Do We Have to Sell the House in a Divorce?

Not necessarily.

Selling the marital home is one option during divorce, but it isn't the only one. In some situations, one spouse may want to remain in the home. In others, selling may provide both parties with the flexibility to move forward.

Before deciding to sell or stay, it's important to understand the complete picture.

Start with the numbers

A good first step is understanding the home's current market value, outstanding mortgage balance, potential equity and anticipated costs associated with a sale.

Having a realistic understanding of the property's value can help both parties and their professional advisors evaluate the available options.

What if one spouse wants to stay?

Keeping the home involves more than determining who wants it.

The existing mortgage, income, debt, financing options and future affordability may all affect whether retaining the property is a realistic option.

This is where real estate and lending considerations intersect—and why understanding both can be helpful before an agreement regarding the home is finalized.

What if selling isn't right for us now?

An immediate sale isn't always necessary. Depending on the circumstances, couples may consider a delayed sale or temporary co-ownership arrangement.

Timing, market conditions, financial implications and the responsibilities associated with continued co-ownership should all be carefully considered with the appropriate professional advisors.

Understand the options before making the decision

There isn't one answer that's right for every family.

The goal is not to push toward selling or staying. It's to provide clear real estate and lending information so you and your professional team can evaluate the options and make an informed decision.

The Equitable Split™ provides real estate and divorce lending guidance to individuals and professionals navigating housing decisions during divorce.