Getting a divorce is a stressful, demanding, and complicated time where emotional decisions are made on a daily basis.

Both sides have to adjust to different incomes, different expenses, and different lifestyles. Deciding real estate matters during divorce is a mountain that both sides have to climb and conquer. Kudos if agreements can be made amicably. Maintaining a large home on one income might not be possible now, so downsizing may be the best alternative. Also, if credit has been scarred, it might make sense to rent so that credit scores can heal prior to another home purchase.

It’s still a good time to meet with your financial planner. Learn how the income shift will affect your retirement. If you will be netting a sizable profit from the sale of your home, get advice on how to best use your money. Find out if it will be better to pay down debt, or use your profit to make a large down payment on a smaller home, making your monthly household expenses more manageable.

As top Alexandria VA area real estate agents, we've also helped couples with their real estate needs while going through a divorce.  Put our experience to work for you.