Divorce & Your Home
Divorce can be a stressful experience affecting finances, living arrangements, household jobs, schedules and more. If the family includes children, they may be deeply affected.
I'm here to help! I would love to give you the right advice for you to make a better decision for your future. As a real estate agent, I understand the importance of a house. More than simply shelter, a house represents a significant investment of time and money, as well as the stage for thousands of memories.
We are all here to move forward in this difficult time and I will do my very best to motivate you in the right direction and through your divorce. I will listen to your needs and set goals for your new life change, provide you with geat Real Estate advice and service, and treat you with respect, courtesy, and of course confidentiality.
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.
Keep in mind the amount of the proceeds from the sale of your previous home, or the amount you received in the form of a buy out from your spouse. This figure will help determine what new price range is suitable for your next property. Reconsider your housing needs and goals, look for a home that suits your new list of needs for your new life!
I work with other professionals like Mortgage Brokers and Lawyers that also specialize on divorce in the Tri-City area. This time in your life can be extremely costly, stressful especially when selling your home.
There are many ways to avoid these time consuming mistakes and I would be happy to help you devise a plan of action during what might be a sensitive time for you.Please call Jessica Prasad at (778) 241-8946 or email firstname.lastname@example.org to schedule a consultation, it's FREE!