Selling your home during a divorce can be a pretty tricky process. In this article, we'll give you the ins and outs of selling your home during a divorce in Philadelphia, Pennsylvania.
Over 50% of American marriages end in divorce. As a result, many Philadelphia, Pennsylvania residents are looking for advice for selling a home during a divorce.
For most married couples, a home is their most valuable joint asset. Obviously, it can't be divided without first liquidating. 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 in any real estate market.
Determine if (and when) You Will Be Selling Your Home During Your Divorce in Philadelphia
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 and Home Buyers / Investors
Selling a home is a difficult process even when everything is going right.
Divorces definitely complicate things. There is 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. Enlist the help of a real estate professional. A neutral third party like a reputable agent or real estate investment firm, can help you determine a fair selling price and handle the marketing of your home.
If you need to sell your Philadelphia house fast, reputable local real estate investment firms like Holmes Property Firm may be a great option. Firms like ours actually BUY HOUSES (rather than listing them like agents do). We pay cash and can close quickly if you need to sell your house fast.
If you can wait the time it’ll take to list your house with an agent and sell it on the open market, then going with a real estate agent is your best bet.
However, if you can’t wait the 3-9 months it sometimes takes to sell a house in this market in Philadelphia, 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 Philadelphia 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 real estate agent). Make sure that each of these agreements are in writing, and negotiate penalties for breaching the agreements.
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 real estate investor like Holmes Property Firm.
Reputable local real estate investors like us, purchase houses quickly and without stress, and the process can often take as little as seven days.
Deciding how to sell a marital home in Philadelphia doesn’t have to be as stressful as the divorce itself.
By protecting each party with a qualified real estate agent or simply jointly deciding to sell and selling fast to a real estate investment firm like Holmes Property Firm, and moving the process as quickly and according to an agreed upon schedule, all parties can walk away from the sale without stress.
If you want to discuss your situation with your divorce and see if we can help you save time, reduce stress, and get out of this situation fast.
Give us a call anytime at (267) 223-7891 or fill out the form on this website today!
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