Selling a house during a divorce can be a very tricky thing to do. There are many things that can go wrong in the entire process making it take longer than it should. The additional stress of the divorce legal process doesn’t help either. If you and your former spouse cannot agree on a way to move forward in regards to what happens to a house, the long drawn out process will only add to the stress.
One of the immediate solutions to the gridlock is that one of you can buy out the other from the house. This is civil and possibly less hassle than selling it.
If neither of you agree, then the following steps will enable you to sell your house in Jacksonville quickly and amicably.
Know the Mortgage Situation First
If you and your former spouse took out a mortgage to pay for the house, you must first know the balance before you sell it. In the heat of the moment, it is very easy to get caught with the state of events and forget that you are still responsible for the payments. Selling the house without clearing it does not change that whatsoever. If you default on a single payment, you still have to pay the mortgage and the penalties that accrue therein.
It is only prudent that you must know what the mortgage situation is first. Contact the lender and get the balance of your mortgage. Then you can sell it and pay off the mortgage as quickly as possible.
A short sale is usually the last resort in these circumstances if the mortgage exceeds the current value of the house.
If you are at a loss on where to start when you want to sell, contact a realtor or home buying company. They should show you a way forward to getting your house sold quickly.
Workout the Costs of Selling
Selling your house quickly in Jacksonville is something that needs further planning when two former spouses are involved. This is because there are additional costs that must be calculated and factored in when the house is sold. These costs include real state commissions, transfer taxes, and other closing costs related to the sale of the house.
The parties involved must compromise in order to expedite the conclusion of the sale.
Decide On Whether to Sell the House As-Is or Repair It
Once you have gotten the mortgage and expenses issues out of the way, you must then get down to the work of house itself. While there are many buyers in the market and anyone who can match the price of the house is a potential one – you still need to decide on whether to repair or not. If you decide to make repairs on the house, it is upon you to decide how the costs will be split.
On the other hand, if you decide on to sell it as it is, you must work on marketing it the best way possible. Home buying companies like Your Trusted Home Buyer will purchase houses as-is without you needing to make any repairs or updates. They also pay all cash for the property, pay all closing costs, no commissions, and can usually close in 7 days or less.
So if you’re in a divorce and looking to sell your house fast, these are the factors to consider.
Useful Reference Links
21 Tips to Sell Your House Quickly
How To Sell Your House Fast: 9 Simple Ways
6 Tips To Sell Your Property Quickly For The Highest Dollar Even During ‘Off’ Season
Real Estate Tips for Selling Your House in 2017
8 tips for staging your house to sell it fast
10 Tips to Sell Your Home Fast
5 Vows to Make Now to Sell Your Home in 2017