Posts in category 'Divorce Toolkit'
6
How to Divide Home Equity in Divorce Without Stress
How to Split Real Estate Equity in a Divorce (Without Losing Your Mind)
Equity division can cause major tension, especially if it ties into underlying issues like motivation or revenge. (For more on that, see pages 4 and 6 of the Divorce Selling Guide.)
1. Determine the Home's Value
Get a comparative market analysis from a local expert.
2. Calculate Your Equity
Market value minus mortgage balance = your equity.
3. Decide How to Divide It
Sell and split, buyout, or delay the sale. Consider what works for both sides.
4. Factor in Selling Costs
Commissions, fees, and repairs affect your bottom line.
5. Work with Professionals
Ensure the equity split is documented properly in your divorce decree.
Neutral third-party analysis can prevent costl...
6
Selling a House During Divorce: What You Need to Do First
Selling the Marital Home: What Comes First?
Divorce can be one of life's most emotionally charged transitions. When real estate is involved, especially a marital home, decisions must be made carefully, yet efficiently. If you're in the early stages of divorce and wondering where to begin with the home, here's a step-by-step guide to help.
(For more on the emotional weight of this decision, see the Preface on page 2 and "Put It In Neutral" on page 23 of the Divorce Selling Guide.)
1. Understand Legal Restrictions
Talk with your attorney about court orders that may affect the sale.
2. Determine Ownership & Equity
Review the deed, mortgage, and equity with your agent and attorney.
3. Decide on the Goal
Buy out? Sell? Co-own temporarily? Weigh the pros and cons.
4. Hire a Neutral Real Estate Profession...