with the procedure. As a bonus, mediators don’t cost as much as hiring a lawyer.
Hiring a real estate mediator is like working with a buyer’s agent where the processes are cut short, plus the efforts and costs don’t hurt as much as hiring a certified real estate agent or a lawyer in this case.
However, for both a lawyer and a mediator, it would always be advisable to stay cautious before acquiring any legal help. Serious issues like asset conflicts within a divorce are huge treasure chests that might lure in a handful of con artists and frauds that are waiting for victims just like you.