If you’re wondering about all the nuances of selling your home during a divorce in Philadelphia, PA… we’ll dive into the steps and things to keep in mind in the post.
With almost half of American marriages ending in divorce, many Philly residents are looking for 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 and trying to liquidate your property at the same time.
Determine if (and when) You Will Be Selling Your Home During Your Divorce in Philadelphia
In many divorce situations, one person 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) in the future.
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 your home yourself. You may have disagreements with your loved ones 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. It’s important to keep things neutral and fair during a divorce.
If you need to sell your Philadelphia house fast… reputable local real estate investment firms like Signature Properties may be a great option for you and your family to consider. 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 the house fast. Really, it’s no hassle and seamless from the start.
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 Philadelphia… chat with us to see what we can offer you for your house during your divorce. We know this is a challenging time for you so know that we are professional and trusted in our interactions with you about your property.
Set (and stick to) a Timeline
It’s important, when selling your Philadelphia house during a divorce to keep a timeline. Anything that veers off of that timeline could be interpreted as non-performance by your spouse.
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. It’s probably wise to engage a lawyer or attorney that can help draft the agreements and formalize them as well.
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 Signature Properties. It’s a new and fantastic option to have when you are looking to sell your house. In fact, it’s becoming more common for everyday people to engage local investors in the sale of their property.
Selling your home during a divorce in Philadelphia is a great opportunity to bring in local reputable real estate investors like us, who purchase houses quickly and without the non-sense. We make the entire process painless and let you choose the closing date.
Deciding how to sell a marital home in Philadelphia doesn’t have to be as stressful as the divorce itself. In fact, we intend for it not to be.
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 Signature Properties, and moving the process as quickly and according to an agreed upon schedule, all parties can walk away from the sale without stress (and with cash!).
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) 225-6311 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.