Thursday, July 17th, 2014 and is filed under Divorce - Blog Category
When facing divorce, it is common for one spouse to want to stay in the family home to minimize disruption in the lives of the children, or just to hold onto something familiar in the face of major life changes. While there are many emotional components at play, there are four factors to consider when deciding whether keeping the family home makes financial sense.
1. Current value and market conditions – The first step is to find out what the home is worth and get a feel for real estate market conditions. A real estate professional can help you evaluate your home against “comps,” or other recent sales in the area, but an appraisal may be the best determiner of your specific home’s value. Read More