Divorce is never a fun topic to discuss. However, when it comes to where you’re going to live, you need to know what steps to take in order to accomplish your goals.
Looking to buy a Bay Area Home? Search all Bay Area homes for sale. Selling Your Bay Area Home? Use our home evaluation tool.
Looking to buy a Bay Area Home? Search all Bay Area homes for sale. Selling Your Bay Area Home? Use our home evaluation tool.
Our subject matter today isn’t the most fun thing to talk about, but it is necessary. After you go through a divorce, your mind eventually shifts to your living arrangements. You may be renting for now or you may not have even sold your shared home yet, but the time is going to come for you to purchase a new property. I’ve got some tips for you today on how to accomplish this task.
The first thing you need to do is check your budget. Your income has likely changed, or at least your shared income has. You may also have additional payments like alimony or child support to take care of now. This isn’t a bad thing, it’s just merely a reality check of your current situation.
Next, we need to get you in front of a lender to get a better picture of what your budget is. Once we know what that is, we can go out and help you start the home buying process.
Don’t buy a home as a kneejerk
reaction to your situation.
reaction to your situation.
Another thing we need to consider is that when you were married, you and your spouse were both probably listed on the mortgage. To protect your credit, it’s a good idea to remove yourself from the shared mortgage. In the eye of the mortgage holder you are still liable for missed or late payments if your name is on the mortgage.
The last thing we should consider is your emotional state. It’s going to take a lot of energy and emotion out of your system. Before starting the process, we have to make sure it’s the right time for you to be looking at buying another home. Don’t let buying a home be a kneejerk reaction; you need to plan your purchase and it might not be the right time.
If you have any questions for us or would like our help in finding a home, we are happy to help. All you’ve got to do is give me a call or send me an email. I look forward to hearing from you soon.
The last thing we should consider is your emotional state. It’s going to take a lot of energy and emotion out of your system. Before starting the process, we have to make sure it’s the right time for you to be looking at buying another home. Don’t let buying a home be a kneejerk reaction; you need to plan your purchase and it might not be the right time.
If you have any questions for us or would like our help in finding a home, we are happy to help. All you’ve got to do is give me a call or send me an email. I look forward to hearing from you soon.
