Divorce And Your Home - Avoid Costly Real Estate Mistakes
Both getting a divorce and selling a new home are two of the most stressful events in a person’s life. When you are considering a divorce - or in the middle of one - and selling a home, the best way to minimize stress is to receive straightforward and easy-to-understand information from an experienced and trusted real estate professional.
Let Your Home Sold Guaranteed - Team Raj Jaggi and www.TeamRajJaggi.com be the trusted name you consult to help you navigate your real estate transaction.
There is no shortage of hard decisions to make during a divorce. One of the biggest decisions you will have to make is whether to sell your home or continue living in it after the divorce.
- While the decision isn’t easy, there are a few simple questions you can ask yourself to help decide. Consider the following questions:
Do you feel happy and emotionally secure in your home?
- Will your home remind you of the bad times?
- Do you want to maintain consistency in your life by staying in your current home?
- Are you looking for a new home as part of your fresh start?
While you are the only one who can answer those questions, an experienced agent can explain in simple terms what your 4 options are should you choose to sell.
Four Housing Options When Going Through A Divorce
When you are getting a divorce, you need to know all of your options for selling your home before you make a decision. Here are four options to consider when it comes time to sell your home.
1.Sell Now And Split The Proceeds
At this point, your primary objective is to sell your home for the highest possible price. With our expertise, we can help you get top dollar for your home - in fact, we guarantee the highest selling price. We can help you determine your net proceeds after expenses and let you know what your share of the profits are.
2.Buy Your Spouse’s Share
If you’d like to keep living in your home, you’ll need to figure out how you are going to make the monthly payments now that your available finances have been reduced. You will need to secure money or assets in order to buy out your spouse’s portion of the home, so you can own it solely by yourself.
3.Sell Your Portion of the Home to Your Spouse
If you choose to leave the home and your spouse chooses to stay, you will
be able to buy a new home with the proceeds.
It’s important to remember that your current home needs to be refinanced so that you avoid any obligations or liability. Failure to do so can make getting a new mortgage difficult.
4.Keep Joint Ownership
It may be your desire to retain joint ownership of the home until a later date, even though only one spouse resides in the home.
When it comes time to select another option, keep in mind that there are tax considerations which may vary widely from the time of your divorce to the time of the home sale.
If you are interested in selling your home because of a divorce, Your Home is Guaranteed to Sell at a Price Acceptable to YOU, or I’ll Buy It for Cash!
While you consider your next steps, learn more about your options in our FREE special report prepared by industry insiders entitled “Divorce: What You Need to Know About Your House, Your Home Loan and Taxes”
When you’re ready, give us a call at 516-996-3633 or fill out the form below.
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