Tips for Selling Real Estate While Getting Divorced


The ending of a marriage presents a multitude of difficult questions that must be answered, chief among them being what happens to property accumulated during the marriage.  Whether it’s the family home or vacation properties, determining the best thing to do with real estate as a result of divorce can be complicated. 

If you and your former spouse decide that the best course of action is to sell the property and split the proceeds, it is important to choose the right legal representation for your case.  Finding a New York real estate attorney who specializes in sales of property, and who also has knowledge related to mediation and coaching is highly beneficial because there are many things that can go awry during a real estate transaction.  Making decisions when issues arise may be challenging, particularly where they may be an emotional attachment to the property or feelings relating to the divorce are still raw.    The sale of real estate during the course of a divorce involves careful consideration of the structure of the transaction as well as the impact upon each party in ending the marriage. 

There are several important decisions you will need to make about how to handle any property acquired during the marriage.  One individual may wish to stay in the family home, whereas the other hopes to sell it and divide the proceeds.  These are difficult issues that should be reviewed by a New York real estate attorney so that everyone is clear about their rights and responsibilities. 

Make sure you and your former spouse are clear about the benefits and downsides of going through with a transaction, and how any tax implications impact either one of you as a result of the sale.  Choosing an experienced New York real estate attorney who is also comfortable in dealing with the complex issues in your divorce case is a solid first step towards informed-decision making. 

Sabra Sasson, Esq has more than 17 years of experience as a New York real estate attorney and as a family and divorce mediator.  Contact the Firm at 646-472-7971 to discuss your situation in more detail.  


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