Are you in the middle of a divorce and need to sell your house fast in Loganville?
It’s important to know that selling a home can be incredibly stressful on its own. Likewise, dealing with the raw, complex, and emotionally difficult process of a divorce is not a walk in the park. The combination of divorce and selling a home requires you to go easy on yourself, take the time to decompress, think through your options and allow yourself to be a little emotional when you need to be.
Here are some tips to guide you with your transition and help you sell your home quickly in Loganville.
Understand Who Is on the Title and Who Is on the Mortgage
You and your former spouse might either be on both documents together, or just one of you on both, or there may be a mix of those two scenarios. Understanding who is on the title and on the mortgage deed may determine who has access to what information and who is responsible for executing contracts.
This is a good start to crafting a good selling strategy. You’ll need to acknowledge boundaries, establish roles, lay out ground rules, and agree on risk margins the very first time to reduce the stress of the entire house selling process. If you find that you and your spouse/ex-spouse are having trouble getting things into a system, this may be the time to ask for a mediator like a real estate agent.
Understand Your Divorce Decree
This document is signed by the presiding divorce judge. The divorce decree outlines who is entitled to equity from the sale of the home, and if the equity is equally split or not. There will also be provisions dictating who is responsible for hiring, managing, and paying for contractors.
Another important factor to consider is what happens when your house is upside down? Upside down means you owe more mortgage than what the house is actually worth. Or in other words, if you sell your house now, there would be no equity, and you’ll have to continue spending until your balance is paid off. With this, would you be willing to forego selling your house to a later date? Or would you want to consider a short sale?
Agree on a Selling Price
Once you and your spouse decide to sell your house, the very first thing to do is to have the property appraised. This will give you an idea of how much your house is worth based on its condition. And the value should go hand-in-hand with the current market situation. Typically, apart from the appraisal value, the agent will consider the price of recently sold homes in your area for the last six months as part of his/her comparative market analysis.
This stage can be tricky because one spouse may want to sell at a higher price than the fair market price. If this happens, you’ll have to think about whether you are willing to take the risk of having your equity reduced (remember that the longer the house stays on the market, the lower its value will potentially become).
Clean Out the Property
This can be tough to do in any circumstance. It’s even tougher when your feelings are on edge, and you are going through years of keepsakes and memories. But, the cleaner and emptier the property, the more likely you can sell your home quickly.
Talk With an Experienced Loganville Real Estate Agent
Be sure to deal with a full-time professional that has experience with home sales in divorce situations. The way the agent communicates with all parties can make or break the entire deal, so be sure you choose the right agent for the job. Other factors that you should consider when hiring a real estate agent include:
- apart from the agent’s technical expertise and professionalism, the chemistry between the realtor and the couple is important because selling a marital home is something personal and relatively long-term (months, maybe)
- the agent has to be neutral for both couples and not favor one over the other. You’d be able to tell this by the way the agent exercises validation and eye contact, to name a few
Sell to a Professional Home Buyer
You can also take a shortcut by selling to a Loganville home buyer like us. Spire Property Solutions is a professional home buyer in Georgia, and we can buy your home to save you pain and anguish. We buy houses for cash in the Loganville area, and we can close quickly! You can sell your home fast, in as-is condition, and leave any personal items in the property so you can move on to rebuilding your life.
These tips will help you sell your home fast. But since divorce is tough and can be filled with immense pain, you can go for an easier exit with us. Fill out the form below or call us at 678-318-180, then let’s talk!