Divorce & Needing to Sell House
Divorce & needing to sell house. As financially and emotionally draining a divorce may be, you still have to make many hard decisions as a couple before you can move on with your lives. Like many other divorcing couples, you may decide to sell the home.
Here are some tips to help you sell the home quickly and profitably despite the stress of the divorce.
Don’t Be in a Hurry to Move
Moving out too soon can be a mistake. If both spouses move out, the house is left empty, making it unattractive to potential buyers. At least one spouse should continue living in the home or plan to have the house staged. Using your own furniture is more affordable than spending thousands renting furniture to stage an empty home.
Having one spouse live in the home helps save on additional expenses. A divorce can be expensive. Every little thing you do can help keep cost down.
Work with an Experienced Agent
A qualified, experienced real estate agent makes the process of selling a home a lot easier. In this case, you want an agent who has experience working with divorcing couples and is familiar with the unique challenges of this situation.
Find an agent that can also serve as a mediator. Divorcing spouses often approach negotiations with fear, anger and mistrust. You want an impartial agent that you both trust. In addition to technical skills, the agent should have the soft skills and diplomacy needed to handle emotionally volatile conversations.
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Agree on the Asking Price and Scheduling before Listing the Home
Agree on all the key points before listing the home to avoid conflicts down the road. Some of the questions you should address include:
- What is the minimum acceptable offer
- Which spouse will continue living in the home
- How will costs such as repair, maintenance, updating, and staging among others be handled
- Who will handle the day-to-day marketing of the home
- Is the spouse who continues staying in the house allowed to autonomously handle viewing appointments
- What are the responsibilities of each spouse in the sale of the home
- Selecting your agent and how will the selling fees be handled
- Pricing strategy
- Talk about any tax implications
- Will the residing spouse accommodate last-minute showing requests and what are off-limits times for viewing appointments
The home is probably your biggest financial asset. Emotions tend to run high, especially when one spouse still has an attachment to the home. Both spouses should strive to ensure that emotion-driven conflicts don’t get in the way of the sale of the home as they both need the proceeds to move on with their lives.
With the Right Help, You Can Sell Your Home Successfully
Getting divorced and selling your home can be challenging. Despite the process being emotionally fraught, checking your emotions and surrounding yourself with a good team of professionals can help get through it successfully.
Years after the sale, when the emotions have long dissipated, you’ll be happy you had a good divorce Realtor to help you keep your cool and maximize the profits from the sale of the home.
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