Speaking the truth can be so scary when a major shift happens in our life impacting our identity.

We open up and share our deepest emotions to the world with pride once we are engaged or married. But hide our deepest emotions when we separate or divorce.

I am at a point in my life where I can deeply relate to this. Speaking the truth about my unhappy marriage to myself and others have been one of the biggest fears of my life. It was a big part of my identity rooted in my beliefs and values about family and the meaning I gave to them. Fear of failing, fear of being judged, fear of disappointing, fear of hurting, fear of losing my purpose, my identity, my loved ones and fear of being alone weighed heavy on my shoulders and was too much to face.

It has been a quiet journey for me to see the power and meaning I have given to the word fear.

Fear has empowered me, challenged me, made me grow, made me cry, made me excited, made me connected but most importantly it opened up a world where I can truly be authentic, vulnerable and compassionate.

As human beings, we are the creators of our own realities. Aren’t we? Both marriage and separation are a celebration of a new beginning. so are mine!

Today, I give myself the permission to acknowledge and celebrate my truth, my courage, my authenticity and vulnerability for starting a new beginning as many times as I must.

We want you to know that you are not alone and we look forward to earn your trust to be your partner in making your divorce process easier by holding your hands. Here are some helpful information about divorce and real estate to make things a little easier for you:

1 – Your Home Value Assessment
You’ll need a bank appraisal, a letter of option by a local realtor or coming to the market. Of course, none of the mentioned assessment guarantees your home sale price until an actual written firm offer is accepted and your property is sold.

2 – Your Home Equity
The estimated market value at the time of your legal separation determines your home equity. Also, inheritance money invested in the property impacts the buy-out, real estate fees, and/or land transfer taxes on buying another property.

3 – Buy Out
You need to decide who can and will actually afford to buy the other out or whether you’d prefer to liquidate and divide the equity of the asset. Confirm with your mortgage broker or your bank that you will each qualify for a mortgage on your own.

4 – Interim Expenses
A line of credit and a joint interim account are great sources for managing up-front costs associated with the sale that you can divide these expenses out of the proceeds of the sale. Sometimes, one of the spouses pays these fees and the other gets less equity back. If you are limited in budget, certain fees such as legal, staging, repair etc can be paid when the house closes.

5 – Mediation
An approved mediator by both spouses could eliminate a big portion of your legal fees and facilitate open communication between you, the lawyers and the real estate team from finalizing division of the assets, pricing, selling, financing, separation agreement write up, divorce agreement etc.

6 – Housing
You may want to stay at your primary or secondary home, with family, rent a longer-term Airbnb, an executive furnished rental. And if no such option available, you may stay in separate rooms in the same house, or even have one move into the basement or separated space.

7 – Children
Bird nesting seems to be a more common alternative for divorced families with younger kids when the kids stay in the marital home and the parents come and go when it is their allocated time with the children.

Let us work for you. We listen, ask a lot of questions about your needs, answer to any concerns you might have and give you the right advice when it comes housing, finances, legal support and so on.

If you have any questions or you need a real estate advice, don’t hesitate to contact us at 416-832-9292 or visit us at mitramovesyou.com.