Dividing Real Estate In a Divorce: 3 Ways to Deal with a House in the Mix

With roughly 700,000 divorces nationwide each year, you’re not alone in splitting from a partner — or in deciding how what once was “ours” gets allocated into “yours” and “mine.”

Dividing real estate in a divorce adds stress to an already stressful life event because property, especially purchased together, forms part of the foundation of a relationship.

“It’s stability. It’s security, feeling like you’re going to be OK because you have a roof over your head,” said David Dorman, a top real estate agent in the Orlando, Florida area, who regularly helps divorcing clients with their property needs.

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HomeLight can connect you with a Certified Divorce Real Estate Expert in your area or a top agent with valuable experience helping couples successfully sell their homes due to divorce.

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Although divorce laws vary by state, real estate and financial experts say that there are three main ways property gets divided in a divorce:

  • Both parties sell it and split the equity
  • One party buys out the other
  • Both parties agree to defer a sale until a later date

Here, we’ve gathered insights into the top considerations for each route.



from HomeLight Blog https://www.homelight.com/blog/dividing-real-estate-in-a-divorce/

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