When a couple decide to divorce, much of our lives and our emotions are wrapped up in our homes that homeowners can damage one of their biggest assets while fighting over who should have done what. The DiMora Team are real estate experts in the Novi and Northville neighborhoods and while there are several divorce asset protection strategies, such as having a prenup, there’s actually another that’s relatively less costly in the short term: keeping the marital home in good standing so that both exes can reap its maximum value upon a sale. A house is one of the biggest assets that a married couple has and can provide a significant amount of money to each spouse once it’s sold in a divorce. Check out below to see what sold in Orchard Ridge Estates in February 2020:
23970 Harvest Drive, Novi: 3 bedrooms, 2.1 bathrooms, 2,124 sq. feet, 3 car garage, Sold Price: $387,500
Orchard Ridge Estates Home Sold
February 2020
Lenders say that divorce is one of the top five personal scenarios—life events beyond negative equity and rising interest rates—that can lead to foreclosure. Even if a divorced couple avoids foreclosure, they may get less out of a home sale than they’d like. For more information on Orchard Ridge Estates, or similar Northville or Novi neighborhoods such as Northville Colony Estates, Roma Ridge and Turtle Creek, contact The DiMora Team today at 248-505-7728 or jim@dimora.com.