One issue that comes up after a divorce is the family house, especially if neither of you wants to keep staying in the family home or neither can buy the other person out. In this scenario, the most functional solution is to sell the home. Read on to see five ways in which you can prepare to sell your home with your soon-to-be former spouse.
Remain Patient
The most important thing to do is to practice patience. While you may be ready to get everything over with, matters in real estate usually take time to finalize. If you want to get a good price for the property and end things amicably, mentally prepare yourself to let the process take as long as it needs to take. This way, it will be a lot less stressful in the end. With half of the adults in America married, there are a lot of people possibly looking to buy a home, but just as many may be selling one, too. Don’t stress over the process, but let it take time so you can have it done well.
Keep the Professionals Involved
To have an easy time, involve all the professionals you’re currently dealing with when selling your house. Your lawyers and real estate professionals may all have valuable input in this scenario, so it’s important to keep them in the loop. Follow their advice and work with them to realize the best results for everyone. Avoid shady actions or trying to undercut your spouse because the aim should be to part amicably and have everyone retain their rightful share.
Make Decisions Based On the Best Financial Options
Rather than be emotional in your approach, base your decisions on the best financial options. With the cost of divorce in America varying from $15,000 to $42,500, it’s important to keep finances at the top of all your considerations. Take time to do research and think about the best outcome you can get, because at this point, it’s all you can do to get good returns on your common investment.
Work Together
While this may be the last thing you want to hear, it’s important to work together if you are to realize the best results. Keep in mind that you have a common goal and the benefits of working together outweigh all possible risks by far. So, make the effort for one last common goal while selling your house. Attend all necessary meetings and put your best foot forward whenever performing showings and more, and it will be the best thing you could both do for a successful and beneficial sale.
Consider Insurance
Finally, consider insurance because it can help you make a better sale. Ask your real estate agent and do your own independent research to find out the kind of insurance that most people on the market to buy a home prefer. When your home ticks a majority of the boxes for potential buyers, you can rest assured that you will have many calls regarding your property and a higher likelihood of having a sale, which is what you want. When looking for a price to set, keep in mind that the cost of the insurance you get will vary by the property as well as the level of protection you want to purchase. Generally, though, it costs about 0.5% of the purchase price of the home.
Follow the five tips above when selling your home with your soon-to-be ex-spouse, and you will find it can be an easy process. Keep your differences aside for this common goal, and everything will work out for the best.
