The most common solution in a divorce is to sell the house and split the profits. It’s common to split the profits 50/50, but that can change due to a myriad of reasons like a pre-nuptial agreement, one party wants to keep their retirement account in place, etc.

 

If one person wants to stay in the house, it’s possible to buy the other person out, as long as they can do it financially. First, both parties have to agree on a price, which is not a foregone conclusion. They can have it appraised but one party may feel the appraisal is too high (or too low). Then the party that’s remaining has to be able to put their hands on enough cash to buy the departing party out.

0
0
0
0
0

This content was contributed by a user of the site. If you believe this content may be in violation of the terms of use, you may report it.

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.

Thank you for Reading!

Please log in, or sign up for a new account and purchase a subscription to read or post comments.