Selling Your Home During a Divorce
If you’re wondering about the ins and outs of selling your home during a divorce in Philadelphia, Pennsylvania… we’ll dive into the steps and things to look out for in this article.
With over 50% of American marriages ending in divorce, many Philadelphia, Pennsylvania, residents seek advice for selling a home during a divorce. That is a very strong divorce rate. Hopefully, it is something that never happens to your marriage. But the problem is we never know where life will bring us.
A home is one of the most valuable joint assets and obviously cannot be divided without first liquidating. While a divorce is one of the most stressful and emotionally charged life events, it’s essential to remain rational. When facing a divorce in a real estate market that has yet to rebound from the housing bubble burst, there are several factors to consider.
Determine if (and when) You Will Be Selling Your Home During Your Divorce in Philadelphia
One spouse will keep the home in many divorce cases, buying out the departing spouse’s share.
In many cases, agreements are made where one spouse uses the house for a set period of time (this is usually used when there are children in the home), and then sold at a specific date (usually when the children reach a certain age).
Get Professional Help – Agents and Home Buyers / Investors
Selling a home is a complex process when everything is going right.
During a divorce, you have a lot going on and a lot to consider. You shouldn’t take on the task of selling you home yourself. You may have disagreements with your spouse about selling price or other issues. By working with a real estate professional… either a reputable agent or real estate investment firm, you’ll have a neutral third party who can help you determine a fair selling price and handle the marketing of your home.
Speaking with an attorney could also be the first safe step a homeowner can make. They will be able to provide you with the correct route to take if you get a divorce. It would be helpful to have a prenup drawn up before marriage if you both own many property. Most of us do not think about doing so because our minds are set on life at the time of marriage. Not on who owns what.
If you need to sell your Philadelphia house quickly… reputable local real estate investment firms like Buying Property 215 may be a great option. Firms like ours actually BUY HOUSES (rather than listing them like agents do) and we pay cash and can close quickly if you need to sell this house fast.
If you can wait the time it’ll take to list it with an agent and sell it on the open market, going with a real estate agent is your best bet.
But if you can’t wait the 3-9 months it sometimes takes to sell a house in this market, Philadelphia… chat with us to see what we can offer you for your home during your divorce.
Set (and stick to) a Timeline
When selling your Philadelphia house during a divorce, it’s important to keep a timeline.
You should put your home for sale in advance. Set firm closing dates, moving dates and times,, and coordinate which spouse will be handling the sale (or talking to the real estate agent). Make sure that each of these agreements are in writing, and negotiate penalties for breaching the agreements.
This helps ensure a smooth, surprise free home sale.
Selling Your House Fast For A Fair All-Cash Price
One option that many divorcing couples have turned to in recent years is making a quick sale to a real estate investor like Buying Property 215.
Reputable local real estate investors like us purchase houses quickly and without stress, and the process can often take as little as seven days.
Deciding how to sell a marital home in Philadelphia doesn’t have to be as stressful as the divorce itself. Which is something we all know can be a very stressful and long-drawn-out process. Hopefully, most people will not have to go through it. Being prepared for the event, it can be crucial.
By protecting each party with a qualified real estate agent or simply jointly deciding to sell and selling fast to a real estate investment firm like Buying Property 215 and moving the process as quickly and according to an agreed-upon schedule, all parties can walk away from the sale without stress.
If you want to discuss your situation with your divorce and see if we can help you save time, reduce stress, and get out of this situation fast…
Give us a call anytime at 215-359-6090 or
fill out the form on this website today! >>
We’ll evaluate your house, make you a fair all-cash offer, and you can decide if selling your home during a divorce in Philadelphia is the best fit for you. We’re here for you, just reach out and lets chat.