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Divorce and Your Home / Divorce the House?
Understandably this is an emotional subject because your home is where you nuture and provide for those you love most.
The place where everyone feels secure and can be themselves, shutting out the stressful world. You may feel your divorce
is now putting your safe haven at risk. Separate Home decisions from your emotions, treat it like a business.
Don't let your emotions make decisions about your Real Estate. It's time to evaluate everything that pertains to divorce and
your home. Knowledge on this subject, not emotions, will help you make the best decision for your situation.
Key Factors if you Should Divorce Title
♦ Is this a Family Home?
♦ Is your home a Marital Asset? - Most often the house is considered a maritail assets, even if your not on the Title, unless
inherited. Consideration will be made regarding the claim of value, if purchased while married or before but it will be evaluated by
state law and only requires a split of assets, not necessarily 50/50.
♦ Downpayment Source / Time of Ownership / History of Usage
♦ Payment Capablities and Income
♦ Are Children Involved
♦ Debts or liens secured by Real Estate
♦ Health Issues
15 Questions you should Answer before Divorcing Your Home
1.) Can you really afford the house after divorce?
2.) Will your standard of living be strained to the point you won't enjoy life?
3.) If you want it, you'll have to buy him/her out by refinancing. Do you have a basic idea of the percentage of the equity you will
most likely have to pay? Depends on Above circumstances and your Lawyer can give you a ball park fiqure.
4.) Do you know the Current Market Value & do you have Equity in the Home?
5.) Have you accounted for the Taxes, Liens, Utilities and up-keep within your budget?
6.) Will your Income Alone qualify for a refinance of the Home?
7.) How will this affect the Children, and will it provide the safe nuturing atmosphere they need?
8.) Will the Home Sell and at what Price? Consider; Equity, Sellablity, Location, Condition. Free Quote
9.) Have you considered Delaying the sale till children are 18? Consult Lawyer and be sure all legal avenues are documented and divorce title correctly.
10.) Is the Home the right size and location you really want or will changes cost more in the long run?
11.) Have you been wanting to have a Mother/Father move in? This can help financially & emotionally.
12.) Is their other Property Assets you can negotiate in order to keep the home without financial hardship?
13.) Are you truly making a decision based on figures, facts and not emotions?
14.) If you can afford a different home that offers you more, then divorce the house. Know & Get Options
15.) Do you know the Answers to all these question? If so, your educated enough to make an informed decision about your
home during divorce.
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Resources of Information Concerning Divorce
Domestic Violence Hotline Cope with Divorce Co-parenting Effectively- Toledo Located
Lucas County Domestic Relations Help Guide to Divorce
Wood County Domestic Relatiions Reasonable Parenting Time Guide Divorce Glossary
Why Joint Custody
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Co-Parenting through Divorce
Parenting is forever and your children must come firstduring a divorce. During the emotional stages of denial, shock, roller coaster, bargaining, letting go and acceptance, the children will be concerned. Talk to your child about what changes will occur and be clear that it is never their fault and both parents will continue to care & love them. Two happy homes should be the focus of both parents. Be willing to address their need to see the other parent & letting the children know their new schedule helps eliminate the fear because they see how both parents are still in their lives forever. Alway respect the other while in the presents of the child. Being flexible with the schedule will be necessary for sporting events, school activities, friends party invite and special family occasions.
Talk to your child about their feelings, troubles and fears. Listen to your childs problems concerning the other parent but encourage them to work them out with the other parent, in most cases. Be clear you may divorce the house, him or her but will always be their for them. Co-Parenting worksbest when both parents respect each other and put the childs welfare first. Keep a schedule in the open so both parents and the children can follow or make necessary changes. Co-parenting through your divorce in a positive way will help the children make that adjustment more smoothly. Two happy homes can have different parenting styles, as long as both provide a safe loving place for the children.
Divorce Survival Help
See this average time schedule to know the visitation baseline that may be recommended. Keeping everything straight during a divorce and a real estate transaction can be challenging. Over 41 % of marriages end in divorce and concerns about the children, home and yourself would over-whelm anyone.
For legal helpin your divorce you will need a lawyer. If your un-clear on your financial abilities concerning your home, you may consider financial counseling , talk to your accountant or see HUDfor free housing counseling.
Family and children's counseling can help with emotional issues as well as your church, family & friends or local social services.
A known cause of stress is not feeling in control. Don't let what you can not do interfere with what you can do. What you can do now is surround yourself with an experienced team that can help you feel some level of control. Exercise and fitness is proven way to releave stress better than anything.
Learn how to Start a Neighborhood Block Watch Program - Helps connect the neighborhood and provide extra eyes,
especially important to help you feel safe.
♦ ♦ Dealing with The Home ♦ ♦
Reduce stress by having a Realtor experienced with the difficulties that will occur during your divorce. Be clear on your finances by knowing how to fiqure your DTI ration. Hire a good realtor that shows you all the options: staying, divorce the home or buying a new home. During this difficult time it will be critical that you work with a realtor that knows, understands and is prepared to handle the extra challenges your situation will bring.
All realtors charge about the same, this is the only business where you can hire a Top Agent for the same Price. A quick sale or fast purchase can only happen with Maximum Exposure, focused resources, experience, and a clear understanding of your misfortunate needs. And guidance to separate home worries from you mind so you can focus on your family now.
Choosing a team to help you through the Divorce and Your Home means your not alone. I understand the stress your dealing with and also know the Market & Have the Extra Resources, Extra Exposure and the extra help needed to eliminate your Real Estate concerns. I have a full team working with me ready to work in your corner.
Real Estate Advice: Victoria Luhring
Free Moving Quote
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Divorce and Your Home Blog
On my blog you can read, review and even blog for advice on Divorce and Your Home. Sometimes it helps to evaluate what others are doing in the same situation. It's a great way to seek information or just get different solutions that have worked for others who are dealing with the same issues. We encourage our followers to add good resources & businesses that have been useful to them.
How to add to the Blog? Simple click on the Title of the Article and you will see a comment page below.
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