Embarking on the path to homeownership after divorce is a transformative journey- one that holds both challenges and empowerment. With 24 years of real estate and development expertise and personal experience overcoming divorce, I am here to provide compassionate insights and practical advice to help you embrace independence, build confidence, and open a new chapter in your life through the purchase of your own new home and/or selling the family home.
First, you must acknowledge your emotions. Facing divorce is emotionally challenging. Recognize the mix of emotions, fear, uncertainty, and excitement all coming together while you work through the process of divorcing. As your Realtor, I offer guidance through the real estate process and if needed, can connect you with approved and vetted professionals for financial, mediation, legal advice and coaching or therapy.
Together, we will navigate this emotional time with a supportive network. I will be your partner, offering expert guidance and insights to empower your informed choice. In addition to my divorce professional team, I will include my real estate team of lenders, inspectors, designers and more to support your unique needs and help foster confidence in making one the biggest financial decisions.
Overcoming your financial fears is step two. Financial stability is a significant concern during and after divorce. You are not alone, and there are strategies to address these fears. We’ll establish a realistic budget, explore financing options, and prioritize your needs for a financially secure future that includes home ownership after divorce. My extensive network of lenders and financial planners provides unique insights tailored to the impact of divorce on your buying or selling position. Once your financial position is defined, we can move on to step three and set out helping you find and purchase a home post-divorce.
This new home will symbolize your newfound independence. The journey is an opportunity to create a space reflecting your personality as well as your needs. I know that one of the most exciting days for me was the day I closed on my home – by myself. Together, we’ll explore neighborhoods, and I will hone in on meeting your particular housing needs and wants. I’ll work with you to find the perfect fit, considering neighborhood, location to work, transportation, schools, restaurants, cafes, shopping, dog parks and other amenities to meet your specific needs– you name it I’ll help you find it.
Practical considerations for home ownership after divorce:
Know your finances. This sounds much easier than it often is while going through a divorce. Whether your divorce is amicable or complicated there will be important things you need to be in front of. What are your assets? If you are a double income family or a stay at home mom your income will likely be lower when you embark on a solo home purchase. Here are some simple steps to jump start the process and begin to consider:
1. Review your credit and know your assets.
2. Talk to a lender and get a pre-approval letter (this will require having a good deal of personal financial information to share with the lender).
3. Set a realistic timetable. You will likely need at minimum a temporary settlement in place and often a final settlement to purchase your home.
4. Finalize your divorce settlement – this will ensure there will be no unexpected expenses that will impact your ability to close on your new home.
5. Decide what to do with your family home. A sale if often the best option and the cleanest. There are other options (my ex bought me out but that was complicated…) understand your best option.
6. Ensure you are off the mortgage and the deed. Be sure the title of the marital home is settled.
I know first-hand that homeownership after divorce signifies freedom and liberation – a space to redefine and rediscover yourself. Having gone through a divorce myself, I understand its impact and importance. Let’s work together to ensure your home becomes a sanctuary fostering personal growth, independence, and freedom.
Embarking on homeownership post-divorce is a significant step toward reclaiming your independence and building a promising future. I am committed to turning your dreams into reality. Let’s make your new home a haven of empowerment, confidence and freedom marking the beginning of a new empowered chapter in your life.
