Forced sale.

Griffboy

Somebody told me if you're splitting up with a partner and they want their half of the equity for the house you don't have to pay half of the market value because it's a 'forced sale'

Is this right and what percentage of market value is a forced sale?

Cheers

happybroker

market value I'm afraid though this would be as at a date set by the court, often the date proceeding first started.

A forced sale would be where your partner goes to court to ask them for an order forcing the marketing and sale of the property, the judge would normally set the amount to be paid the to person forcing sale and any extra would go to the other side