If you own a home and are going through a divorce, two things are likely true about your situation: you probably need to sell the home because you are going to change your living situation, and your mind is probably not in the best place to try to focus all of your attention on selling the way you’d need it to be if you were going to list with a realtor.
Selling a home is always a complex process. Throw in the fact it’s one of the largest joint assets most people have in a marriage, and it’s easy to understand how things can go wrong while selling during a divorce. However, you cannot divide a house. It must be liquidated to be divided, so you’ll need to try to be rational and calm about the process.
The rest of this blog post will cover some great tips to help anyone who finds themselves in the situation of needing to sell their house in Worcester, Massachusetts during a divorce.
The First Step: Deciding Whether or Not to Sell the Home
Not every divorce ends in a decision to sell the home. There are many divorces where one spouse keeps the home. In most of these cases, the spouse who stays buys out the shares of the other (or some other equitable arrangement is made during the divorce arrangements).
Sometimes these arrangements allow for one spouse to have the house for a while so that the children may finish their schooling and upon an agreed-upon date (usually when the children reach a certain age both parties agree to), the house is then sold.
The first step is deciding if selling the house is the right option for your situation.
The Second Step: Use a Professional to Help Sell Your Home
You have multiple options for selling your house in Worcester, but deciding to sell it on your own is probably going to take way too much time, expertise, and effort during a process that makes that difficult. You may end up making an emotional decision and regret it later. It’s better to work with a professional who is used to the process of buying and selling homes during a divorce.
You have two options. The first is to hire a real estate agent to list your home on the local market here in Worcester. This option may take 6 months or longer and may not be feasible for your current situation. Your other option is to work with a real estate investment firm like SRS Cash Home Buyers who will buy your home from you in a much quicker and hassle-free manner.
Whichever option you decide, having a neutral third party there to help settle disagreements between you and your spouse will be worth it in the long run.
The Third Step: Figure out a Timeline that Works for Your Situation
When going through a divorce, letting the sale of the house linger for too long can cause more problems than you want to deal with when you are trying to move on and begin the next chapter of your life. Setting some firm dates as limits for how long it takes to sell the home, how long to move out, and how long you have to continue to coordinate with your ex is a healthy idea. When you make decisions on these things, get them in writing.
The Fourth Step: Keep a Backup Plan Ready to Go
Even if you want to try to sell the house for top dollar with a real estate agent, plans can change. A great way to be prepared is to talk to a real estate investment firm like SRS Cash Home Buyers. We buy houses in Worcester as-is for a fair price in cash. There is no cost or obligation associated with receiving an offer from us. It just makes sense to know ahead of time how much you could get for the house if you needed to sell it tomorrow. This way, if you do need to change plans suddenly, you have an impartial third party like SRS Cash Home Buyers you can rely upon.
The key is to try to make the process of selling the house less stressful than the rest of the divorce. You have a variety of viable options. That being said, a third party like a real estate agent or a reliable real estate investment firm like SRS Cash Home Buyers is a great option to ensure the process is as hassle-free as possible.
If you want to know more about what SRS Cash Home Buyers would pay for your home in Worcester, Massachusetts, give our office a call or fill out the form on this page today.
If you’re wondering about the ins and outs of selling your home during a divorce in Worcester MA… we’ll dive into the steps and things to look out for in this article.
With over 50% of American marriages ending in divorce, many Worcester MA residents are looking or advice for selling a home during a divorce.
A home is one of the most valuable joint assets, and obviously cannot 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 a real estate market that has yet to rebound from the housing bubble burst.
Determine if (and when) You Will Be Selling Your Home During Your Divorce in Worcester
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 when everything is going right.
During a divorce, you have 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. By working with a real estate professional… either a reputable agent or real estate investment firm, you’ll both have a neutral third party who can help you determine a fair selling price and handle the marketing of your home.
If you need to sell your Worcester house fast… reputable local real estate investment firms like SRS Cash Home Buyers may be a great option. Firms like ours actually BUY HOUSES (rather than listing them like agents do)… and we pay cash and can close quickly if you need to sell this house fast.
If you can wait the time it’ll take to list it with an agent and sell it on the open market, going with a real estate agent is your best bet.
But if you can’t wait the 3-9 months it sometimes takes to sell a house in this market in Worcester… 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 Worcester 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 SRS Cash Home Buyers.
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 Worcester 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 SRS Cash Home Buyers, 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 (774) 450-0086 or
fill out the form on this website today! >>
We’ll evaluate your house, make you a fair all-cash offer, and you can decide if selling your house to us is the best fit for you. We’re here for you, just reach out and lets chat.