Selling Options In A Divorce

Selling a home during a divorce is challenging and overwhelming.  I'm here to make this process as smooth and stress-free as possible for everyone involved. I act as a neutral and professional guide, ensuring both parties' interests are fairly represented so you can achieve the best outcome.

I've helped many clients in similar situations, so I understand the complexities of selling a home during a divorce. I can offer sound advice on timing, pricing, and communication to keep things on track. I'll handle the details so you can focus on what's next. For example, I'll manage everything from staging and marketing to showings and negotiations.

Let's look at some common questions:

1. Should we sell the house?

Your divorce agreement or court order will say. Usually, both parties must agree. If either of you don't agree, the court might order the sale. If one spouse wants to buy out the other, consider:

• How much debt do you have?
• Can you refinance the home?
• Can you afford the payments?
• Is now a good time to sell?

2. How are the proceeds divided?

Your divorce agreement or Alberta's matrimonial property laws will determine this. Often, it's a 50/50 split, unless your separation agreement or a court order states otherwise.

3. What are the selling costs?

These costs can include:

• Mortgage penalty for paying off the mortgage early
• Capital gains tax
• Real Property Report (RPR)
• Condo document fees (if applicable)
• Real estate commission
• Legal fees

4. When should we sell – before or after the divorce is finalized?

This depends on your situation. Selling beforehand can help you settle finances sooner, but you'll need a separation agreement. Alberta has dower rights, which must be carefully considered. Please consult a lawyer before selling or buying a home.

Key to a smooth process:

Clear communication, shared goals, and working with professionals (lawyers, agents, appraisers) are essential. Avoid emotional decisions and focus on the financial aspects.

Contact me if you have questions or need guidance on the next steps.