Going through a divorce is a stressful time for any couple. Things can get messy quickly, especially when dealing with finances and belongings that were purchased as a couple. This is especially true when it comes to a home. There are many factors to consider when selling a home during a divorce.
Divorce Is A Major Life Event And Selling A Home Complicates It Even More
The timing of your home sale due to a divorce does affect the outcome. If you are wanting to maximize what you receive from your home sale, you are encouraged to sell the home before the divorce is filed. However, if this is not your highest priority or just can’t be due to other circumstances you can sell a home during a divorce quite successfully.
Selling a home before your divorce prevents anyone from knowing your actual motivations. Selling a home after a divorce can outwardly distort your motivations and usually leaves just one spouse in control which can make things easier. The worst time to sell a home is during a divorce. But, if it needs to be that way, well, those things happen and there are some good solutions.
Selling The House Before The Divorce Is The Best Option
Because the divorce has not yet been filed there is no indication that a marriage dissolution is the cause of the home sale. Therefore, prospective buyers do not know how motivated you really are to see the home get sold.
If the economy you find yourself in favors sellers and your home is in great physical and decorative shape, you should not have too much to worry about. However, if the economy you find yourself in favors the buyer, then you will want to do all you can to sell the home before your divorce.
A half empty house is noticeable to most realtors and even most potential buyers who visit your home for a home showing. Half empty closets, few belongings, and such can be an indication to buyers that you are in a situation where you are desperate to get the house sold. This hinders your ability to get the best price for your home.
In the case where there are repairs, updates, and extensive cleaning, or landscaping that needs to be done before you put the house on the market, stress can be greatly increased. Neglecting to make repairs and updates can cause your house to not sell. A house that is not selling is expensive especially if you are trying to share a monthly mortgage while one or both of you are paying for another mortgage or rent.
If you are trying to sell quickly and do not want hassle of listing your home, home showings, inspections and more, consider contacting a professional home buyer who can give you cash for your home and close within as little as a week. Read more about why selling a house before the divorce is your best option here.
Selling Your Home After The Divorce Is The Second Best Option
Possibly one spouse was granted the house in the divorce leaving him or her alone to be the decision maker. This just always seems to make things easier. Or the divorce has been finalized with a remaining order to sell the home with the other spouse receiving some proceeds. Again, this works well because there should be less disagreements about the process.
Additionally, if a prospective buyer or agent sees the divorce, the fact the divorce has already been completed changes everything. Prospective buyers will not have an advantage knowing your motivation to sell. Divorce Magazine has some more information about selling your house after a divorce is final.
A Professional Cash Home Buyer Can Help You Sell Your Home Quickly In The Case Of Divorce.
Little Rock Property Buyers has a reputation for fair offers and fast closings. We buy houses as-is with no repairs, landscaping, or cleaning needed. You can even leave behind the things you do not want to keep, and we can help get rid of those things for you.
Selling a house quickly during a divorce situation can save you a lot of stress and lost money in having to pay a mortgage as well as rent. Selling quickly can also free both people up more quickly so they can qualify for a new mortgage as they get on with their lives. if the whole divorce situation has caused a foreclosure issue, we can help with that as well.
If checking with a professional home buyer like Little Rock Property Buyers interests you, we invite you to learn more about how the process works. Give us a call for a no-pressure cash offer on your home. You can reach us at 501-580-3035.