Divorce can be messy
Updated: Jan 8
Based on 2016 Statistics Canada data, 6% of marriages in London, Ontario ended in divorce. This is more or less on par with the Ontario average. As a couple prepares for a divorce, there are many issues to be resolved. Undoubtedly, the biggest issue is the sale of the matrimonial home.
Selling your home during the midst of the divorce process can be beneficial to both parties both personally and financially. The profits generated from selling the home will give each of the individuals a means of starting fresh, as well as closure before the divorce. It also provides each of the parties an opportunity to eliminate and manage any shared debts.
On the other hand, if one of the spouses decides to reside in the home, you will need to discuss how the remainder of the mortgage is to be executed, by who, and how. A divorce lawyer will be most useful for legal advice.
If it is decided to sell your home there may be repairs and maintenance tasks to be completed before you can sell or list it with a Realtor. Fortunately, this problem is eliminated with 519housebuyer as we purchase homes in AS-IS condition. This makes the transition much easier for both parties, with no need to show the property to strangers and it takes away the stress of dealing with multiple offers.