A Quick Guide on How to Sell House After Divorce
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It is indeed challenging to sell a house after divorce, given its time-consuming and partly complicated process. And despite the emotionally and mentally tiring situation, you must complete the process in a professional and organized way.
That said, our article can guide you with the best steps—from agreeing on the terms of sale to closing the deal—to do when selling a house after divorce. And whether you are working with a real estate agent or handling the transaction on your own, our tips will surely help you navigate the process and ensure a successful result.
Let’s start!
Four Proven Steps to Sell House After Divorce
Step 1: Agree on the Terms of Sale
The first and one of the most important steps in the process is to have an agreement concerning the terms of the sale. Terms of sale refer to the conditions surrounding a sale transaction, including real estate. Both parties involved must come to an agreement and is usually done through mutual consent, court order, legal settlement, and mediation.
The agreement may vary depending on both parties’ decisions. But it typically includes the following:
- Sale price. It is the amount of property.
- Terms of payment. It is the method and timing of payment.
- Closing date. It is the date on which the sale will be finalized, and ownership will be transferred to the buyer.
- Possession date. It is the date on which the buyer will take possession of the property.
- Contingencies. These are the conditions that must be met before the transaction is completed. It may include a home inspection or the sale of the buyer’s current property.
Step 2: Prepare the Property
The next step is to prepare the property for the sale. Clean, declutter, and make any necessary repairs or updates to the property. You can opt for small repairs and upgrades in both the interior and exterior of the house, for example. Or you can do a complete renovation if your budget allows.
Whatever your choice is, a well-presented property is more likely to attract potential buyers than one that is not. It increases its overall market value as well. And, as a result, can lead to a better selling price and quick sales!
Step 3: Hire a Real Estate Appraiser
Once you are done with the second step, the next thing you should do is hire a real estate appraiser. Hiring one can help you determine the value of your property as well as help you set the asking price.
A professional real estate appraiser will provide you with a complete report concerning your house and its market value. Such details can be useful when making decisions about repairs or other improvements to the property.
Step 4: Decide How You Want to Sell the House
Last but the most important step in the process is to decide how you want—or perhaps, the most convenient method based on your situation—to sell the property. In real estate, there are two proven ways to sell your house. The first one is through hiring a real estate agent to sell the house, and the second is to sell it as-is to a real estate investor.
Each method, however, has varying outcomes. Here’s how:
Hiring a Real Estate Agent
If you want to sell your house at a good price, consider hiring a professional real estate agent. Real estate agents can help you in many aspects concerning the sale of your property, including expert advice, legal protection, and valuable insights and resources. Not to mention it also saves you time and money from doing it on your own.
Professional real estate agents are also experienced in terms of “good” real estate marketing. Their negotiation skill is one thing that you should not underestimate too. Their expertise and experience can help you negotiate with the buyer effectively and earn the amount you want for your house.
Overall, hiring a real estate agent makes the process of buying or selling property smoother and less stressful.
Sell It As-Is to a Cash Buyer
If you want to skip all the hassle and expenses of selling a house after the divorce, then consider selling it to a real estate investor instead. Real estate investors such as Get Your Fair Offer typically buy properties as-is and in cash, making the sale transaction much easier and faster.
Selling your house to a real estate investor is also the best choice if you do not have the budget to make repairs and a few upgrades. It saves you money from providing the commission that you are required to give to a real estate agent if they successfully sold your house.
Aside from those, some real estate investors also provide flexible payment systems. The process is much faster too compared to traditional homebuyers.
In essence, selling it to a real estate investor is wiser rather than publicly listing your property in the market.
Conclusion
To sell house after divorce is indeed a tough and demanding process. It requires careful planning and cooperation between both parties. From setting the sale price and terms to preparing the property, it is crucial to have a clear understanding of the process and your responsibilities.
On the other hand, if you want a fast, hassle-free, and reliable way to profit off of your property, then contact Get Your Fair Offer now and consider your house sold!
Get Your Fair Offer is one of Houston’s trustworthy real estate investors. We guarantee to give you the best and fair price offer only, which your property deserves.
Reach out to us now and get a REAL offer! Call us at 281-709-2999.
