Skip to main content
(866) 465-5395 Schedule a Consultation (866) 465-5395 Schedule a Consultation

Five Things You Should Consider When Deciding to Keep the House

| |

For many Pennsylvania families, the biggest household asset is the actual home. But, a home has more than monetary value; a home also has emotional value. It is the place where your son took his first steps and your daughter got ready for prom. If your house is the only home your children have ever known, it may be hard to move, especially after the turmoil of a divorce.

But, there are also good reasons to consider selling the home. If your marriage or divorce was traumatic, keeping the home can make it hard to move on. And, it can be extremely expensive to maintain a house on one income,

Here are five things to consider before deciding to keep or sell your marital home:

  1. Your home’s current value:  Home values in Philadelphia were affected by the housing market crash. Your house may be worth less than the amount owed on your mortgage. If this is the case, you could end up owing money even after your home is sold. You should know the current value of your home and the likelihood that it will sell before you make your decision.
  2. Your income. Do you earn enough to pay home’s mortgage as well as bills, utilities, and upkeep on a single income? What would you have to sacrifice in order to keep the house?
  3. Your children. How old are your children? Are your children emotionally attached to their current home and school system? Would you be able to find a more affordable home or apartment in the same area?
  4. Your emotions. Why do you want to keep (or sell) the house? Is the home associated with happy memories or are you holding on to a past that no longer exists? Your reasons are ok, but you should understand your attachment to the home.
  5. Your household needs. Will the home still meet your family’s needs? If the children are only with you part of the time, you may want to consider a smaller place. If you are starting a home-based business, you may need to move to a house with room for an office.

The Philadelphia divorce attorneys at Petrelli Previtera understand both the practical and emotional concerns involved when deciding whether to keep the marital home after a divorce. We can help you work through this and any other issues regarding the division of marital property. To schedule an appointment, contact Petrelli Previtera at 866-465-5395.

Client Testimonials

They are amazing! I highly recommend anyone that is in need of assistance with child support hearings to seek out the expertise and experience of this law firm and staff! They handled my case quickly and I feel that my money was put to good use. Much appreciated! Nothing less than five stars!

Alana Deverson

I just want to say GREAT JOB! She is a no nonsense professional with years of experience that qualifies her as a skilled Family Law attorney. She is seasoned, sensitive, and most of all she cares. She made things easy for me. Definitely recommend!

Kimberly Colby

Overall I was pleased with the results of my divorce case. The entire Petrelli Previtera team truly cares about their clients. Luckily for me, I was paired up with an amazing team helping all the way. If you happen to work with this firm and with the lawyers you’ll be in great hands. It was such an excellent service and it was beyond I expected.

A Family Law Client Chevy Chase , MD

Serving Clients at the Following Locations

Bethesda4800 Hampden Lane, Suite 200 Bethesda MD 20814(301) 234-7409view details
Maryland5425 Wisconsin Ave Chevy Chase, MD 20815(301) 889-8085view details
ChicagoTwo Prudential Plaza 180 North Stetson Suite 3500 Chicago, IL 60601(312) 252-2085view details
Schaumburg1750 E. Golf Rd, Suite 382 Schaumburg, IL 60173(630) 491-9670view details
Texas500 W 2nd St Suite 1900 Austin, TX 78701(512) 883-1684view details
Washington DC1717 K Street NW, Suite 900 Washington DC 20006(202) 519-0366view details
Denver7900 E. Union Ave. Suite 1100, Denver, CO 80237(720) 821-6440view details
Princeton475 Wall St, Suite 214, Princeton, NJ 08540(609) 917 9560view details
Linwood210 New Road #15 Linwood, NJ 08221(609) 375-0351view details
Parsippany8 Campus Dr, Parsippany, NJ 07054(973) 310-5320view details
Philadelphia1845 Walnut Street 19th Floor Philadelphia, PA 19103(215) 523-6900view details
Montgomery County516 DeKalb Street Suite C Norristown, PA 19401(610) 924-2870view details
Doylestown123 N Broad Street, Doylestown, PA 18901(267) 938-4480view details
Abington1147 Easton Road, Abington PA 19001(610) 890-4833view details
West Chester203 W. Chestnut St., Suite 204
West Chester, PA. 19380
(610) 431-4012view details
schedule a consultation Today
Contact Us Fill out the form or call us today (866) 465-5395