Understanding what divorce means for your home
Going through a divorce can be quite challenging. Add in a significant asset like a home and you have a much more convoluted situation. Ultimately, this is likely the biggest asset that you have to divide up amidst a divorce. With so many obstacles to navigate, though, how do you decide who gets the house in this situation? Since there are so many factors at play, it’s important to understand what divorce means for your home as well as some critical issues and possible solutions before making any major decisions.
We understand that you may have many questions when navigating this type of experience. Educating yourself on the ins and outs of what divorce means for your home is critical.
You can also get in touch with Suzanne Vasbinder and her team of expert real estate agents. Ask a real estate expert and They’ll be able to answer any questions you have.
Is it Marital or Separate Property? What Divorce Means for Your Home
Before you decide who gets the house, you’ll need to take some time to reflect on a few basic questions to help you understand what divorce means for your home.
First and foremost, consider who owns the house. In many cases, both spouses can claim a piece of ownership. However, that’s not always the case. The smoothest scenario possible is if the two of you bought your house together while married and used the money you both made while legally together. In this case, you both are entitled to an equal 50/50 split.
Having said that, in an equitable distribution state, courts will have to determine how to divide up assets, and that doesn’t always result in an equal split.
Who Gets the House in a Divorce
Ultimately, you and your spouse can work together and decide who gets the house, or you can have a judge decide on that for you. You will save a lot of money if you and your spouse can figure this out together. Since there is often sentimental value to the house, this can be a tricky proposition.
If one spouse has a robust personality and has typically dominated the marriage, the other spouse may be at a disadvantage. On the other hand, if courts decide for you, you are trusting them to make a decision in your best interests, which may not always be the case. While a judge has a lot of experience, he/she may not take into account the specifics of the divorce.
If you don’t like the manner in which things are progressing during this process, reach out to professionals who can help you understand what divorce means for your home.
What Divorce Means for Your Home in the Current Housing Market
Today’s housing market is beginning to look scary for many home sellers in Fort Myers and across the country. With larger economic concerns and increasing interest rates, there are fewer homebuyers.
Don’t let yourself get stuck with a home that won’t sell during a divorce. Suzanne Vasbinder and her team of seasoned agents will help you understand what divorce means for your home.
In fact, our team is very confident that we can help you decide what to do with your home during a divorce. Make sure you’re working with the very best agents if you’re selling a Fort Myers home.
You don’t want to end up losing money, or worse, getting stuck with a house that won’t sell.
Suzanne and her team take the time to understand what you need. They’ll help you craft a customized strategy that pinpoints exactly what you want to accomplish. Other realtors in the area won’t provide this level of service!
If you have questions and want to get started evaluating your home, give the team a call. You can reach us at 239-990-8290. You can also use the simple form on this page and we’ll contact you right away.
Don’t wait for the market to worsen! Get your home sold with the help of the best real estate team in Fort Myers.