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How Is Tampa’s Changing Housing Market Affecting Divorce?

Posted On: July 17, 2022

Like the rest of Florida, Tampa is experiencing significant changes in the local real estate market. Both rental housing and real estate for purchase are increasing in price, making it more difficult for couples who are interested in getting a divorce to actually separate from a logistical standpoint.

Below, explore some of the challenges you might face when getting a divorce in a volatile estate and market and how a Tampa divorce attorney can provide you with the legal assistance you need to navigate through the difficult process of dissolving your marriage.

Living Independently Is Difficult On a Single Income 

Most people become accustomed to their style of living while they are married, making it hard to transition to a different style of living supported by only one income. As housing costs continue to rise, more Florida residents are finding it nearly impossible to even rent a place with only one average income. 

Living with roommates or another type of co-housing situation after being married is less than ideal, even if financially it’s the only way to establish independent living after separating from your spouse.

You May Have Trouble Selling Your Housing

You may have a hard time finding a willing buyer in a volatile housing market where sellers are deeply overcharging and the cost of real estate has all but become unaffordable. It’s customary to price your home similarly to other properties in your area, so your initial asking price could be quite a bit higher then you originally anticipated.

Pricing your home significantly lower then loaded local prices could make potential buyers thanks there is something inherently wrong with your property or that there’s some kind of catch with the transaction. This makes it difficult to sell your home in a reasonable period of time when you get a divorce.

Maintaining a Residence Together May Be Impossible 

If your finances or the needs of your child prevent you and your spouse from easily securing an alternative living situation, one option may be to continue living together in the marital home as separate individuals.

Housing

Call a Tampa, Florida Divorce & Family Lawyer Today 

Divorcing under any circumstances is something you shouldn’t have to do alone. Attorney Shazia Sparkman has the extensive skills and experience needed to provide you with comprehensive, zealous family legal representation. Call today to schedule your consultation at (813) 374-2000.

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Tampa, FL 33609
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P: 813-374-2000
F: 813-374-2031

313 South Bungalow Park Avenue
Tampa,FL33609
Phone
813-374-2000
Fax
813-374-2031