Real estate markets across the country are experiencing an unexpected shift, but Florida is arguably seeing the worst of it. Many people miss the link between the temperature of the local real estate market and divorcing couples in the area, but when housing is more expensive, divorcees have far fewer options for living apart.

Here’s what to know about how Florida’s current housing crisis affects couples getting a divorce and how a veteran attorney can advocate for the best interests of your family.

You May Have Difficulty Selling the Marital Home

It’s important to do your due diligence before selling your home to determine what the average property value in your area is compared to the quality and features of your home. When the housing market shifts too far to one extreme though, this affects how much you can reasonably sell your home for in your area and how many potential buyers will make an offer.

If housing in your area is costly, you don’t want to set the price of your home too low, because that will immediately drive people away thinking that there is a defect in the property. But when housing is so expensive that people in your area can’t afford to buy, you will have a difficult time getting offers.

You May Not Have Enough Resources With 1 Income

Finding housing to rent with only one income is tough, especially in larger metropolitan areas where rent prices are in multiple thousands of dollars. Co-housing or living with a roommate can help with some of the costs associated with housing, but this is generally not a very desirable situation right after leaving an intimate marriage.

Legally Separating Might Not Be An Option

If living alone seems impossible, you might consider continuing to live with your spouse as a separated couple, not unlike two roommates. Although this can make your financial situation easier, continuing to live in the marital home together after separating can be emotionally challenging.

Contact Naples Family & Divorce Lawyer Kevyn Noonan Hayes, P.A.

Ending your marriage is difficult no matter what the housing market looks like when you decide to get a divorce. Call Attorney Hayes today at (239) 591-6248 to learn more about your legal options to divorce or separate from your spouse in Naples, Florida. Our team is available now to provide you with zealous legal advocacy.