Divorce can be tough, especially when it comes to deciding what to do with your home.
Here are the top 3 questions you should be asking yourself:
1️⃣ Will we sell the house, or will one of us buy out the other?
Deciding whether to keep or sell the home is often the first major decision. Consider your financial situation and long-term plans.
2️⃣ Can I afford the mortgage on my own, or will I need to refinance?
If you plan to stay, refinancing might be necessary to take over the mortgage, and you’ll need to qualify on your income alone.
3️⃣ How will we divide the equity?
Understanding the home’s value and agreeing on how to split the proceeds or buyout amount is crucial for a smooth process.
👉 Working with one of the experienced Englewood, FL realtors is key to navigating these difficult decisions. If you’re facing this situation, DM me and let’s figure out the best solution for your future.
