Divorce involves a lot of emotional difficulties and important financial decisions that you have to know how to manage. One of the most important decisions concerns ownerships. In the emotional whirlwind and material worries that a divorce entails, you especially need clear, precise and impartial answers about your real estate assets. Once informed about what is likely to happen with the mortgage, taxes, all matters related to the home, decision-making will be facilitated. The opinion of a third party, neutral and well documented, will allow you to make rational rather than emotional decisions. Probably the first question to ask is: do you want to continue living in this environment? Will the familiar neighborhood bring you some kind of comfort, or rather painful memories? Do you want to minimize the upheaval by staying put or move to the place that will symbolize a new beginning for you? Only you can answer these questions, but regardless of the answer, the financial implications must be considered in the decision-making process. What can you pay? Can you support the property with your “new” budget? Can you reopen your mortgage and negotiate a refinance? Is it better to sell and buy something else? What do you think you can buy with your new means? The objective of this study is to help you ask the right questions in order to make informed decisions that will correspond to your new situation.
It is important to fully understand the financial implications of each of these scenarios.
When you decide to sell
If you and your spouse decide to sell the property, surround yourself with professionals to get the most out of this important asset. Your disputes must be put aside, you will have to be involved at the time of taking the brokerage contract.
RE/MAX DU CARTIER REAL ESTATE AGENCY – INDEPENDENT AND AUTONOMOUS FRANCHISEE OF RE/MAX QUEBEC