1. Purchase your Ex-Spouse’s half of the House
The only way a buyout works is if you qualify for a new mortgage, or you have the money at
hand.
In reality, the amount you pay your ex-spouse does not have to be the exact amount of half
value of your home. What happens is that you will take the larger portion of the savings while
your spouse gets less than half the home price.
To find out the value of your home, it is best to contact a real estate professional to get an
accurate and recent price opinion. You can also pay an appraiser to value your home, but do
not rely on an online estimate to evaluate your home.