Divorce law in Florida can be difficult to navigate, not only emotionally but mentally as well. Unless you’re a lawyer yourself, it may be difficult for you to understand what you can or can’t do, especially when it comes to selling property.
You might be asking yourself, “So is it possible to sell my house while in divorce in Florida?” The answer is Yes, but it can get a little more complicated than that.
Here are the answers to some of your questions regarding selling your home during the divorce process.
How Is Marital Property Divided During A Florida Divorce?
Florida law will always attempt to divide property to make sure it is evenly split between the spouses while the divorce process is going on.
If either or both parties want to sell the property during the divorce, a partition claim will need to be granted by court. What will happen is that either the property itself will be divided between the couple or the house is to be sold, with the profits equally going to both parties. This can be quite the complicated process with lots of back and forth between lawyers, so don’t expect quick solutions right away.
What Is The Main Benefit Behind Selling A Marital Home?
Divorce is an expensive process, and unless the two of you are well-off to begin with, it might cause a significant dent in your bank accounts. Deciding to sell your marital home and split the profits can help alleviate divorce costs and the process can be sped up as quickly as possible.
After the divorce, each spouse will likely start a new life without the other, and this might include new, separate properties of their own. In order to afford such, selling old property and other possessions might be an option so starting anew won’t be as pricey as you both expected.
What Are My Options Regarding My Marital Home?
Once you’ve determined that your house is indeed marital property, it’s time to look at your options. Selling might be the first thing on your mind, but it’s important to explore your other options to make sure that you choose to push through with what you think is best for you.
Here is what you can do:
1. Buy Out Your Spouse’s Other Half
This is ideal if:
- You have sole custody of your child or children and you need to be physically near their school.
- Your job is conveniently located near your marital home.
Buying out your spouse’s other half will not only make things easier for you
in the above scenarios, but choosing this route can also lead you to profit even more from the eventual sale of the house. It may be difficult to navigate if your spouse is attached to your marital home and/or wants a fair share of the profit, so tread lightly and consult your lawyer.
2. Divide Your Assets Accordingly
If you want to keep the house, you might want to offer other valuable items to your spouse in order for them to agree to let you keep the property. These valuable items can include cars, jewelry, bank accounts, and others.
3. Co-own The House Together
With this option, you can:
- Split all bills
- Maintain the property with help
- Rent out the property and split profits
- Decide how the house will be used
Should your children or other relatives need to use the house as well, it can still be easily accessible to them if co-owned.
4. Sell The House
With the help of a property division authority, you can fairly sell the home and split the profits with your spouse, however way it might be profitable to the both of you.
Need More Info?
“So how can I sell my house fast in Nona, FL?”
You can contact Kindred Homes online for fast, reliable, and fair cash offers for your home! Get a glimpse at our home buying process and fill out our online form to avail of your cash offer now. No need to worry about repairs, agents, commissions, cleaning, or hidden fees. We buy houses in any condition, and you don’t have to be pre-qualified with a bank. Hurry and contact us today!