DIVORCE
HAPPENS
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One of the options you may consider during a divorce is to sell the home and divide the proceeds. This option makes sense if neither spouse wants to stay in the family home, or if neither can afford to buy out the other. Getting top dollar for the home is important.
You Need an Agent With Experience in Divorce To Help Sell Your Home
A great reason to go with a top agent with experience in divorce is that he or she will urge you to agree on key details before the home is listed, so that you don’t hit a bump in the road mid-sale.
TIPS
The pros and cons of selling your home before or after your divorce.
Why you shouldn't move out too soon when selling your home in a divorce.
The importance of making sure that you agree on price and timeline before you list your home in a divorce
Don’t Let Your Emotions Get in the Way of the Home Sale During a Divorce
Don’t Rush into Anything You’ll Regret
THINGS TO CONSIDER BEFORE YOUR LIST YOUR HOME:
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What is the lowest offer you’re willing to accept?
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Who will remain in the home, and who will leave?
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How you pay for any staging costs or repairs?
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What services like cleaning, minor repairs, and painting will you be willing to hire out?
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How involved in the day-to-day marketing of the home does each person want to be?
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Will the spouse who has moved out be OK with not knowing about every single viewing appointment, or is it important that both be in the loop for every detail?
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What are each spouse’s specific responsibilities in terms of the home sale?
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What real estate agent will you use, and do you both agree on their fee?
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What is your pricing strategy?
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How much notice does each spouse need for a closing date?
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If you are in a state that uses real estate lawyers, do you agree on the attorney for the sale?
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What times are off-limits for appointments, and will the spouse living in the house be expected to accommodate last-minute showing requests?
THE BOTTOM LINE
With the right advisor on your side, it is possible to successfully navigate the sale of a home during a divorce and achieve the best possible outcome.
