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Navigating Divorce and Real Estate in Macomb County: Expert Advice from Top Local Realtor and Top Michigan Divorce & Child Custody Attorneys

Updated: Apr 16

Divorce and Real Estate in Macomb County

Getting divorced is a challenging time, and one of the most significant assets to consider is the marital home. Top Local Realtor Brett Knybel of Knybel Network - Real Estate and Akiva Goldman, Top Michigan Divorce & Child Custody Attorney of Goldman and Associates Law Firm, discuss the complexities of dividing the home during a divorce. This blog post summarizes their valuable insights, offering guidance for those facing this situation in Macomb County, MI and beyond.

 

The Importance of a Fair Home Valuation During Divorce

The need for an accurate and unbiased valuation of the marital home during divorce proceedings is critical.

Instead of relying solely on a real estate agent, I recommend each party obtain a private appraisal from a licensed real estate appraiser. These appraisals carry more weight than Broker Price Opinions (BPO) or Comparative Market Analysis (CMA) and can help ensure a fair division of assets. -Brett Knybel

In some cases, multiple appraisals may be necessary to establish a mutually agreeable value.


Treating the Home as a Commodity, Not an Emotion

One of the key takeaways from the video is the importance of viewing the house as a commodity during a divorce. Emotional attachments can cloud judgment and hinder the process of selling or dividing the property. It's crucial to approach the situation practically and focus on the financial implications.


Preparing the Marital Home for Sale During Divorce

If the decision is made to sell the home, proper preparation is essential. Brett Knybel advises sellers to address any deferred maintenance issues and ensure the house is presentable to potential buyers. Neglecting necessary repairs or failing to stage the home can deter buyers and potentially lower the sale price. The animosity sometimes present in divorce situations can negatively impact the sale of the house, so a professional and neutral approach is best.


Financial Implications and Red Flags in Divorce Home Sales

Failure to keep up with mortgage payments during a divorce can have serious consequences, including damaging credit scores and limiting future housing options. Brett Knybel highlights red flags such as missed mortgage payments and significant deferred maintenance, which can complicate the sale and potentially lead to financial losses. Negative social media posts or videos related to the property can also deter buyers, so discretion is advised.


Custody, Affordability, and Refinancing the Marital Home

In some cases, the parent who receives custody of the children may want to keep the house. However, affordability is a major factor. Refinancing the mortgage may be necessary, but this can be challenging, especially with fluctuating interest rates. Seeking professional financial advice is crucial in these situations.

 

Contact Knybel Network - Real Estate for Expert Real Estate Guidance During Divorce

Navigating the complexities of divorce and real estate in Macomb County requires expert guidance. Brett Knybel and Alex Klott of Knybel Network - Real Estate are experienced in assisting individuals and families in Macomb County with these challenging situations. If you are facing a divorce and need assistance with the sale or division of your home, contact us today at (586) 295-9550.


Contact Goldman and Associates for Expert Legal Guidance During Divorce

For legal advice related to divorce, contact Akiva Goldman at Goldman and Associates Law Firm at (248) 590-6600 or go to ChooseGoldman.com for more information!

 

Ready to sell your home during divorce?

Trust Knybel Network - Real Estate to guide you through the process smoothly and professionally.


Contact us today for a free confidential consultation!

Click below to get your free home value estimate or schedule a call with one of the best real estate agents near you.


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