Your divorce is almost over, and you will likely be awarded the house. On the one hand, this is a great thing because you can continue to raise your children in the environment they’re used to — not to mention, you really love that house and would hate to get rid of it. At the same time, you can’t help but wonder if selling the house might be the better decision in the long run.
We don’t blame you for feeling conflicted. Selling the family house is one of the more stressful and unpleasant parts of a divorce for many of our clients. That said, they often come away feeling confident that they made the right decision.
Here are 5 reasons you should probably sell your house during your divorce.
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You can achieve a clean slate
Many divorced spouses have said that it wasn’t until they sold their house months or even years later that they were finally able to “move on” from the divorce. As much as they wanted to keep it, there were too many bad memories. Selling the house gave them a clean slate. Ask yourself if you can be happy staying in the same house.
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You can’t afford the mortgage
Paying the monthly mortgage was never a problem when you were married. But, trying to do it on one or no income can be a challenge for many divorcing spouses. This is especially true when you add in real estate taxes and insurance. If you need to rely on the bulk of your monthly income to cover the mortgage payment, you should probably consider selling your house during the divorce process.
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You don’t need that much space
Many divorcing spouses who will likely be awarded the house choose to sell because it’s too big for just one person and requires too much upkeep. As a result, it might be easier to start fresh in a smaller place, where the mortgage payment, yard work, house chores, etc., are a tad more manageable.
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You need the money
If your former spouse was the breadwinner in your family, you will likely be better served selling your home if you haven’t already. Doing so provides you with additional cash to help with any significant transitions you need to make (finding a job, paying off debt, etc.).
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Selling your house now during the divorce often means splitting the closing costs
Once you’re officially divorced and decide to sell the house, you are responsible for closing costs, repairs, and related risks. Selling your house during your divorce typically allows you can share those expenses and reduce your risk.
Please call Christman | Daniell Attorneys 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.
Please consult an attorney for advice about your individual situation. The material on this website and in this or any blog article we publish are for informational purposes only and do not constitute legal advice. The attorneys at Christman | Daniell Attorneys believe in tailoring legal advice and solutions to your own personal circumstances.
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