Sell Your House During a Divorce
Selling Your House During a Divorce. While divorces have their own complications, a jointly owned asset (a home) can cause more even more stress. A jointly-owned home doesn’t need to be a burden–actually, it’s often easier to sell a home during the divorce process. Don’t hesitate to call Evervest today at (314) 730-0366 or contact us online if you have any questions.
Selling Your Home During a Divorce
There are a few things to consider for spouses going through a divorce and a property is involved. There are legal, financial, and emotional elements to consider. Below are a few things to keep in mind:
- Legal Advice: Seek legal advice early in the process. Consult with a divorce attorney who specializes in family law to understand your rights and obligations regarding property division. Various disclosure acts allow homeowners according to Missouri Rev. Stat. § 442.600.
- Ownership Structure: Determine the ownership structure of the house. If both spouses are on the title, decisions regarding the sale will typically require mutual agreement. If only one spouse is on the title, the legal owner may have more control over the sale.
- Agreement on Sale: Both spouses should agree on the terms of the sale. This includes the listing price and how the proceeds will be divided. With Evervest, you won’t have to deal with a real estate agent.
- Real Estate Agent Selection: Choose a real estate agent experienced in handling divorce-related property sales. They can provide guidance on market conditions, pricing, and marketing strategies. Or, contact Evervest Home Buyers today to get cash for your home.
- Property Valuation:: We will appraise and valuate the property to determine its fair market value. This is important for setting a realistic price and determining the equity to be divided.
- Division of Proceeds: Decide how the proceeds from the sale will be divided between the spouses. This may be based on a prenuptial agreement, a court order, or negotiations between the parties.
- Financing Considerations: Consider the existing mortgage and financing arrangements. Determine whether the mortgage needs to be refinanced, paid off, or if one spouse will keep the property and assume the mortgage.
- Emotional Impact: Recognize the emotional impact of selling the marital home during a divorce. Be prepared for potential challenges, and consider seeking support from friends, family, or a counselor.
- Timeline and Logistics: Establish a timeline for the sale and coordinate logistics, including when the property will be shown to potential buyers. Communicate openly with your real estate agent about any constraints or preferences related to the sale.
- Compliance With Court Orders: If there are court orders or a divorce settlement agreement in place, ensure that the sale of the house complies with these legal requirements.
Selling a house during a divorce doesn’t have to be difficult. The important factors to consider are the appraisal value and whether or not you want an all-cash offer or go the traditional real estate route. At Evervest, we can get you cash in your pocket within the month–sometimes, we close deals within a week.
Evervest helps ease situations between soon-to-be or actual divorcees when it comes to property managment. Here are three reasons why we are the first team to call:
- We evaluate your home to determine the cost of improvements needed to resell and its value. Evervest will look at homes in any condition.
- After the home inspection and valuation, we’ll get you a fair and quick all-cash offer without the red tape and hassle that would otherwise involve loans and financing.
- Most of our cash-for-home deals close within seven days or less. This is crucial when you’re selling your home for cash during a divorce.
Don’t wait to contact Evervest Home Buyers now to learn more about our services and how we can help you sell a home fast and easy during a divorce. Read our frequently asked questions here for additional information.
Selling Your Home for Cash After a Divorce
Every couple has a different situation. Some people will explore counseling or therapy before deciding on a divorce, and others might jump at the opportunity to sell their cash for home fast. Typically, one person in the divorce will buy out the home, a spouse stays at the home, or the property is sold for cash as soon as possible and the sellers split equity.
It’s important to consider the reasons why you’re wanting to sell a home. If it’s for cash to pay for legal fees, medical reasons, or you just want to get it over with, Evervest Home Buyers is here to help. When you’re selling a home for cash after a divorce, it’s important to hire an appraiser, check local real estate trends, and allow our team at Evervest to do the legwork. Contact us today for more information about selling your St. Louis home for cash after a divorce.