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Divorce and selling the home in Ontario
In Ontario, the process of selling a home during a divorce can be complex and should be handled carefully. If the couple owns the home jointly, both spouses will need to agree on the terms of the sale, including the sale price and the division of the proceeds.
If the couple cannot agree on the terms of the sale, they may need to seek a court order to have the home sold. The court will consider factors such as the value of the home and the financial needs of each spouse in determining the terms of the sale.
Once the terms of the sale have been agreed upon or determined by the court, the couple can proceed with listing the home for sale. It is important to carefully review the listing agreement and to select a real estate agent who has experience handling the sale of homes during a divorce.
The proceeds from the sale of the home will be divided according to the terms of the divorce agreement or court order. It is important for both spouses to understand their rights and obligations regarding the division of the proceeds, and to seek legal advice if necessary.
In conclusion, the process of selling a home during a divorce in Ontario can be complex and should be handled carefully. It is important for both spouses to understand their rights and obligations, and to seek legal advice if necessary to ensure that the sale is handled fairly and in accordance with the law.
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