Selling a Home During a Divorce
Selling a property is not always easy – especially during a divorce. But at the end of the day, getting it done as quickly as possible and for a fair price means that you both can move and get on with your lives.
How Do You Decide On A Real Estate Agent?
A real estate agent must often serve as a mediator when selling a home during a divorce. Disagreements happen and emotions can run high, so finding an agent who is patient and skilled at communicating can ease a lot of stress.
It is important to understand that the Realtor you hire can make or break your sale.
If you are going through a divorce and need to sell your home,
please feel free to get in touch for a private consultation.
Going through a divorce is often an emotional roller coaster with lots of uncertainty and problems to sort out. Even the most amicable of divorces still involve legal and administrative matters that need to be taken care of. One of the most difficult things to do during a divorce is to sell your family home. Selling a house is not so straightforward as it involves several considerations. Whether settling a mortgage, refinancing, transferring to one partner, or putting it up for sale, financial, legal, and emotional factors could impact the sale of the family home – including how quickly it sells.
Selling a house before a divorce
There are no legal restrictions on selling a home prior to filing for divorce. Before you’ve filed, the transaction is exactly like it would be if you sold at any other point in your marriage. The benefit of selling before filing is you can both use the proceeds to find new living situations, pay off debts and hire attorneys.
Selling a house during a divorce
Once a spouse files for divorce, typically a Standard Family Law Restraining Order prohibits the sale of the family residence without a court order. Attempting to sell mid-divorce can be tedious and slow down your divorce proceedings, because of increased legal involvement and ongoing asset mediation.
Selling a house after a divorce
Waiting to sell until your divorce is finalized can make it trickier to divide the proceeds, since you’ll have to calculate how to split the equity earned since the divorce was finalized. And since you’ll both be responsible for paying the mortgage (and new housing costs) in the meantime, you may be more likely to fall delinquent.
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