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Selling a home during a divorce: What clients need to know
Most couples assume their marriage will last forever, but data shows that divorce is an inevitable reality for many. The most recent statistics from the Centers for Disease Control and Prevention show that in 2018, there were 782,038 divorces in the U.S., compared to 2.1 million marriages that same year.
Navigating the home selling and buying process can be confusing and stressful for any homeowner, but for those going through a divorce, an additional layer of complexity and urgency is added to the mix. This is an opportunity for real estate professionals to help alleviate some of that stress and guide their clients through this difficult time.

Selling vs. keeping the propertyOne of the most significant decisions divorcing couples face is whether to sell their home or have one spouse remain in it. Several factors contribute to this decision, including the expected financial situation of each spouse, emotional attachment to the home and whether or not kids are involved. In some cases, one spouse may have plans to relocate. An estimated 17% to 25% of divorcees with custody of their children move out of the area within two years of the divorce. Generally, clients will consider one of these paths:
Sell the ... more

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