The end of a marriage can be difficult enough on its own, but there are unique challenges that come with a divorce involving real property. Whether you co-own a family home or some other property, your final divorce decree will have to take this large asset into account.
There are several real estate complications during divorce in Hartford that you should try to avoid. Unfortunately, some of these issues may result from the other party’s choices or actions. Let our dedicated property division attorneys help you avoid the following complications as you deal with your divorce.
Real estate often represents one of the largest assets in a divorce, and disagreements over value are common. One spouse may believe the home is worth significantly more or less than the other claims, especially if the market has shifted or one or both parties made improvements to the property during the marriage. These disputes can affect not only who keeps the property, but also the division of other assets.
One of the challenges in divorce cases involving real property is that the actual market value of the Hartford home could differ from the expectations of both spouses. It is important to rely on estimates and other evidence to get an honest picture of what a property might be worth.
Deciding who stays in the home during and after the divorce can quickly become a point of conflict. You may want to remain in the property for stability, especially if you have children, while your ex-partner may want the home sold or seek to move back in. Connecticut courts can issue temporary orders that address possession while the case is pending. These orders often consider a number of factors, including whether or not there are children in the home, to determine the appropriate living arrangement.
You should approach this issue with a clear understanding of your financial limits. Keeping the home is not always practical if you cannot afford the cost of the property. During a divorce that involves real estate, our Hartford attorneys can help you avoid difficulties by presenting a position that protects both your housing needs and long-term finances.
Real estate disputes during the breakdown of a marriage are rarely just about money. The home often carries emotional weight, which can make negotiations more difficult. You may feel attached to the property or view it as a symbol of stability, while the other party may approach it from a financial standpoint.
When emotions drive decision-making, disputes tend to escalate. By remaining calm and thinking rationally, this is one property-related complication that you may be able to avoid in your Hartford divorce case.
In an effort to sell the home as quickly as possible or save some money on a realtor, some divorcing couples rely on a friend or family member to help with the sale. The unfortunate reality is that relying on someone with whom one or both sides have a personal relationship can make things worse.
There is the potential for claims of bias or sabotage during the sale, especially if the property ends up getting less than expected. Discussing your divorce case with one of our Hartford attorneys can help you avoid such real estate complications.
These are only some of the real estate complications during divorce in Hartford that you should be aware of. The good news is that you do not have to deal with these challenges alone. Our attorneys understand how real estate can fit into the overall picture of your divorce decree. Contact us today to discover how we can simplify this process for you.
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