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Should you sell your home while going through a divorce?

Should you sell your home while going through a divorce?

Assessment

Interactive Video

Health Sciences, Business, Social Studies, Biology

University

Practice Problem

Hard

Created by

Wayground Content

FREE Resource

The video discusses the challenges of selling a home during a divorce, featuring Kristen's personal story of financial struggle and the need to sell her family home. Real estate expert Bridget Potterton outlines three options for divorcing couples: keeping the home, buying out a spouse, or selling the home. She advises against selling a home 'as is' and highlights the importance of making updates to maximize profit. Kristen reflects on her journey and how she has adapted to a new life post-divorce.

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5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was Kristen's main concern after her divorce?

Providing for her children

Finding a new job

Moving to a new city

Starting a new business

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following is NOT an option for couples going through a divorce according to Bridget Potterton?

Buying out the spouse

Selling the home

Keeping the home together

Renting the home to a third party

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is a potential risk of keeping the home together after a divorce?

Higher maintenance costs

Difficulty in co-owning with an ex

Decreased property value

Increased property taxes

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why is it important to make updates to a home before selling, according to Bridget?

To increase the home's aesthetic appeal

To maximize financial returns

To ensure a quicker sale

To comply with legal requirements

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What benefit does hiring an expert provide when selling a home during a divorce?

They can negotiate better interest rates

They can offer legal advice

They can help find a new home

They have specialized knowledge in maximizing sale value

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