Whenever a married couple divorces, the property they owned together have to be divided amongst them. The family home is one such asset that needs to be dealt with during property division. And this asset is one close to both spouse’s hearts in most cases.
In Florida, the division must be in a fair manner as it is an equitable distribution state. The family home is either kept by one spouse while the other gets to keep a similarly valuable asset. Or the house is sold off, and the proceeds are divided amongst the two in a fair manner.
Although it may appear simple, that is not the case in many instances. When it comes to selling off your family home, it can be a bit hard to part ways with it. That is another tough part of a divorce.
And also, the valuation of your house might not be up to your expectations. You might have many significant parts of your home that you value immensely and would pay a lot for. But not everyone appreciates the same things. So another homeowner might not see it worth the same price that you do. These valuations are usually done in comparison with other properties in the area. Also, the assessment can also vary depending on the person who does it.
Your attorney can tell you how to make the most out of the given situation. Make sure that your rights and best interests are protected during the property division.
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