
There’s no point in sugarcoating it: deciding what to do with a home during a divorce can quickly become stressful and complex. A home is not only one of the biggest financial assets that have to be divided between you and your spouse in a divorce but an emotional asset as well: one that you both have most likely spent part of your life in and worked hard to pay for over the years.
Divorce is complicated enough; deciding what to do with the home on top of the divorce can be a messy process if you’re unsure how to proceed. Here we’ll break down your best options in this scenario and some ways to begin the process of selling a home in a divorce.
Why Working with a Divorce Realtor Matters
Going through a divorce is one of the most emotional financial decisions many homeowners will ever face. Over the past two years, a large percentage of my real estate transactions have involved couples going through a divorce. While every situation is different, one thing remains the same: both parties deserve a real estate professional who remains neutral, communicates openly, and keeps the transaction moving forward.
Unlike a traditional home sale, a divorce sale often requires coordinating with two attorneys, two decision makers, court deadlines, and emotions that naturally come with ending a marriage. My role extends beyond marketing the home. I frequently help reduce conflict by keeping both parties informed, explaining each step of the process, and making sure everyone has the same information at the same time.
Whether you're searching for a Chicago divorce Realtor, a divorce real estate agent, or guidance on selling a house during divorce in Illinois, working with an experienced professional who understands these unique transactions can make the process significantly less stressful.
What happens to a home in a divorce?
There are several different ways a home can be handled in a divorce. Legally, a house is considered a marital asset, which means that its value will be divided between the divorcing parties depending on what state the divorce takes place in and how each person contributed financially to the mortgage. If you have children, considering the home as a way to maintain stability for them can also impact what happens to the home.
View More