If you’re considering selling your home during a divorce and you live in London… we’ll dive into the steps and things to look out for in this article.
This has been a difficult and stressful time and so many people have been affected by the coronavirus lock-down and suffered financial difficulty from not being able to work.
For some, the stresses and strains of coping in a relationship that has all but broken down are being pushed to the limit. With around 50% of marriages sadly ending in divorce, many London residents are now looking for advice on selling a home during a divorce.
While a divorce is one of the most stressful and emotionally charged life events, it’s important to remain rational. There are several factors to consider when facing a divorce and selling a house in an already nervous property market, in an economy that could be heading for recession.
Your home is usually one of the most valuable joint assets a couple has, and trying to live in the same property when you’re getting divorced or if the relationship has broken down is going to be awkward at best and probably unpleasant for everyone involved. If your home can’t physically be divided, which most can’t, selling it is the logical answer so both of you can move on with your lives.
Selling Your Home During Your Divorce in London. Agree If or When You Will Sell It.
In many divorce cases, one spouse will keep the home, 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 certain date (usually when the children reach a certain age).
Get Professional Help – Agents or Home Buyers
Selling a home is a difficult process when everything is going right, even more so in a difficult economic situation like we face now.
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 property professional… either a reputable agent or investment company, you’ll both have a neutral third party who can help you determine a fair selling price and handle the marketing of your home.
If you need to sell your London house fast… reputable property investment firms like House and Flat Buyers may be a great option. We are constantly looking for properties and can offer cash and can close quickly if you need to sell your 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 an estate agent is probably your best bet.
But if you can’t wait the 3-7 months it could take to sell a house in the current market … chat with us to see what we can offer you for your house during your divorce.
Set (and stick to) a Timeline
It’s important, when selling your house during a divorce 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 estate agent). Make sure that each of these agreements are in writing, and negotiate penalties for breaching the agreements if needed. 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 property investor like House and Flat Buyers.
Investors like us, purchase houses quickly and without stress.
Deciding how to sell a marital home in London doesn’t have to be as stressful as the divorce itself.
By protecting each party with an estate agent or simply jointly deciding to sell and selling fast to a property investment firm like House and Flat Buyers, and moving the process on quickly and according to an agreed schedule, all parties can walk away from the sale without stress.
If you want to discuss your situation with your property and see if we can help you save time, reduce stress, and get out of this situation fast…
Give us a call anytime at 02088200780 or
fill in the form on this website today! >>
We’ll evaluate your property, make you a fair offer, and you can decide if selling your house to us is the best fit for you. We’re here for you, just reach out and let’s chat.