At the J. Christopher Real Estate Group, we understand the complexities of real estate and life, and we have trusted lawyers that we work with to help people through the process of selling while navigating a divorce. Our experienced real estate professionals understand the issues clients face during a divorce and will provide step-by-step guidance to protect them legally and financially.
It is often helpful for sellers considering divorce to consult with a real estate agent before the divorce is settled. If the house is handled incorrectly during a divorce, one or both spouses may be ineligible to qualify for a mortgage. This could impact their ability down the road to refinance or buy a house with a new loan for years.
Not making the necessary adjustments to the homeowner’s insurance policy is another mistake divorcing couples make. Even if two people are married and on the deed, it does not necessarily mean that they are both insured on the home. If one spouse is listed only as an insurance beneficiary and remains in the home, he or she will not be covered after the divorce is final.
There are other factors that must also be taken into consideration when dealing with real estate during a divorce. What is the most effective way to agree on the value of your home? How will you equitably split the proceeds from the sale of your home? What are the tax implications for both parties once the sale is complete? These complex questions can easily be managed by an experienced, trusted real estate professional. At J. Christopher Real Estate Group, we recognize the emotional and financial burden of divorce and are committed to ensuring a smooth and stress-free process.