In the event of divorce, you have to ask yourself the question of the Adelaide Property Valuers purchased in common… What are your options? Do not panic, we will try to make the situation as simple as possible for you!
One of the first possible options is quite simply the redemption by one of the spouses, on the part of the other. Thus, whoever buys the other’s share becomes 100% owner of the property. This option requires that one of the spouses has the necessary funds to buy out the share of the other. In addition, to buy back the Adelaide Property Valuers while keeping the loan, it will be necessary to obtain from the bank a separation of the loan, if the latter had been made by two.
The bank will re-examine the file to find out if you can continue the reimbursements alone. They should not exceed 33% of your income. The new loan will then be put on the longest term so that the charge does not represent more than 33%.
The second possibility is to resell the property. This option is the most common during a separation. This allows both parties to repay their loan. On the other hand, when you repay your home loan before the end date of the latter, the bank may apply interest charges. These fees are negotiable when the loan is made, and may therefore vary.
In the case of a fairly “quick” resale of the Wikipedia property, things are more complex. The option of repurchase of the part of one by the other is possible, only as the loan will not have been repaid much yet, the part to be repurchased will be consequent. The second possibility, that of reselling the property, is much less simple here! Indeed, in such a short time, your investment will not yet have become “profitable” at the time of resale. Because even if you resell your property at the purchase price, then the notary fees, for example, will not be reimbursed…