Selling or Keeping the Home During a Divorce:
By Christopher Pataki, Hockessin Delaware Realtor
(RE/MAX Associates)
What New Castle County Homeowners Should KnowFew decisions made after a divorce are as expensive or emotionally taxing as what happens to the house. Here are some advantages and disadvantages of selling versus holding onto your house if you are experiencing this in New Castle County so you can decide what is best for you. The Case for SellingA clean financial split. Selling the home and dividing the proceeds is often the simplest way to separate finances. It removes shared debt, shared upkeep, and the ongoing decisions that come with owning property together.No ongoing ties. A shared mortgage or shared title can keep two people financially connected long after the divorce is final. Selling closes that chapter and lets both people move forward on their own.Equity is accessible. Pike Cre...
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