Our Team Has the Experience to Guide You Through Your Legal Claim
1. Know the Value of Your Matrimonial Home
Knowing the value of your home is important during a divorce as it relates to the distribution of assets. Feel free to contact us for a no-cost, no-obligation property evaluation that can be used in court to validate the projected market value of your matrimonial home.
2. Keep the Property in Good Shape
Unfortunately, many homes that are sold after divorce don’t show well. The pride of ownership is missing and some spouses don’t want to invest extra effort or funds into something they’ll end up dividing the money for anyway.
This approach can cost you thousands of dollars so make sure the property shows well before you put it on the market for sale.
3. Maintain Easy Access to the Property
Sometimes, both parties have left the home and it is unoccupied, which makes it very easy to show. If one or both partners are going to live in the property, we will need access to the house for viewings.
It can be a sensitive situation so our real estate professionals will navigate the circumstances prudently. The faster the house is sold and the proceeds are divided, the better off everybody will be.
4. Show a Unified Front
Close friends and family may know that you are separating, but the purchasers don’t, and you aren’t liable to share this information with them. The last thing an interested homebuyer wants to do is to jump into a skirmish between two sellers.
We know that it’s easier said than done but the home selling process is always smoother when both spouses are on the same page.
5. Don’t Leave an Empty Home
If both spouses have vacated the home, it’s best to leave at least some basic furniture until the house sells. If needed, consider staging the home.
Selling an empty house is not a good idea as it’s quite problematic for purchasers to imagine themselves living in a deserted house as compared to a cozy home.
6. Explore All Possible Options
If the house has equity, you may consider refinancing and buying out your spouse. This way, you can keep the property and make the loan payments on your own. However, it’s a rare situation as many matrimonial houses are bought with the earnings and credit scores of both partners. Without dual incomes, the banks are less probable to offer you a mortgage in that same amount.
If you can’t afford the loan payments on a single income, or there is no equity in the house to be able to refinance it, selling your matrimonial house may be the best alternative.
7. Select a Realtor Who’s Done This Before
Although there are several experienced realtors across the country, you want to find someone that has worked with divorcing (or separating) couples before. Choose someone who is thoughtful about the problems and sentiments that can arise during the whole selling process.
At Divorce Realty, our real estate experts are compassionate and truly understand your struggle. We help you keep the drama and hassle out of the sale of your matrimonial home. Get in touch to learn more about how we can help you.