Florida couples who are divorcing may find it wise to reassess how they deal with the home that they own. As part of the property division process, many elect to sell the home and share the proceeds. When they do, it's important that they decide if they can come to an amicable agreement and whether selling is actually in the best interest of both individuals.
Experts say that home sales rank only behind divorces in terms of stressful life events. In some cases, couples who can't agree on terms or leave their emotions out of their dealings with each other are advised to list their home with more than one agent so that the couple can choose the representation they feel is best. This kind of arrangement may also help to lessen disputes.
Alternatively, one party can choose to buy out the other one. Listings may also incorporate mechanisms like first right of refusal to leave estranged spouses with legal options in the event that they disagree over what constitutes an acceptable sale price. Experts also say it's vital to handle interpersonal issues between the divorcing couple before actually getting down to logistical factors, like mortgage payments, tax obligations and relocation.
Getting divorced can introduce new complications into managing property. For couples who don't agree on who should gain control over assets like family homes, selling may be an effective solution, but in contentious splits, making emotional decisions in order to get things over with could lead to unsatisfying results. Those who plan on ending their relationship may want to have their respective family law attorneys negotiate a property division settlement agreement.