If you own your home, one of the biggest points of contention you are likely to face—outside of the custody of children—is who, if anyone, will get to keep the house.
You will get to keep the house.
Truth: You may not be the one who gets the house. In some cases the home must be sold in order to accurately divide assets among the two parties.
You may want to keep your family home. You may have strong ties to the community. But before you make this decision entirely on emotion, ask yourself the following questions:
Is the home in good condition or does it need repair?
Will you be able to afford the payments?
Is the neighborhood safe?
Is it convenient to your place of employment?
What would the outcome be if you did sell the home?
Would selling provide a greater advantage than keeping the home?
Again, dividing assets can be a tedious part of the divorce process. While you may be able to make this decision as a couple, you should have someone advise you who is able to ensure the division is fair and beneficial when it comes to both the assets and the liabilities (debts) involved.
For an objective perspective on your division of property and your desire to keep your family home, please contact our office to schedule a consultation.
To schedule a consultation, call us today at (713) 974-1151 or visit me on the web at busby-lee.com
ABOUT THE AUTHOR
Michael Busby Jr. is a Divorce, Family Law, & Houston Divorce Lawyer, who practices in Harris County Texas and the counties that surround Harris County, Texas. He has been in practice for over 11 years and has tried over 100 cases. He is familiar with the policy and procedures of the Harris County Texas Divorce Courts. Our office is open until 8:30 p.m. on Wednesdays and Saturday from 9 a.m. to 1 p.m. for working folks.
Michael Busby Jr.
2909 Hillcroft Suite 350
Houston, Texas 77057
Visit me on the web at www.busby-lee.com