Divorce and real estate: This is how couples divide their home fairly

Divorce and real estate: This is how couples divide their home fairly

According to a report by www.stern.de,

A house or apartment can become a problem during a divorce. Especially if there is no prenuptial agreement, many questions arise: Who keeps the house, who has to pay out to whom and how will the property be divided between the spouses?

According to Marco-Percy Teitzel, a construction financing expert at Dr. Small, clarifying ownership in the event of a divorce is difficult because the house cannot simply be split down the middle. Couples should therefore use the time apart to discuss together what should happen to the shared house. A legal dispute in court is associated with high costs and is not pleasant for anyone.

In the event of a divorce involving a house or condominium, the ownership structure must first be clarified. Couples who do not have a marriage contract automatically live in an accrued community. This means that the assets acquired during the marriage are divided fairly between the spouses in the event of a divorce, a process known as accrued equalization.

The information from the article makes it clear that there are many legal and financial issues to be clarified in a divorce involving real estate. This could have an impact on the property market as couples could be forced to part with their properties. Additionally, demand for real estate listings and sales may be influenced by divorced couples, which may create some imbalance in the real estate market. This could cause prices to fluctuate in some areas depending on how many divorced couples are forced to sell their properties.