Legal Question in Family Law in Virginia

Start with the fair market value, established either by agreement or by certified real estate appraiser, deduct the present amount owed for mortgage(s) on the house, and split the difference, usually 50/50. If premarital funds were used to purchase it, or gifts to one of you from someone other that the other of you, deduct that or those amounts from the net (value less mortgages) and split the remainder.