Getting divorced is hard enough as it is. But selling a house during that process only adds to the difficulty and stress of a collapsed marriage. However, there are ways to make the selling process as seamless as possible. Call us we are your local realtor and we are actually going to care about your situation. Let us be there when you need help!
The house is often the last item dealt with in a divorce, as it’s one of the more emotionally charged aspects of a divorce.
In addition to finding a completely neutral realtor, the most important aspect of selling a house during a divorce is the timing. March and April are two of the best months to put a house on the market as a lot of relocations occur in May. Early buyers will swoop in to look for houses in March if they’re aiming to move in May.
Putting a house on the market in the winter does have downsides because potential buyers don’t want to trudge through the snow and cold. However, there is some hope as a lot of houses are sold between Christmas and New Year’s. Those looking in the winter generally have shown no form of constraint forcing them to buy at that time, so a seller might have some luck during the winter.
If the house’s mortgage has not been fully paid off, which is usually the case, the amount owed is generally split 50-50 per divorce decree, but this can change depending on the state you live in. And deciding who gets the money from the sale follows a similar process--a 50-50 split, where mitigating factors can affect the final dollar payout amounts.
While going through a divorce can be emotionally draining, both parties have to be involved in the selling process. If one party does not want to be involved for whatever reason, they must sign off on not being involved in the transaction.
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