Thursday, October 17, 2013

Keep or Sell Your Home During Divorce - Part 1

The decision to keep or sell your home when going through divorce can be an ongoing source of emotional conflict and negotiation between the parties. The divorce itself causes disruption and most people want to stay in the home to feel secure especially when your children's lives need to be kept as normal as possible during this transition.

Reaching the decision together about whether one party should keep the home or sell it, is a huge decision. There are a lot of factors to consider for both of you who are about to take on separate lives. In many instances, there is no choice, sometimes it's the only solution for both of you.

What housing options are available your area? Compare the cost of keeping your house and making mortgage payments with rental homes in the area. Consider whether you can afford to buy the other party out and stay in the home or whether you can afford to purchase another home after you have sold or gotten out of your existing mortgage.

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