Ryan Edwards

More information needed and It depends on how you are buying the home, primary residence or investment property. You can also be a cosigner and/or gift funds to your kids and they purchase as their primary residence. Definitely talk to your lender about options and the best way to accomplish this purchase.

It will depend on what stage of the divorce you are in, if there are attorneys involved or not and what the divorce decrease specifies. If there is a written agreement to split proceeds 50/50 then it should be a fairly straight forward sale but you should talk to a local realtor(s) to get valuation and get in agreement on sale price, terms etc. A seasoned agent familiar with divorce sales should be able to walk you through the process and offer solutions.

If you are referring to Capital Gains Tax, It Depends on what your purchase price was, if this is your primary residence or an investment property and if you qualify for capital gain exclusions (Primary Residence Only). You definitely should consult your tax advisor and possibly a real estate attorney though. Most seasoned realtors will be able to walk you through the calculations and/or exemptions, but we will always give the disclaimer that were are not attorneys or accounts and to consult those licensed professionals.

Hi Gill, pricing strategy is very much an art as much as it is a science. Find out what the average market time (days on market) is for home like yours in your area. if you price your home at what would be considered market value for the area given the size, location, bed/bath count and condition (upgrades, differed maintenance, original but clean, etc), then you should expect to sit on the market for whatever that average days on market it. Most realtors should make line item adjustment to the comparable sales and listings to determine the most probable market value of your home. From there you should find out, on average, are home selling for above or less than list price and factor that into your pricing strategy. You can still create a hot seller market for your home using the right pricing/marketing strategy if a faster than average days on market sale is what you are looking for, it will just have to be compelling enough for the buyers in the market to realize and react quickly. if you are ok with sitting on the market for what would be the average days on market for your area, then market value pricing might be ok for you. Definitely contact a local realtor that is active in the current market as changes have occurred and you will want someone that knows what adjustments to make to properly position you in the current market conditions.