Blog, Buyers, Sellers

Separation, Divorce & Real Estate

Going through a separation or divorce is messy and painful.  Emotionally and financially it can wreak havock on you and your family.  Karen Stewart is the founder of Fairway Divorce Solutions and is an advocate for working with both of the spouses to reach a resolution, something she discovered wasn’t part of the normal formula when she herself went through a divorce.

During this time, you need to make decisions that may be more difficult while your anxious emotional state is compromised.

Nikki has successfully worked with both husbands and wives during these stressful times and understands what you are going through.  Choosing what to do with your real estate holdings during this difficult time requires an understanding of your unique situation both personally and financially and what you truly want for an outcome.

Facts:

• A separation agreement is a must, both from a mortgage qualifying standpoint and as a first step through the legal transition of determining responsibilities and dividing assets and debts;
• Determining what to do with the marital home.  This is usually the biggest debt that you shared as a couple.  It is also normally your largest asset as well.  There is usually enough equity in the marital home, that you either have to sell it or one spouse needs to buy the other out.
• Once you decide if you want to sell or one spouse wants to buy the other out, normally there are certain steps involved.

Being both a Mortgage Broker and a Realtor enable Nikki to assist through the whole process of selling, qualifying for a new mortgage and buying a new home.

If you would like more information on working with Nikki through this transition, please feel free to call her directly at 403-991.2198.