He's buying me out of our house

[Ducksinarow1987]

What do I need to know/ do/ read/ prepare? Any help appreciated. This has been a long time coming

He needs to get 3 valuations and you take an average of that.

Yes he's done that and it looks like there's an average of 100k equity in the house. I need to negotiate slightly higher that 50% if that's possible as I have moving costs, and I'm assuming he will keep white goods and most of our furniture and I will start again.

I could be wrong but I believe that is a decision between the two of you as opposed to anything legal. I remember having to value things in the home and you give a value of what it would sell now as opposed to what a brand new thing would cost. The values will be really low. By moving costs do you mean legal fees?

I'm in a middle of this as well We've joint tenants so will be 50-50% split, and then we've agreed to go through all the valuables in the house who gets what. Or compensation. Not done that yet. Agree it will cost me a lot (stamp duty in a new house, moving fees, not to mention how high mortgage prices are now!)

@User8907 my gosh I know. I literally will put everything I have into my new home with mortgage and bills. It's going to be very tight but I don't see an alternative

"You're assuming" - why's that? Intimidated by the ex? Want to start over with a clean slate? If funding is as tight as you say that may be an issue in terms of valuations. Maybe best to split furnishings 50:50 as well, taking turns choosing.

@GrumpyPanda sounds like a plan. If I won't get full price on new things then I need to take half

It gets really petty. My oh took two wine glasses two plates two bowls etc even though they were all from matching sets. Even one pillow case from duvet sets. In the end I was just, whatever you carry on

@Greensleevevssnotnose yes I imagine it will. Annoying though as I earn about a third of what he does and I need to set up a secure home for our son

Then I would say you should be looking for a higher % of the equity if you are main carer.

Have you had any legal advice? Are you married? If you're the lower earner, with higher caring responsibilities, there is not alway a 50/50 split and it can be more towards the lower earner.

I've not had any legal advice yet and we are not married

I have a feeling that if I go for the 'main carer' argument he would suggest we share parenting responsibilities more equally, to avoid paying more