Moving Forward: Real Estate in Life's Transitions

UPKEEP OF A MARITAL HOME DURING DIVORCE — WHY IT MATTERS.
Managing a marital home during a divorce is never easy, especially when it comes to navigating mortgage and maintenance responsibilities. Understanding these factors early can help minimize stress and financial surprises. As a Certified Divorce Specialist® and Realtor®, I have worked with clients to provide a valuation of their home, and also to advise on selling the marital home as part of a division of assets. Maintenance and mortgage payments are critical for maximizing value.

First, determine who is responsible for the mortgage. If both names are on the loan, they may be jointly accountable, regardless of who lives in the home. Missing payments can hurt both credit scores, so staying current is critical, whether the property is going to be sold, or whether one party will take over the home as part of the divorce settlement.

Maintenance is another key consideration. Repairs, utilities, and upkeep don’t pause during a divorce. Clear agreements about who handles these costs can prevent disputes.

Finally, consult professionals—your attorney, financial advisor, and real estate agent can guide you through this complex process. With the right strategy, you can move forward confidently to a fresh chapter.
— Amy Weed, Donahue Maley & Burns, Compass, Realtor®, Attorney-Broker, Certified Divorce Specialist®