Tips for Buying or Selling Property During Divorce

Couples divorcing today need to consider some of the income and tax consequences that may come from real estate transactions during a divorce.  Real Estate Divorce Specialist Robert Bailey-Lemansky estimates that about 70% of splits involve some form of real estate transaction.

With today’s market, a house can sit on the market for a long time or even sell at a loss. Being on the market longer can make the divorce proceedings last longer as well.

Bailey-Lemansky suggests fairly pricing the home and lowering the price in order to increase interest in the listed home. He also suggests trying to limit disagreements and schedule showings at times that are good for both parties.

Source: U.S. Politics Today