Can I be forced to sell my house with children?

Yes, you can be forced to sell your house if you're a co-owner (like in a divorce or joint ownership) through a partition action, and courts can order sales for fair division, even with kids, though they consider children's best interests, sometimes postponing sales but rarely indefinitely, especially in divorce, with legal help crucial for navigating these situations. If children are on the deed as co-owners, they can initiate a forced sale, but proper estate planning (like a Lady Bird Deed) can prevent this.

What happens if one sibling wants to sell and the other doesn't?

You and the other sibling will retain an attorney to force the sale. As part of the court proceedings, you will be suing for costs which could ultimately leave the live-in sibling not only without any profit but potentially debt.

What happens when you break up and have a house together?

If you buy a house with someone and break up, you both still legally own it unless the title is changed, leading to options like one person buying the other out (refinancing/quitclaim deed), selling the house together, or, if you can't agree, filing a partition action to force a sale, which requires legal action and potentially expensive court battles, as neither person can act unilaterally. 

What happens when one person wants to sell the house and the other doesn't?

When one person wants to sell a jointly owned house and the other doesn't, it typically leads to negotiation, mediation, or a partition lawsuit (court-ordered sale) if agreement fails, with options like one owner buying out the other or exchanging equity for other assets being potential compromises, though a forced sale is common in divorce or disputes, with proceeds divided by ownership share. 

What is the best way to leave property to your children?

The best way to leave property to your children involves planning, with top methods being a Revocable Trust (avoids probate, offers control) or a Transfer-on-Death (TOD) Deed (simpler, avoids probate, but not in all states), alongside a Will for overall estate guidance; it's crucial to discuss options with an estate planning attorney to navigate tax implications and state laws for a smooth, legally sound transfer. 

Video Podcast: Can I Sell My House To My Child Below Fair Market Value? / Gift Of Equity

How to keep kids off your property?

1. Put up “No Trespassing” Sign & Warning Sign. ...
2. Install Motion Detection Surveillance Camera. ...
3. Talk to the Parents in Advance. ...
4. Good Fence Makes Good Deterrent. ...
5. Plant Natural Barriers. ...
6. Get Guard Dogs or Watch Dogs. ...
7. Install a Motion-Activated Sprinkler.

What is the 3-3-3 rule in real estate?

The "3-3-3 rule" in real estate isn't one single rule but refers to different guidelines for buyers, agents, and investors, often focusing on financial readiness or marketing habits, such as having 3 months' savings/mortgage cushion, evaluating 3 properties/years, or agents making 3 calls/notes/resources monthly to stay connected without being pushy. Another popular version is the 30/30/3 rule for buyers: less than 30% of income for mortgage, 30% of home value for down payment/closing costs, and max home price 3x annual income. 

Why is moving out the biggest mistake in a divorce?

Moving out during a divorce can be a significant mistake because it often harms your legal position on child custody, finances, and property division, as courts favor keeping the "status quo" and the parent living in the home seems more stable and involved. It can also lead to losing access to important documents, creating immediate financial strain with duplicate expenses, and potentially being seen as "abandoning" the family, complicating the entire case, though safety concerns are a valid exception. 

Can I refuse to sell my home to someone?

Fact-Checked

Rejecting a purchase offer on a home that's for sale is entirely legal as long as the seller refuses for the right reasons and with good intentions. Many reasons are legally acceptable, including offers below the asking price and concerns about the buyer's financial position.

What is the hardest month to sell a house?

The hardest months to sell a house are typically January, December, and October, due to cold weather, holiday distractions, post-holiday financial fatigue, and people waiting for spring for school schedules. January often sees the lowest activity, longest time on market, and lower prices, making winter the slowest season overall. 

What money can't be touched in a divorce?

Money that can't be touched in a divorce generally falls under separate property: assets owned before marriage, gifts or inheritances (to one spouse), and some post-separation earnings, but only if kept completely separate (not mixed with marital funds) and documented, often protected by prenuptial agreements. Commingling (mixing) separate funds with marital assets, or failing to document gifts/inheritances, can turn untouchable money into marital property subject to division. 

What is the 2 2 2 2 rule in marriage?

The 2-2-2 Rule in marriage is a relationship guideline to keep couples connected by scheduling regular, focused time together: a date night every two weeks, a weekend getaway every two months, and a week-long vacation every two years. It's designed to prevent couples from drifting apart by creating intentional, distraction-free moments for communication, fun, and intimacy, fostering a stronger bond and preventing boredom, though flexibility is key, especially with kids or finances. 

What are the four behaviors that cause 90% of all divorces?

Relationship researchers, including the Gottmans, have identified four powerful predictors of divorce: criticism, defensiveness, stonewalling, and contempt. These behaviors are sometimes called the “Four Horsemen” of relationships because of how destructive they are to marriages.

Can I force my sibling to sell a house?

If your mother made your sister a co-owner through the will, your sister may be able to initiate a partition action in court to force the sale of the house. A partition action is a legal process where one co-owner of a property requests the court to divide the property or force its sale.

What to do if ex doesn't want to sell house?

“Either you can negotiate with your spouse, or you go to court with your divorce attorney, and the judge will order the home sold.

Is it better to keep the house in a divorce?

If you own the home and are not paying a mortgage on the property, it could be worthwhile to keep the house. However, it might not have as much value or be able to gain as much value as other assets that are being split in the divorce.

How to decline someone trying to sell you something?

Thanks for your latest sales proposal. I appreciate the time you've taken to personalize it for our business. Still, it's not something we're interested in taking forward at this stage.

At what point is a house not worth fixing?

When It Costs Too Much to Repair. While the value of real estate property generally increases over time, there may be a point at which the costs of renovations and repairs outweigh the benefits. Economics professors caution individuals to do a “cost vs benefit analysis” before making any financial decisions.

Can you decide not to sell your house?

No one can force you to sell a home. But if you have already signed a contract with an agent and then changed your mind, you cannot sell the property for the time mentioned in the agreement. Yes, your property will be withdrawn from the listings, but that does not free you from the contract.

What is the 10-10-10 rule for divorce?

Lawyer: The 10/10 rule means at least 10 years of marriage during at least 10 years of military service creditable toward retirement eligibility. [2] You have to qualify for 10/10 rule compliance in order for the monthly payments to Julietta to come from the government, and not from you writing a monthly check to her.

Who loses more financially in a divorce?

Women generally lose more financially in a divorce due to career interruptions for childcare, the gender pay gap, and higher costs of living on a single income, often leading to significant drops in income, increased poverty risk, and struggles with housing and insurance, while men often see temporary drops but can recover faster, sometimes even improving their financial standing post-divorce, though they face costs like child/spousal support.
 

What is the biggest mistake during a divorce?

5 Biggest Mistakes You Must Avoid Making During Divorce

1. Waiting Too Long to File for Divorce. It's natural to want to wait to file for divorce. ...
2. Waiting Too Long to Hire an Attorney. ...
3. Moving Out of the Marital Home Too Soon. ...
4. Failing to Separate Finances Early. ...
5. Trying Too Hard to Avoid Litigation.

What salary do you need to make to afford a $400,000 house?

To afford a $400k house, you generally need an annual income between $90,000 and $135,000, though this varies by interest rates, down payment, and debt, with lenders often looking for housing costs under 28% of your gross income (28/36 rule). A lower income might suffice with a large down payment or higher interest, while more debt requires a higher income, potentially pushing the need to over $100k-$120k+ annually. 

What is Dave Ramsey's mortgage rule?

Dave Ramsey's core mortgage rule is to keep your total monthly housing payment (PITI: Principal, Interest, Taxes, Insurance + HOA/PMI) under 25% of your monthly take-home (net) pay, ideally with a 15-year fixed-rate mortgage, aiming for a larger down payment (20%+) to avoid PMI and pay debt faster, focusing on financial freedom over decades-long debt.
 

How long will $500,000 last using the 4% rule?

Your $500,000 can give you about $20,000 each year using the 4% rule, and it could last over 30 years. The Bureau of Labor Statistics shows retirees spend around $54,000 yearly. Smart investments can make your savings last longer.