How To Decide Your Family Home’s Future In Salem, Massachusetts
Serving Clients Throughout the North Shore & Greater Boston Area
At Koiles Pratt Family Law Group, we have helped countless divorcees in Massachusetts decide the future of their marital homes. Without careful consideration, you could find yourself in a compromised position. Our qualified attorneys can evaluate your property division options and determine the decision that best matches your interests. Prior to attending your case assessment, it is a good idea to consider the following:
Financially Feasible Options
If you choose to keep the home, you must be able to afford the costs associated with home ownership, including:
- Mortgage payments, including qualifying for refinancing
- Utility bills
- Real estate taxes
- Maintenance, including repairs, landscaping and renovations
- Homeowners insurance
Also, If you choose to sell the home after the divorce, you may be required to pay capital gains taxes on your own. In contrast, selling the home as a co-owner will decrease the amount of taxes you will have to pay individually. You should also anticipate the costs of moving and legal, title and commission fees before deciding to sell the home.
How Selling Or Keeping The Home Affects Children
In addition to the financial considerations, the effect on your children may be a major factor in your decision. Selling a home may mean that your children have to change schools, move away from their friends and acclimate to a new city. However, keeping the home can reduce anxiety and offer stability during the transitional period.
Contact our experienced divorce attorneys to decide the future of your family home.
Hear From Our Clients
At Koiles Pratt Family Law Group, your satisfaction is our priority! See for yourself what our clients have to say about working with us.
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"Highly Recommend"I have referred numerous clients to the firm for help and have received glowing comments about their professionalism, abilities and caring.- Paul B.
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"Seamless"I would like to express my gratitude to the entire Koiles Pratt team for making a difficult process much easier than I had expected.- Eric D.
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"Highly Recommend"Koiles Pratt Family Law Group was very professional and helped me at every step in the process.- Joshua S.
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"Saved My Life!"Her expertise, professionalism, and compassion as a lawyer was amazing and i recommend her to anyone in need of a family lawyer!- K B.
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"Outstanding"Marc Eichler was responsive, PATIENT, and he was able to help my case successfully. I highly recommend.- Kate N.
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"Seamless Perfection"She was efficient, accurate and followed thru with all the details-seamless perfection!- Led L.