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Should I Fight for the Family Home?

Should I Fight for the Family Home?

For most, the family home is not only a sentimental asset, but it is also often one of the largest assets a couple has. As such, you will likely both try to fight for it. If you have children, they may provide even more motivation for why you wish to hang onto it. However, despite all the reasons you may have for fighting tooth and nail for the home, it might not be worth saving in the long run. Continue reading to find out more about why it is not always wise to keep the family home if you are getting divorced.

Understanding the Potential Consequences

You probably had dreams of buying a home and the prospect of losing it now is likely not an easy thought to cope with. However, for some keeping the family home is simply not practical. During your marriage, you were probably able to afford the mortgage and general upkeep on a two-person income. Now that your marriage is coming to an end, you might not be able to afford it and it may become a terrible financial burden. Instead of starting this new chapter in your life on a bad note, you may want to fight for assets that will put you in a better position.

In some cases, neither spouse can afford to keep the home on their own. Under these circumstances, the best approach is to sell the home and split the proceeds. On the other hand, if your spouse fights for the marital home, consider using this as leverage to fight for other assets that will ultimately benefit you more than keeping the home. That said, this option is not without its own complications. Oftentimes, spouses do not agree on the value of a home and, even with a certified appraisal, the only real way to know how much a home is worth is to sell it.

If you are unsure of the best course of action when it comes to fighting for or letting go of the family home, an experienced family law attorney can provide the advice you need to make the best choice for your situation.

Schedule a Consultation to Discuss the Details of Your Divorce with a Knowledgeable Attorney

If you are getting a divorce and wish to fight for the family home, you should consult with a divorce attorney before proceeding any further. At Rech Law, P.C., our family law team has served hundreds of families and individuals navigate the most challenging legal matters. You can rely on us to secure the best results for your case.

Call our law office today at (704) 659-0007 to set up a consultation.

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