${site.data.firmName}${SEMFirmNameAlt}
973-383-2700 | 800-FYI-2700
(800-394-2700)
View Our Practice Areas
View Blog Navigation

Divorce and selling the family home

Going through a divorce is often stressful, but New Jersey couples who have to sell their home as well may find it particularly unsettling. One website reports that the family home is sold in 61 percent of all divorces. In some instances, one spouse is able to buy out the other spouse, but this is not possible in many cases.

Selling a home because of a divorce can be a very emotional experience, which is why it is important that both parties use a real estate professional whom they both trust and whose advice they will heed. The selling process will be more efficient if the agent and both spouses are able to work together to create an effective sales plan.

There should be a discussion with the agent regarding duties and goals. If possible, one spouse can be the designated contact with the agent. Not only with this simplify the communication process, it will limit how much conflicting information the agent may have to address.

Although the emotions of both spouses may be heightened during the selling process, they should make every effort to not involve the agent in any personal disagreements that may occur. Both parties should keep in mind that the agent does not want to favor one spouse over the other. Having the shared objective to make as much of a profit as possible may help the process continue without being derailed by personal issues.

A family law attorney may provide objective legal counsel to clients who want to resolve complicated divorce legal issues, such as property division. In some cases the attorney can help to negotiate a settlement agreement instead of having a judge make these decisions.

No Comments

Leave a comment
Comment Information
  • Million Dollar Advocates Forum
  • Super Lawyers
  • Click for the BBB Business Review of this Attorneys & Lawyers in Newton NJ
  • New Jersey Association for Justice
  • New Jersey State Bar Association 1899