Should You Sell Your House Before Divorce or Wait?
Many questions arise about property division when couples are facing divorce, especially when the couple owns a home during the marriage. What should you do with it now that you are divorcing? Should you sell your house before divorce ? Should one spouse buy out the other? How do we decide which way is best? Selling Your House Before Divorce If you are in Chicago, it is a good time to sell your house. The current real estate market is pricing homes at an all-time high, and sellers can sell their homes for top dollar. If you decide to sell your house before your divorce is final, and you and your spouse cannot agree as to the division of the monies received once you have paid off all the necessary expenses like the realtor, the judge will require that the proceeds be placed in the care of one of the attorneys until the case is over. Many times, couples will wait until the divorce is finalized to sell the house, but it is not necessary to d...