Questions for Divorcing Couples Selling Their Santa Clarita Home

Questions for Divorcing Couples Selling Their Santa Clarita Home

The housing downturn has a lot of divorcing couples struggling to decide what to do with their Santa Clarita home.  Especially when the house is the largest marital asset, the situation can easily become contentious and unclear. Here are five questions to ask yourself  before deciding what to do with your shared property.

  1. Does keeping your Santa Clarita home make financial sense? Often,
    once a couple splits, neither party can afford the mortgage payment and maintenance of the house by  themselves. If this is the case, selling is most likely your best option.
  2. Could you manage to keep living together while separated? When
    going through a divorce, you may not be able to stand each other’s sight. It
    won’t work in every situation, but you might want to tough it out and continue
    sharing the house (just with different bedrooms) until the market rebounds and
    you can make a profit.
  3. Are your emotions getting the better of you? Many people can’t help
    but develop a strong emotional attachment to a house. That’s certainly understandable, but it doesn’t  always make the most monetary sense. It might help if you try viewing the house  like any other asset. You’re unlikely to let emotion come into play regarding  the yard tools and bedspreads; try to treat the house the same way.
  4. How  will you split the proceeds? You’ll want to make sure you have a plan in place  to split the proceeds when the house does sell. If not, you could be thrown back into a huge argument instead of finally moving on with your life.
  5. What if  one of you won’t agree to a price? The negotiation
    process
    won’t go smoothly if it comes down to an argument between the
    two sellers. Therefore, you should have some sort of agreement as to your
    bottom-line price. Also, you’ll need to decide how you’ll handle counter offers.

If you need help determining if now is the best time to sell your Santa Clarita home, call me at [661-505-timv] or email me at [tim@timsells.net].  And check out my
website at www.VWSellsHomes.com.

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This entry was posted in Distressed Properties, Divorce, Real Estate, Tips for Sellers and tagged , , , , , . Bookmark the permalink.

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