Member-only story
9 Things to Consider Before Buying a Home Post-Divorce
Buying a home after divorce can be a little more complicated than it was before or during marriage.
For a lot of parents, owning a home that our children can grow up and make memories in is a cherished dream. Divorce can change that. You might have to sell the family home, allow your ex to take over the payments, or in a worst-case scenario, let the bank foreclose on it.
This is why it makes sense that you might start thinking about buying your next home before you’re even officially divorced. It can be a long process to go from thinking about buying a home to moving into a home you can call your own. But before you make that leap, you should consider a few things to make sure you don’t get yourself into bigger financial trouble.
Take your time and think hard about the answers to the following questions to make sure you’re ready to buy your next home post-divorce.
Where are you in the divorce process?
This might be one of the most important questions. If you’re still legally married and working your way through the divorce process, it might be a bad idea to buy. Depending on your state’s laws, buying a home before you’re officially divorce may make that home…
