Current Nevada Law: Subject to Verification
The legal characterization of newly acquired property can depend on the circumstances and current law, and financing can be complicated if your name remains attached to the marital home's mortgage. Talk with your Nevada divorce attorney and your lender before shopping seriously.
You're separated.
You're living somewhere temporary.
You find a house that feels like exactly what you need.
The divorce is still pending.
Can you buy it?
There may be circumstances where someone purchases real estate while a divorce is pending, but this is not a situation to navigate by reading one blog and signing a contract.
Talk with your attorney, your lender, then Lisa
Talk with your Nevada divorce attorney.
Talk with your lender.
Then talk with Lisa.
The legal characterization of newly acquired property can depend on the circumstances and current law.
Financing can also be complicated if your name remains attached to the marital home's mortgage.
A lender may need to consider existing debts and obligations when determining whether you qualify for the new purchase.
This is why Lisa does not want you shopping seriously until you understand the financial framework.
Don't buy emotionally because the house represents escape
And once you're able to buy, she wants you to avoid another trap:
Buying emotionally because the house represents escape.
A new house after separation can feel incredibly powerful.
You walk through the front door and think:
“This is mine.”
Maybe it should be.
But Lisa still wants to know about the HVAC.
She still wants the inspection.
She still wants you to understand the HOA.
She still wants you to know what the property is worth.
She still wants you to notice that the beautiful flip does not include the refrigerator, washer, dryer or blinds.
Her buyer philosophy doesn't change because the purchase is emotional
Her buyer philosophy doesn't change because the purchase is emotional.
If anything, that's when it matters most.
Lisa has said that buyers sometimes fall in love with a property so quickly that she deliberately slows the process down and helps them return to rational analysis.
Important
Your fresh start should feel good. It should also be a good house. Before you shop seriously: Buying a Home After Divorce, Las Vegas Home Search, and Buyer Due-Diligence Center for the inspection, appraisal and property research side.
