You need to know that when going through a divorce, you have options with the marital home.
One person buys out the other’s share of the house.
One of you may want to retain sole ownership of the marital home without the upheaval of moving out of comfortable surroundings. If either spouse decides to keep the home for themselves, both parties must determine how to handle future mortgage responsibilities and any equity in the property.
A buyout works only if you've got the cash on hand to fund it, or if you can qualify for a new mortgage.
While there is value to staying in the home to provide continuity, it's important to be realistic about what you can actually afford. If you can't cover the mortgage, property taxes, maintenance and other expenses on your own, you may end up in serious financial trouble after your divorce.
Sell the house now and divide up the profits.
You can sell and split the proceeds of the marital properties. You may not owe federal tax on your post-divorce home sale profit if you meet these rules:
• Your profit it doesn't exceed $250,000 (filing single).
• The home was your principal residence for two of the past five years.
• You haven't used the home-sale profit exclusion in the past two years.