The Real Estate Impact Of Divorce Togetherness

May 9, 2008

One little-known reason there are fewer active prospective homebuyers in today’s market is that couples are often still living together in the same residence after their divorce. One spouse cannot afford today’s home prices or qualify for a mortgage. "There is a whole new aspect of divorce that most couples never had to face before," said Janell Weinstein, a divorce attorney. "Many couples are forced to live under that same roof because they can’t afford to move on until their home gets sold. This can go on for months or years as the real estate market slows down."

Unfortunately, this situation can lead to more domestic violence and disputes about what the new low selling price should be. It can also spark controversy about rules regarding bringing dates home for overnights even after both parties are divorced, she said.

Posted in Things of Interest, Real Estate