Divorce – Selling The Matrimonial Home

I want to reiterate that before you finalise a decision with respect to your matrimonial home, it is recommended you consult both a mortgage advisor and lawyer.  Ok that being said, here are some key points to consider when you agree to sell your matrimonial home:

  • Frist: hire a Realtor to provide you with an estimated market value of your property.
  • Second: Calculate your respective net proceeds from the sale… AND be sure to keep in mind the proceeds may not be divided in half; the division depends on your divorce settlement.
  • Third: When selling be diligent about maximize the re-sale value of your property… AND don’t forget the equity from the sale typically needs to fund the downpayment for 2 new purchases so every dollar counts twice as much!