You love your home. You love being there and being able to have friends over. You spent years decorating it, and it's the perfect place for you.
Knowing that your spouse wants to get a divorce makes it hard to know what's going to happen next. You don't want to lose your home because it's very special to you. Even if you divorce, you want to keep it.
Homes are often the most valuable possessions discussed in a divorce. With the potential to rise in value and with both parties potentially having a hand in paying for the property, it can be hard to know what to do. Do you sell it to make a profit to split? Do you put the home in your own name and buy out your spouse's portion?
The answer may not be easy to come across, especially if your spouse doesn't want to negotiate. If they want to keep the home as well, then you may both be fighting for it, which can create a complex and contentious situation.
Before you allow your home to cause a dispute, take a few steps
Before letting the situation get out of hand, it's a good idea to have the property assessed and appraised. You want to know how much it's worth, so you know what you need to come up with to negotiate with your spouse. For instance, if the home is worth $100,000 and you have $50,000 to offer to your spouse, they may be happy to take half and walk away. On the other hand, they may disagree and want to buy you out of the property, making the situation more complicated.
Your attorney can help you negotiate with your spouse and try different options to come up with an agreement you can be happy with. If you cannot negotiate or agree outside court, then your attorney will be there to help represent you in court.