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Dividing Real Estate In A West Virginia Divorce

Dividing real estate properties can be difficult when you are getting a divorce. These could include a jointly owned family home, a vacation property, a cabin, business properties, empty plots of land or even rental properties. Any assets that are marital property have to be divided in some fashion during a divorce. This issue can get very complex when considering ownership rights, valuations, changes to the real estate market and more.

At Lyne Ranson Law Offices, PLLC, we have experienced and passionate lawyers who will work with you every step of the way. Our dedicated and competent divorce attorneys can help you explore all of your legal options, such as dividing properties between the two of you, selling them and dividing the earnings, transferring ownership, continuing joint ownership after the divorce and the like. Trust us to help you find a solution at this time.

Your Main Four Options For Dividing Real Estate

Every divorce case is unique, but to demonstrate how real estate can be divided, there are four main options for a family home:

  1. Sell the home on the open market: After a third party purchases it, the spouses can then split the proceeds.
  2. Buy out your ex’s share – or sell yours: If one party wishes to keep the home, they must refinance the property into their own name.
  3. Trade other assets: One spouse can trade their interest in other valuable assets, like a retirement fund or business, for their spouse’s share of the home.
  4. Remain joint owners: This may be done to give the children a stable living situation or to allow the equity to accrue before a future sale.

These are just a few examples, but you can see how many options you have. With the help of our competent property division lawyers, you can determine what is best in your situation.

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