Unfortunately, not all relationships last forever. Over the years, we have worked with a number of couples who were in the process of uncoupling. One of the hardest parts of ending a relationship when you own a home together can be figuring out what to do about the property you co-own. Even though the relationship did not work out, both people may still love the home and want to stay, but generally neither one can afford to buy the other out.
We recently assisted one such couple – David and Maria. They both loved their home so much that neither wanted to part with it. Maria believed the house’s floor plan and big backyard were perfect for the daycare business she wanted to start, and David loved his five minute commute to work. Since neither could afford to buy the other out, their divorce – and lives – were stalled. Maria’s attorney, a friend of ours, suggested the couple call and talk to us.
Before we met, we did a thorough review of all the homes for sale in their area. We determined a price range the couple could realistically expect to get for selling their home. We then found a two bedroom townhome in a great, small complex just seven minutes from David’s office. We also located two houses that could meet Maria’s criteria, but in an older, more affordable neighborhood.
When we met with David and Maria, we were able to put these ideas, and, specifically, these properties in front of them, and they agreed it was time to let us help them explore all their options, list their home, and move on with their lives.
Having worked with many clients in similar situations over the years, we understand it can be hard to let go of a home you love, but we are here to help!
Please give us a call to discuss how we might be able to help you or someone you know.