As a Certified Divorce Specialist ® understanding the division of marital assets as part of a home sale is an important component of what I bring to clients.
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Dividing home equity during a divorce can feel overwhelming, but it’s a crucial step in selling your property and moving forward. Start by determining the home’s current value—this typically involves a professional appraisal. Next, review the mortgage balance and check for any liens to calculate the net equity accurately. Once you have these figures, the division process begins. While many settlements opt for a 50/50 split, every situation is unique and may follow different terms outlined in the divorce agreement.
This isn’t just about numbers—it’s about ensuring a fair and transparent process for both parties. That’s why consulting with experienced financial and legal professionals is key. With the right guidance, you can navigate this transition confidently and with less stress.
Selling a home during divorce is undoubtedly emotional, but it doesn’t have to be chaotic. With the right support, you can take this step toward a fresh start.
— Amy Weed, JD, CDS®, Realtor® Donahue Maley & Burns Team, Compass
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