Your home is your biggest asset during a divorce but what if you find out that you and your spouse owe more money on the marital home than the house is worth. We discuss what options are available to us when we have negative equity in your home.

When it comes to preparing and staging a home when putting it up for sale, there is no difference if it is a regular sale or a sale because of a divorce. Our goal is the same, where we want a quick sale and for top dollar. The only difference between a regular sale and a divorce sale is; that we have to prepare the home and make it look like it is not a divorce sale. Our goal is still to get top dollar, we don’t want to look desperate and have buyers think we want a quick sale and we will take any price that is offered.

1. One of you needs to move out when you separate.

This is false. Each spouse has as much legal right to live in the home as the other does until a court decides or one of you agrees to move out. Not wanting your ex to live in the house with you is not enough reason to lock your ex out of the house. If there is abuse it is best to seek a lawyer’s advice and not stay in that situation.

When you are going through a divorce and you are deciding what to do with the marital home. There are generally 3 options, buy out the other spouse, sell the house, or the couple can continue to co-own the house.

Conducting a title review is so important when selling a home as it brings transparency to the sale of the home and it can help protect buyers from potential legal issues and disputes that may arise in the future.

With the internet and mobile devices taking the market by storm, buyers have unprecedented access to property information at their fingertips, without depending on a real estate agent. Most public information is partial or outdated information that many online sources provide. A real estate agent has access to the latest and most current information days before it becomes public knowledge.

LOCATION - We usually cannot move a home! To quote the favorite phrase of appraisers, “Location, location, location!” The pricing of your home must reflect its location.

There are really two phases when it comes to preparing your home. The first phase is getting ready for the market and the second phase is getting ready for showings. Let’s start with the first phase, getting ready for the market, the best way to do this is to walk around your entire home with a notepad paying careful attention to everything.

Do you need to be close to schools, public transit, highways, or work? Those can be huge factors when choosing an area to live in. It is important that you scout the neighborhood in person. You live in more than your house.

There are other costs to consider. These closing costs and additional expenses can impact your offer, the size of your down payment, and the amount of mortgage you qualify for, so be aware of these costs from the start.

The first step is to be sure you understand how the market conditions affect the price you choose. Markets change from city to city and from neighborhood to neighborhood, the value of your home is determined by supply and demand. If there are a lot of sellers and few buyers, prices tend to go down and homes take longer to sell, this is referred to as a “buyer’s market”.

Choose a team of professionals to guide and support you through a divorce. These individuals help you to maintain sanity, make sound choices, and keep you moving through.