Bill and Melinda Gates’ divorce could lead to biggest real estate sales in years

Bill and Melinda Gates’ divorce could lead to biggest real estate sales in years

Bill and Melinda Gates’ divorce could lead to biggest real estate sales in years
While the shock of the separation of Bill and Melinda Gates still hasn’t settled, speculation about the process of the dividing their assets has begun. With a net worth of over $130 billion, the Microsoft co-founder's estate includes the world’s largest private charity, an investment firm and an impressive real estate portfolio.

The highlight of the former couples’ mansion collection is the tech-heavy 66,000 square foot property located just outside of Seattle. Additionally, the Gateses have three California homes including a beachfront property in Del Mar. The property acquired last year for $43 million was the second most expensive home sale in San Diego County history.

The divorce documents filed in Washington state ask the court to divide their assets according to a separation agreement. Although details are unknown, it is not uncommon for assets such as real estate to be sold and the proceeds divided among the couple.

Meanwhile, conforming no-point 30-year fixed mortgage rates are averaging 3.0 percent and 15-year rates are near 2.375 percent.

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