Your spouse asks for a divorce. Knowing you need to split up the value of the house, you decide to sell it. It just seems like the easiest solution. You know you'll make money, and dividing that money is simpler than trying to figure out who keeps the home, if the children get to stay in it, if you need to share it, how to move it into one name and all the rest.
Life is complicated enough, so you just decide to sell.
Unfortunately, that can come with its own set of questions and concerns. Here are 10 questions you need to ask:
- Do you want to sell it right away or wait for the market to increase even more?
- What is the true value of the home?
- What type of strategy do you want to use when deciding on a price?
- What is the absolute lowest offer that you'd both be comfortable with?
- Do you want to move out of the house before you sell?
- Are you going to actively market the house?
- If the home needs repairs before the sale, who pays for them?
- Are you going to do the repairs and cleaning yourself or hire someone?
- Can the two of you work together as sellers?
- Are you both on the same page? Does one of you want to keep the house, not wanting to lose that emotional attachment, while the other wants to sell?
Asking these questions helps you determine the best course of action for your future. Take a moment to look into all of your legal options as you move forward.