The spouse who is buying out the other, will pay a lump sum and incorporate any equity that has been accumulated over the marriage. The spouse who is taking over the home will need to apply for a refinance in only their name and go through the mortgage pre-approval process.

LOCATION - We usually cannot move a home! To quote the favorite phrase of appraisers, “Location, location, location!” The pricing of your home must reflect its location.

There are really two phases when it comes to preparing your home. The first phase is getting ready for the market and the second phase is getting ready for showings. Let’s start with the first phase, getting ready for the market, the best way to do this is to walk around your entire home with a notepad paying careful attention to everything.

The first step is to be sure you understand how the market conditions affect the price you choose. Markets change from city to city and from neighborhood to neighborhood, the value of your home is determined by supply and demand. If there are a lot of sellers and few buyers, prices tend to go down and homes take longer to sell, this is referred to as a “buyer’s market”.