Going through a divorce is a lot of work and stress. And of all the things you have to worry about and figure out, all of your shared belongings might be near the bottom of the list. You are probably thinking about how to handle more critical aspects of the separation, such as child custody or who will keep the dog. Not to mention, you’re likely dealing with a lot of emotional elements, and in this emotional state, trying to figure out what to do with all your belongings can seem overwhelming.
However, as you go through the process, you’ll need to figure out who gets what. Unfortunately, this is a part of the divorce process, and in some cases, it can get messy. As you’re figuring out what to do with your various items, you’ll have to sort through everything, including the more considerable assets like your home, as well as less significant objects like furniture. If you’re wondering what the best approach for handling your shared items is during a divorce, this guide will offer a bit of assistance.
The Big Question: What Do You Do With The House?
The first issue to discuss is what to do with your home or any other property as you get divorced. For most couples, the property they own, most likely the house they live in, is their biggest asset. So, the home will likely be the item that requires the most negotiation and even legal consideration. It’s often wise to work with a lawyer or other professionals during this time to ensure that the split of the home or the profits from its shell are handled correctly.
But, before you deal with the legal side of things or agree to who will get what, you first have to decide which route to take with your home. There are a few options here.
What Can I Do With My Home During A Divorce?
First, one person could keep the home and live there. This option is common for people who have children as it can help them with the big translation if they have some aspects of their routine remain the same. On the other hand, you could sell the home. This option does have many benefits as well.
One of the benefits of selling your home after a divorce are that it’s often easier to split the assets this way. So, if the divorce isn’t as amicable, it might be best to ensure everyone gets their fair share in the separation.
Secondly, selling the home is often desirable if there are many emotional memories attached to the home. It can be challenging for people to stay living in a home filled with so many memories of the marriage. So, selling the house quickly can bring relief.
How Can I Sell My House Quickly During A Divorce?
Another central question when you’re selling your shared home during a divorce is how you actually go about selling it. While you could go the more traditional route of working with a realtor, this process can sometimes take months, if not longer. And, in some divorce situations, it’s best to sell the home as quickly as possible. In this case, one excellent option is to use the professionals at Light Street Residential. We buy houses fast and provide fair offers, so you can move forward with your life without worrying about your shared home.
What About Smaller Assets?
Figuring out what to do with your home during a divorce is often one of the more significant decisions, especially when it comes to belongings. It can be stressful to decide which route to take, but once you’ve got this big decision out of the way, you’ve still got to determine what to do with your other assets.
Some couples have more of these than others, but most people have to determine what to do with at least a few things, such as vehicles. You may have at least a couple of cars and perhaps some other vehicles, such as a boat or a trailer. Then, there’s the question of things like savings accounts, valuable art, expensive jewelry, and shared electronics.
Trying to divvy out all of these items can be stressful, so for these items, it may be best to work with an attorney or someone else who has experience with this process. If the divorce is amicable, you can likely work together to let the person who has the most attachment to these assets keep what they want. But, it’s also vital that the process is fair, and that one party doesn’t end up with substantially more than the other.
What To Do With Sentimental Objects
Finally, once you determine what you’re both going to do with your house and other critical assets, it will be time to separate out the other items. Some of these will just be regular household things like furniture or household supplies. But, the more complicated issue is sentimental objects, such as scrapbooks and keepsakes from family members. While many of these items aren’t worth any real money, they can be very hard to part with because of their emotional value.
In these situations, it’s important that both people get adequate support from family members and friends. Also, reach out to others who have gone through similar things; you can try online groups or find other resources in your area.
Assistance With Your Home During A Divorce
At Light Street Residential, we understand that divorce is a complicated process. Dealing with the sale of your home during a divorce is often very stressful, but we can make it a bit easier. We offer a simple three-step process to sell your home, so you can get this weight off your back and move forward with the next chapter of your life. Reach out today to learn more or to get a cash offer.