It will depend on what stage of the divorce you are in, if there are attorneys involved or not and what the divorce decrease specifies. If there is a written agreement to split proceeds 50/50 then it should be a fairly straight forward sale but you should talk to a local realtor(s) to get valuation and get in agreement on sale price, terms etc. A seasoned agent familiar with divorce sales should be able to walk you through the process and offer solutions.
I am truly sorry you are going through this. However, the good news is you are agreeable about selling and splitting the profit. Next step is to agree on a Realtor to help you and professionally guide you on listing price and any items you need to do to get top dollar. I would advise putting together a list of "getting house ready to sell" items. Agree on who will do these "to do" tasks or if you are hiring out help and splitting the cost. Deciding on how to agree on listing price, what you are willing to accept for actual sales price, buyer negations and closing date upfront can help ease the stress of the sale. All the best to both of you.
Get with a trusted local agent, be sure to share the timeline of the divorce, if it is not finalized. If the divorce is finalized, it should be a fairly smooth process.
It’s not uncommon for multiple siblings to own a property, usually because they inherited a childhood home or vacation house when their parents passed away. Joint ownership has several benefits, especially if each sibling wants to keep the home in the family’s possession.
However, there are some additional financial and legal consideration