Lake Elmo · Divorce Sale
Selling a Lake Elmo Property During a Divorce
A calm, neutral sale when two owners need to agree, with the same information shared with both of you.
A fair sale in Lake Elmo
Acreage and custom homes are hard to value, which can add tension to an already hard time. I'm Lesley, a REALTOR® with Bridge Realty.
How do you value acreage in a divorce? With recent sales of similar properties, adjusted for land, outbuildings, and condition. Because few properties are alike, many couples also order an independent appraisal so the value is not in dispute.
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Records both owners should gather
A septic inspection, a well test, and boundary information take time to obtain. Deciding early who orders them and who pays keeps the sale from stalling later.
When the property takes longer to sell
Unusual properties can take longer to find the right buyer. We recommend you agree in advance on who maintains the land and pays the costs during that time, and on when you would review the price.
How we stay neutral and work with your attorneys is explained on our selling a home during divorce page. You can also request a value report for your Lake Elmo home, read about selling in Lake Elmo, or visit our Lake Elmo page.
How property is divided is a legal question for your attorney or mediator. When you are ready, send us a message or call (651) 661-4770. Either owner can contact us.
Frequently Asked Questions
Should we get an appraisal for a divorce?
For acreage or an unusual home, it is often worth it. Your attorneys can advise you.
Who maintains the property while it is for sale?
That is for the two of you to agree on. Settling it before listing prevents conflict.
Lake Elmo
What divorce sale looks like in Lake Elmo
Lake Elmo is a Washington County city between Highway 36 and Interstate 94 that still looks rural, with the 2,165-acre Lake Elmo Park Reserve at its center.
Lake Elmo keeps much of its farmland and open space, which is why its homes and lots are unlike those in the suburbs around it.
- The homes
- Homes on acreage, some with a private well and septic system, alongside newer neighborhoods with city utilities and associations.
- Getting around
- Interstate 94 along the south edge leads to St. Paul and Minneapolis, and Highway 36 along the north edge leads to Stillwater.
- Nearby
- Lake Elmo Park Reserve, a small historic downtown, and Lake Elmo Airport.
- The trade-off
- Acreage brings a well, a septic system, and more land to maintain.
The method
How we do it in Lake Elmo
Divorce Sale: keep exploring
Ready to make your move with Lesley The Realtor?