Marital Home Options
Although the marital home is almost always the most expensive asset a couple owns, it generally accounts for at least 60% of the family’s net worth, there is virtually no state-specific mandated guidance for divorcing couples regarding divorce real estate.
Buying or selling real estate, in and of itself, can be stressful. Add the element of divorce, and one of the most contentious issues stemming from the divorce becomes "What to do with the family home?" While divorcing, if you decide to sell the marital residence, you find that besides the real estate process, there are five to six additional processes going on simultaneously: legal, physical, financial, social, emotional, and for some spiritual.
Whether staying, leaving or selling the family residence, it can be an emotional and gut-wrenching experience, even more so when children are involved. I understand that this is where you and your soon-to-be-ex (STBX) made a lifetime of plans and memories, so it's understandably a difficult experience. Speaking with a trusted professional and developing a deeper understanding of how divorce affects your personal situation is the first step.
"My goal, first and foremost, is to lay out a plan and navigate through the options with you so that you and your STBX can make the most informed decisions given the unique legal, financial and emotional aspects of your situation. You need to know that you have choices with what is commonly the greatest family asset."
One of the spouses buys out the other's interest and keeps the home
The house is SOLD immediately and the equity , if any, is split as agreed upon.
One spouse continues living in the home for a specified period of time, and then house is SOLD.
"Previous clients have stated that I am gifted at working with both parties impartially to complete the ultimate goal of selling the marital home with the least complications; and, as with any real estate transaction, getting the maximum return for the selling parties. I am able to provide information, resources, and risk management tools that others may not be aware of. I have been told by my clients that I am "the calm in the divorce storm," as well as the 'project manager/quarterback' of their divorce real estate process."
"I know the unique needs associated with divorce and the marital home. As your Certified Real Estate Divorce Specialist™ (CREDS™), I am equipped through specialized training, personal experience and passion to manage the ebb and flow of the divorce process with both parties without making additional waves. Serving those in the midst of a divorce is a special calling on my life."