Selling after Divorce
Going through a divorce or separation can be incredibly stressful, and selling a house in the midst of it can only make things harder.
It’s believed around 42% of marriages end in divorce, and the marital home is one of the most valuable assets that is owned jointly, which can often cause many complications and considerations when it comes to selling.
Selling Your Home After Divorce
In many cases, it may be the case that one of the separated party continues to live in the marital home, particularly if children are involved. In some cases however, there may be no alternative but to sell.
How A House Is Divided After Divorce
Before a house is put on the market following divorce, it has to be divided. Negotiations will usually start at around 50/50, but that isn’t always agreed with many different factors involved in this. In some cases, one spouse could buy the other out, while others may just want to just sell the home and then divide the proceeds.
Other cases could see one spouse move out, with the other partner receiving other assets. One party could also agree to defer the other assets or receiving balance until the property is sold. This is known as a Mesher Order.
A Mesher Order puts clear instructions in place to avoid certain circumstances. One for example may be not selling the house until a child has turned 18. This does however mean both spouses are still on the mortgage agreement.
Ensuring A Fast Sale
It can be an emotional and stressful time as it is without dragging out a property sale when it comes to divorce. For the most part, people want a swift and amicable break and that regularly means selling.
The faster the sale the better in order to relieve tension, and here at Fast Cash Property we can ensure that happens.
Our expert team have dealt with sales under all circumstances, including many divorces or separations down the years and pride themselves on being understanding and sensitive to the situation. Along the way we’ll offer any support that is needed and work at a pace to suit you.
That can mean delivering you a cash offer in as little as 24 hours, as well as taking care of every process and guaranteeing no hidden fees.
What’s more, we can work with both parties separately and ensure the payment split is dealt with swiftly and efficiently. We’ve worked with many amicable divorces down the years, but many more complex breaks too and we ensure the most pain free and simple sale possible.
If you are going through a divorce or separation currently and are thinking of selling your home, get in touch with us today and we can talk you through the entire process and help you get the most stress-free sale possible.