Four Factors to Consider When Selling a House Because of Divorce
In the US, over 10 million couples break up in court. When there is a divorce the children and assets become a center of interest. Selling of the house during a divorce time can be hectic but it’s good that there are tips to guide you through. This site will help you to make easy and fast when you are selling a house because of family break up.
Know the reasons for selling the house. You need to have clear reason as to why you have to sell the house. Not everybody that is undergoing divorces that has to sell the house for sale sharing since you can have the house and give the half of the house to your spouse. The amount shared enables each of you to be able to settle after the break up and therefore if you don’t have money to compensate your spouse instead of selling the house you will not have any other alternative. The house is full of good time memories with your spouse and therefore it would be good if you sell it and look for another fresh house. When you are left alone in the house you might find yourself challenged in renovating the house and also paying the taxes alone when you are sued to share the burden. Ensure that you have sold the house before the case is finished so that you can have time to take care of all the other financial responsibilities that you had together.
Find and agent. You already have enough stress because of the divorce case that is in court and therefore you need to trust someone else to help you sell the house. Avoid fighting about the agent to sell the house by finding your top best and allow your partner to make the last conclusion. Its good that you contact the realtor that you have ever worked with before instead of looking for a new one. The advantage of using an agent is that s/he will take away the stress of how much to sell the house and giving you time to mind your own business.
Value your house. Since you are going to share the income from the house sale you have to ensure that the house attracts the possible maximum from the sale. The agent that you choose is responsible for what you will get for the house sale. Don’t fix yourself to the same agent even when you think s/he is not giving you what you expected. In case you get the same from different agents you should consider that because they also look for the highest because of the commission.
Divide your sale. Once the house is sold you need to distribute the money between the two of you. To make sharing simple you need to have agreed about it before. If there is one of you that has been in the front line during the house sell then s/he deserves more and also you should consider the existing family debts and the spouse paying a mortgage or any other loan. If need be you should look for a third party to help you share the money amicable.
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