You likely have many more questions than the typical home buyer or seller. You might be asking:
• Who, if anyone, will stay in the house?
• Who will move out? Should we sell the house?
• How fast do we have to move out?
• Are there any steps we must take, unique to our circumstances?
If selling the Home and Divvy up the Proceeds is one of your options, that's why your probably here, right?
Now it is best to maximize the home's selling price to provide each of you with as large a fund for a new home as possible. I will provide a full Market report for your neighborhood, so you will understand the price of your home in today’s market.
Also think about how long do you want to be on the market or can you live in your current arrangements?
Many home owners make the mistake of failing to understand how much money each will walk away from the sale with. Be certain that you are fully aware of what your net proceeds will be. Meaning, the amount you will have in your pocket after necessary expenses and the division of the proceeds. Remember... that the proceeds may not be divided in half. Instead, the division will depend on the result of your divorce settlement and the legislative property laws where you live.
If you and your former spouse decide to sell the home, it is advisable that you work with a Realtor to ensure you make the most money possible on the sale of the home. Though it may be uncomfortable at times, it is important that you have both previously communicated about the sale of the home and present when the listing contract is created. It is imperative that you both understand the content of the contract and provide your signature. Ideally, you should both have input during the negotiation process as well.
The legal process of divorce may also involve issues of alimony (spousal support), child custody, child support, distribution of property such as your home or other investment properties or vacation homes, and division of debt.