The process of divorce is hard enough as it is, but one pivotal move can save you both stress and money. Recently, I had a client who purchased the marital home from her husband at an agreed to price, she did so without the customary inspection that occurs with any real estate purchase transaction; divorce should be no exception.It wasn’t until my client put her property on the market and the buyer did an inspection, that vital information on the property history was revealed. Not only had a class action lawsuit been issued against the manufacturer of her roof, the property had also depreciated in value. This meant that she had overpaid her husband for the property and was facing costly roofing repairs.
My client believed that since she’d been living in the home prior to the divorce, there would be no inspection issues.
Should you be considering purchasing the martial home, inspections are a quick, relatively inexpensive, yet essential way to protect yourself and your investment.
Joan Rogliano has been practicing real estate for 25 years. She is a Certified Luxury Home Marketing Specialist and a Certified Real Estate Divorce Specialist.
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