How to know whether to keep or sell the family home! Real Estate Divorce Advisor
Because divorce is such an emotionally and financially stressful experience, itās difficult to unravel the many components involved. This is especially true when it comes to the family home, one of the largest shared assets in a divorce. Other real estate investments add to the complexity.
Deciding whether to keep or sell the family home involves many factors that can impact both divorcing parties — on a short-term as well as long-term basis.
Many questions need to be addressed ā¦A Real Estate Divorce Advisor can support you through the process and guide you in making the appropriate decisions.
Was the home a premarital asset belonging to one spouse? Or shared property purchased after the marriage?
What is the condition of the home? Even living in the home, you may not be aware of certain issues. Have termites taken residence in your attic? Has there been structural settling of the home? Has the roof or air conditioning units reached the end of their lifespans?
Have the taxes, insurance or homeowner association or utility rates risen beyond your ability to carry them?
Is this a wise time to downsize to a smaller residence with a lower tax burden? Or time to relocate to another community?
Most RealtorsĀ® donāt have specific training in areas related to divorce and they may not have the right answers to your questions. Or even know the right questions to ask you at this time. Or they may overlook important strategies. Those errors can lead to costly mistakes.
Adding a real estate divorce specialist to your team!
A Real Estate Collaboration Specialist in Divorce (RCS-D) is a RealtorĀ® designation that requires advanced training. Their goal is to give you timely, relevant and accurate information to make informed choices. They specialize in helping homeowners, before the divorce, by coordinating and streamlining communication with other professionals on your team. This may include your Family Law Attorney, Mediator, Financial Planner, Accountant, etc…
You can depend on your RCS-D RealtorĀ® to navigate with you the multitude of factors involved in the property division process. They will help you decide whether one spouse will retain the house and buy the other spouse out. They can address how and when repairs and other projects must be completed before listing. Above all, they will prioritize crucial issues such as protecting your credit and identifying exploitation. By choosing an RCS-D RealtorĀ®, you can avoid legal and financial pitfalls, while minimizing delays and other obstacles. You have a qualified professional focused on protecting you and your interests in the most efficient and stress-free manner.
Supporting your finances and your future!
Having earned the RCS-D designation, Richard Lombari can become a valuable part of your divorce support team. He understands the challenges you face at this time and will use his vast experience and expertise to ease the process every step of the way.
Want to know more? Contact Richard for a complimentary conversation today.
Divorcing? Getting the House?
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Lombari Real Estate Wealth Advisors
Phone 310.903.6509