Real estate is often one of the largest assets to be discussed during a divorce. While there are times that one party can maintain ownership of the house, it is more typical for both parties to agree to sell the property and move on. This makes for an easily divisible and realized gain in a short amount of time. In most cases, each party is able to “cash out” the equity they’ve built in their home, and use that to establish the next chapter in their lives.
We encourage each party to treat this as an exciting experience. We recommend each party to use the opportunity to think about what changes they’d like to make. Is it time to downsize to a smaller home? Move somewhere more urban? Relocate for a new job position? Live closer to family members?
In the meantime, you owe it to yourselves to mitigate the stress and workload that comes along with selling your home. We are experienced in working with divorcing parties, and pride ourselves in being a fair, honest partner throughout the listing and selling phase. Our goal is always to help you make smart real estate decisions.
We created this helpful infographic to get you started on the right path. Here are five steps to take while selling your home during a divorce: