There are many things to consider when you’re going through a divorce, but one of the biggest – literally and figuratively – is the property you shared when you were married. Assuming you own the marital home jointly, there will be some important discussions to be had about what to do about it. In some cases, one of the divorcing couple remains in the house, perhaps after having been bought out by the other spouse. However, this won’t be possible in all cases, and it won’t be acceptable for some. In this situation, the best thing to do is to sell the property and split the proceeds. Here are the steps you need to take to get started if this is the decision you’ve made.
Talk To Your Divorce Lawyer
The first thing you’ll need to do once you decide that you want to sell the marital home is to speak to your divorce lawyer. They will be able to offer you plenty of useful advice about how best to go about selling the property. Specialists such as Rocklin divorce attorney McCunn Law will be able to determine when the best time to sell would be (during or after the divorce, for example), as well as come to an agreement about how much your share would be worth.
Selling a house is a complex process at the best of times, but when it is part of a divorce, it can be even more confusing. This is why it’s always best to have a good divorce lawyer on your side, especially since each house sale will be different, as will every divorce itself.
Make Some Improvements
The main reason for selling a property after a divorce will be to make money since the proceeds – whatever is left after the mortgage is paid off – will usually be split between the couple (although as we’ve said, this will depend on the circumstances of the divorce itself, as well as the mortgage details).
Since you’ll want the house to be worth as much as possible, it is a good idea to make some improvements to it. Just painting the walls and freshening up the bathroom and kitchen can be enough to make it feel much more valuable and saleable. Tidying up the yard is also a great way to enhance the value of the house. If there are big repairs that need to be done, you’ll need to weigh up the cost of these compared to how much value they could put on the property. Sometimes it’s not worth the price.
Hire A Real Estate Agent
Although your divorce lawyer is going to be able to help you in many different ways when it comes to getting your property sold, they won’t be able to do the selling itself; instead, you’ll need to hire a real estate agent.
When you have an expert to help sell your home, the process becomes a lot easier, it will happen faster, and you’ll usually get a better price because the agent’s job is to negotiate for their client. It’s well worth taking your time to research each real estate agent and ensure they have the credentials and experience you need them to have in order to sell your property.
Do you have any questions about this article? Click here to contact us today.