With almost 50% of American marriages ending in divorce, many people are looking for advice on how to sell a home during a divorce.
The home is one of the most valuable shared assets and cannot be divided without liquidating it first. Although divorce can be stressful and emotionally charged, remaining rational is essential. Divorces in a market where the housing bubble has not recovered from its burst present several challenges.
Determine If/When You Can Sell Your Home
Often, one spouse will keep the house after a divorce, buying out the other’s share. Alternatively, one spouse may use the house for a limited amount of time (typically when there are children in the house) and then sell it at a later date (usually when the children reach a certain age). Regardless of the situation at hand, be sure to understand all terms so you can play your cards right.
Establish a Timeline
Keeping a schedule in mind is essential when selling your home during a divorce in Charleston. You should list your home for sale as early as possible. Make sure you have firm closing dates, moving dates, and times, and decide which spouse will handle the sale (or speak to a real estate agent). All agreements should be in writing, and penalties for breaches should be negotiated in order to prevent surprises during the sale of a home.
Get Professional Help
In the midst of a divorce, there are a lot of things to consider. Therefore, you shouldn’t attempt to sell your home yourself. Disputes may arise with your spouse about the sale price or other issues. Working with a reputable agent or real estate investment firm will give you the benefit of having a third party who can help you determine a fair selling price and market your house.
However, it’s important to remember that working with a real estate agent entails waiting between 3-9 months to close a deal. If you need to sell my house fast in Charleston, you should consider contacting a home buyer who can buy your house as-is for cash.
We’re Your Trusted Home Buyers in Charleston, SC
Favor Home Solutions has your back if you’re looking for a quick and hassle-free alternative to selling your house!
Selling a marital home does not have to be as stressful as the divorce process. You can count on our team to help you navigate the process promptly so that you and your spouse can walk away from the sale without feeling stressed.
Our priority is to help you save time, avoid the hassle, and move on with your life. We’ll evaluate your house, make you a fair all-cash offer, and close the deal in record time. If you’re ready to sell your home during a divorce in Charleston, give us a call!