Divorce and selling/buying a home

[springsimmer]

STBXH are about to put our house on the market and go into mediation. This was always the plan even before we decided to separate .
All being well the house will sell, leaving enough to buy myself a small property and him to do the same.

I assume that as long as the asset split is agreed at mediation we can continue with the sale?

Following that, how realistic is it to be able to buy another property straight away? Do most people go into rental and 'regroup' for a period of time?
I would prefer to buy straight away but can't get my head around the logistics of the divorce being finalised.

You do need to be careful that the asset split you agree would be deemed ‘fair and reasonable’. You wouldn’t want to agree a split, which is then thought to be unfair to one party when it comes to getting your financial order signed off by the judge. Once you’ve declared your finances, it is wise to get legal advice before having it drafted. If you've a good idea of all assets eg pensions, equity, savings, shares and joint liabilities - you could have one consultation before mediation so you have realistic expectations of what the split should look like.

Thank you... I think what I'm clumsily trying to ask is if it the timetable of this makes it realsitc to buy another house or if I should look to rent in the short term.

Is renting short term a more sensible option ?

Either is possible

fir a logistics point of view in terms of chain the both you and ex buying immediately adds more complexity in ensuring the chains on all properties are in tact and complete conterminously

but it’s possible

some prefer that one or both parties rent for short time to avoid that

depends on
is asset split agreed in time
xan you achieve the above
Would you prefer head space to allow things to settle and you to then make longer term decisions in terms of housing
do you mind the upheaval of moving twice

no right or wrong answer