When it comes to real estate and divorce, there are several important factors to consider. One of the main issues that arises during divorce proceedings is the division of assets, including any shared real estate properties.

In many cases, couples going through a divorce will need to decide what to do with their marital home. There are a few options available:

1. Selling the property: This is a common choice when both parties agree that it is best to sell the house and split the proceeds. The sale can provide a clean break and allow each spouse to move on with their lives. It's important to work with a real estate agent or appraiser to determine the fair market value of the property before listing it for sale.
2. Buying out the other spouse: If one spouse wishes to keep the property, they may choose to buy out the other spouse's share. This involves determining the value of the home and negotiating a fair price for the buyout. The spouse who wants to keep the property will need to refinance the mortgage in their name alone.
3. Co-owning the property: In some cases, divorcing couples may choose to continue co-owning the property even after the divorce is finalized. This arrangement can be complex and requires a clear agreement on how expenses, repairs, and future sale of the property will be handled.

It's important to note that the laws regarding the division of assets in divorce cases vary by jurisdiction. Consulting with a divorce attorney is crucial to understand your rights and obligations. Additionally, it may be beneficial to seek the advice of a financial advisor or real estate professional to ensure you make informed decisions.

References:

• Smith, J. (2019). Real Estate and Divorce: What You Need to Know. Retrieved from https://www.investopedia.com/articles/personal-finance/050215/real-estate-and-divorce-what-you-need-know.asp
• Miller, L. (2018). Divorce and Real Estate: What You Need to Know. Retrieved from https://www.thebalance.com/divorce-and-real-estate-what-you-need-to-know-4162972