Going through a divorce is very stressful whether children are involved or not. You should think carefully about your plans and weigh up the options when you need to sell a house during divorce. The decision about who gets to keep the house or make the final decision as to whether to sell or depends on several things and they certainly differ from couple to couple. Here are tips on selling a house after a divorce:
Use an Estate Agent
An estate agent is the best way to get the optimum price for your house if you have more time to sell. You should check our local house market to get the best agent and see how long property transactions take. Your agency should get your house good exposure especially if you live in an over-saturated area.
Look for the best reviews estate agency online and go for a sole agency sale since having multiple agency sales give confusing messages to the market. Ask your agent about the market and previous performance to know their capability. Don’t be tempted by “too good to be true pricing”, check the information if you are using an online estate agency. Think if you want to use the traditional approach or an online estate agency to sell your house.
Use an Attorney
A lot of couples struggle whether the separation is amicable or not. Reaching out to a real estate attorney is important to help you go through the necessary steps of selling a house. An experienced real estate lawyer will assist with the closing documents, which include the new deed in one name and procurement of title insurance. The lawyer will invite skilled agents to assess your property and give the actual value of your home.
He or she will help solve the misinformation that causes spouses to fight for believing that the house is worth much more than it is. They also help solve other barriers to settlements such as separate versus community property. By hiring a qualified real estate attorney both parties can make an educated decision on the division of property and therefore making the selling process quick.
Know Your Rights
You should vote to protect your rights to the property by understanding your rights. It is unlawful to sell, transfer or increase the mortgage without the other knowing. Check out the registration details in the land registry offices. If your name is not on the title deeds you can register in the land registry through a matrimonial home rights notice.
After registration, only a court order can force you to leave and you will be informed of any intention to sell by your ex-spouse. You can cover any mortgage payment Incase your ex-spouse stops paying and in the event of any action from the mortgage lender you will be notified. If you both own the property it is usually divided 50/50 or depending on your agreement.
Keep Your Cool
Going through a divorce is never fun for anyone, they can be ugly and messy. When you fail to put your emotions in check you might end up losing money in the long run.
Start by creating a plan and regularly communicate with your spouse. If necessary you can use a lawyer or a third party to enhance your communication. They will help you think straight and agree on the home’s value.