Probate & Divorce Real Estate Solutions
Divorce is rarely an easy process – especially if real estate is involved. You’ll likely be dividing up all of your assets, and the emotional and financial burdens of it all might have you feeling a bit lost.
Before you make any major decisions, it’s best to think with your brain…and not your heart. If you need any assistance or advice during this difficult time, I have a few tips to get you started.
Realtor, RCS-D
RCS-D Real Estate Collaboration
Specialist-Divorce
As a RCS-D Realtor, Kara is specially trained to neutralize divorce real estate as a business transaction in the best interest of the house – and each divorcing spouse. Kara also serves as a project manager working with you and your attorneys and can refer real estate and financial professionals specializing in divorce. These professionals are here to assist with the gathering of house-related documents and scheduling consultations, most of which at no cost to you.
The RCS-D professional program was written and taught by Kelly Lise Murray J.D. and Wendy Waselle. Professor Murray earned her J.D. Cum Laude from Harvard Law School and is an Instructor in Law at Vanderbilt Law School. Co-instructor Wendy Waselle has a Masters Degree in Education.
What To Remember When Selling A Home
Every divorce is different – some couples decide to sell their homes and move on, while others buy out their former spouse’s share of the property. Regardless of your circumstances, it’s important to treat the entire selling process as a business transaction to eliminate any potential issues. Here are a few other factors to keep in mind.
Sell for the right reasons
Selling a home and getting a divorce are both very emotional processes – which means it’s easy to get caught up and make some wrong decisions. Before you work out a deal with your former spouse, be sure you’re selling for the right reasons…and not out of spite.
Work out a deal on your own
If possible, work with your former spouse to draft a deal. If neither of you plan on staying in the home, decide how you’ll split the profits of the sale. Sometimes, if one spouse was paying more than the other, a 50/50 split may not be preferable.
Get everything in writing
Even if your breakup is amicable, you should always get everything in writing…and make extra copies of important paperwork. You can never be too careful, so keep track of everything from who’s paying the rest of the mortgage to who’s getting the couch!
Get you finances in order
Divorce will have a huge impact on your finances…and selling your home will, too. Before anything is finalized, be sure to sit down with your attorney and/or financial advisor to discuss all of your options. You may also have to liquidate some of your assets to cover expenses.
Always work with a Real Estate Agent & an Attorney
Now more than ever, it’s crucial to work with seasoned professionals to ensure that the sale of your home and divorce go smoothly. Your agent can help you navigate every step of the selling process…and they might be able to recommend a local attorney as well.
What Happens After The Sale
Even the most painless divorces can have an impact on your finances and well being. If you sold the property you once shared with your former spouse, you’ll need to find a new place to settle down. As you search for your next home, here are a few things to keep in mind.
Consider your own needs
Now that you’re on your own, it’s time to consider what you’re looking for in your next home. If you have kids or pets, don’t forget to factor them into your decision.
Find out what you can afford
Your financial situation will likely look very different after the divorce is finalized. Take a moment to sit down and see what you can really afford to spend on your new home.
Take time to declutter and reorganize
Now is a perfect time to declutter and get rid of any excess belongings – but beware of “emotional tossing,” especially if the divorce was messy.
Why Work With Us
Real Estate transactions are difficult enough on their own – but the added stress of a separation can make the entire process seem unbearable. Probate & Divorce Real Estate Solutions is here to help you every step of the way. We have extensive experience helping people navigate the selling process in the midst of a divorce.
We’ll listen to your individual needs and help you come up with an amicable agreement to sell your home. When everything is said and done, we’d be happy to guide you towards your next chapter in a new place of your own. Have questions about the process? Feel free to give us a call – we’re always here to offer advice, regardless of your situation.
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