Divorce can be a challenging time for couples, especially when it comes to dividing assets, including a family home. If you’re going through a divorce in Vermont and need to sell your house, there are important things to keep in mind. In this blog post, we’ll discuss how to sell a house during a divorce in Vermont, what to expect, and how the property is distributed, including helpful government links.
How to Sell a House During Divorce in Vermont
- Determine who owns the property: Before you can sell your house, it’s essential to determine who owns the property. If you and your spouse own the home jointly, you’ll need to agree on the terms of the sale.
- Decide how to sell the property: You and your spouse will need to decide how to sell the property. You can choose to sell the home through a traditional sale, auction, or sell it to a real estate investor.
- Hire a real estate agent: A licensed real estate agent can help you list and market the property, provide advice on pricing, and handle negotiations.
- Split the proceeds: After the sale of the property, the proceeds will need to be divided between you and your spouse according to your divorce agreement.
Property Distribution During Divorce in Vermont
In Vermont, property division during a divorce is based on “equitable distribution.” This means that property is divided fairly but not necessarily equally. The court considers several factors when dividing property, including each spouse’s income, the duration of the marriage, and the contribution of each spouse to the acquisition of the property.
Helpful Government Links
If you’re going through a divorce in Vermont and need to sell your house, there are several government links that may be helpful:
- Vermont Judiciary – Family Division: https://www.vermontjudiciary.org/family/family-division
- Vermont Bar Association – Family Law Section: https://www.vtbar.org/For-the-Public/Family-Law-Section
- Vermont Department of Taxes – Property Transfer Tax: https://tax.vermont.gov/property-owners/property-transfer-tax
Sell My House Fast with Favor Home Solutions
At Favor Home Solutions, we understand how complicated it can be to sell a property during a divorce. With us, selling your home is simple, stress-free, and straightforward. Our service is free of hidden fees or extra charges – we’ve got you covered! With our fair cash offer, you can start a new chapter in your life as soon as 14 days from now. Get in touch with us today!
