1 Your 4 Options for the Marital Home
When divorcing, you have four basic options for handling the family home. Each has financial and emotional implications:
Option 1: Sell & Split Proceeds
The cleanest option. Sell the home, pay off the mortgage, split remaining equity per your agreement (usually 50/50).
Option 3: Deferred Sale
One spouse (usually with kids) stays in home until a trigger event (kids graduate, remarriage), then sell.
Option 4: Co-Ownership (Rare)
Both retain ownership, rent it out or take turns living there. Rarely works due to ongoing conflict potential.
What Do Most Divorcing Couples Choose?
Source: American Academy of Matrimonial Lawyers, 2024 Survey