Divorce is a difficult and emotional process, and it can be made even more challenging when you have to sell your home. If you’re considering selling a house during a divorce in Maine, there are several factors to consider, including property division and legal requirements. In this blog, we’ll discuss how to sell a house during a divorce in Maine, what to expect, and how the property is distributed. We’ll also provide helpful government links to assist you in navigating the process.
Selling a House During Divorce in Maine
Selling a house during a divorce in Maine can be a complex process, but there are steps you can take to make it smoother. Here’s what you need to know:
- Determine ownership of the property: The first step is to determine who owns the property. If the property is jointly owned, both spouses must agree to the sale.
- Agree on a listing price: Both spouses must agree on a listing price for the property. If they can’t agree, a real estate appraiser can be hired to determine the property’s value.
- Choose a real estate agent: Both spouses must agree on a real estate agent to handle the sale of the property.
- Sign the listing agreement: Both spouses must sign the listing agreement, which outlines the terms of the sale.
- Divide the proceeds: Once the property is sold, the proceeds will be divided according to the divorce settlement agreement or court order.
Property Division in Maine
Maine is an equitable distribution state, which means that property acquired during the marriage is divided fairly, but not necessarily equally, between the spouses. The court will consider several factors when dividing property, including the length of the marriage, the contributions of each spouse to the marriage, and the earning potential of each spouse.
Helpful Government Links
The Maine Judicial Branch provides helpful resources for individuals going through a divorce, including information on property division and the divorce process. The Maine Real Estate Commission provides information on real estate transactions and licensing requirements for real estate agents.
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