Tips for Purchasing a House After a Divorce

Divorce can have a significant impact on your financial state, and also result in a lot of upheaval in your personal life. You may, for example, need to find a new place to live after your divorce, but purchasing a new home can be easier said than done depending on your financial state.

If you’re at all considering buying a new house after a divorce, consider the following tips:

• Finalize the divorce first: Do not even begin to go through the process of looking for and putting offers in on houses until the ink is dry on your final divorce settlement or judgment. It’s important to hold off until then so you can account for any changes in your financial circumstances as a result of divorce-related issues, and so you can give yourself some time to analyze how your divorce affects your life after it’s finalized.
• Settle your previous living situation: Sell your old house before purchasing a new one. You may need to rent for a bit before you’re able to move into a new home, but it’s much wiser to take care of your previous living situation first, especially given you will have less wiggle room financially. Get the money you’re owed for your previous home before you go shopping.
• Consider your finances: Is it really a smart idea for you to purchase a house given your new financial state? Carefully consider your financial health and whether this is the best decision for you at this time.
• Consider your needs: What you’re looking for in a new house might differ significantly from what you had in your previous house. Will you have custody of your children? How much space do you need now? Is this an opportunity for you to relocate to be closer to work, or to move to another area you like more?

For more information about purchasing a house after a divorce, contact an experienced Long Island divorce lawyer process at Solutions Divorce Mediation.