Buying a house after divorce can feel strange, especially when you’ve never done it alone. But it is one of the first things people think about once the dust settles and they have time to mull over how they want to move on with their lives.
That said, is buying a house after divorce as simple as hiring a realtor and entering the housing market?
It could be that simple, depending on your unique situation. But more than likely, you’ll need to tie up a few loose ends first. Don’t know what those are? Good news — our team at Christman | Daniell Attorneys has you covered.
3 Critical Steps To Buying a House After Divorce
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Wrap up any legal loose ends
Finding a new living situation quickly is one thing. Getting approved for it is something completely different if you’re trying to do it before your divorce is finalized or post-divorce legal details have been ironed out. Follow the finer details of your divorce decree and work with your lawyer to ensure you’ve satisfied all legal obligations and can stand on your own merits before you try to buy a house. The last thing you want is to be penalized for something you didn’t know wasn’t cleared up or could be an obstacle as you move forward.
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Sell your old home
Successfully buying a house after divorce will likely come down to whether you’ve sold the previous house as part of the divorce or removed your name from the deed and mortgage so that it’s officially in your former spouse’s name only. Why? If the existing house is still in both of your names, it could potentially be counted against you as an existing mortgage debt, making it harder for you to qualify for the home you want.
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Analyze Your Financial Situation
Knowing everything about your financial situation before, during, and after a divorce is important. Request copies of your credit reports to establish your credit condition and create a budget early in the process. If there are issues with your financial situation, take a step back to fix those issues before you consider buying a house.
Christman | Daniell Attorneys has a unique and refreshing approach to the often turbulent and emotionally stressful disputes arising in the context of divorce, child custody, and other family law cases. Our firm anchors its representation and legal advice in principles and philosophies that focus on the long-term best interests of children and families. We are committed to supporting and guiding you through the dark days of marital discord and crisis.
Please call Christman | Daniell for your legal needs today!
Looking for family law services in Collin County, Texas? Christman | Daniell is your premier choice. With years of experience and a deep understanding of the legal landscape, our skilled team is dedicated to helping families navigate complex legal matters. Whether it’s divorce, child custody, or adoption, trust Christman | Daniell to provide compassionate and effective representation for all your family law needs throughout Collin County.