Selling Your Home To Yes Homebuyers
- We buy your home directly from you so you can sell your house fast and avoid waiting around to find a buyer on the regular market.
- You can get a “ballpark” offer from us within 5 minutes, a formal offer within 24 hours, and we can complete on the purchase of your home in as little as 2 weeks.
- Our quickest purchase was made within six days.
- We guarantee the price we will pay, unlike some buying platforms who reduce their offer shortly before completion.
- There are no fees or costs involved and we cover all legal fees involved.
- There are no contracts or tie-ins even if you accept an offer, and no viewings to take care of.
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Selling A House After Divorce The Ultimate Guide
Selling a house after divorce or separation can be one of the most stressful things people can experience. Although the rate of divorce is falling, according to one leading family law firm, 42% of marriages still end in divorce. And more often that not a couple just wants to know who gets the house in a divorce? Unfortunately its just not as simple as that.
Whatever the statistics say, divorce continues to be a devastating and stressful burden for any family to go through. And when children are involved, this makes the business of selling a family property even more crucial.
Because the matrimonial home is usually the most valuable asset jointly owned by a couple, feelings are often strongest over your house. Our Ultimate Guide looks at all of the important considerations when selling a house after divorce.
Bonus Option: Buyout Your Spouse
Couples going through a divorce dont usually consider this option but it still remains viable if youre able to afford it. The obvious benefit of being able to stay in the house is you get to stay right where you are and continue with the rest of your life. All your friends will remain friends, your children get to continue going to the same school, if you work close by you wont have to worry about commuting or finding a new job the benefits are endless.
There is of course one huge obstacle that wont allow you do this and that is the cost. If youre unable to afford it or cant come to some sort of agreement with your former spouse then unfortunately, this is not an option for you.
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Considerations When Selling A Matrimonial Home After Divorce
Not only will you want to consider who will reside in the property until sale, but you should also give some thought to other questions which may arise, such as:
- Who will pay the mortgage and rates?
- Who will maintain the property and cover the cost of any repairs?
- Who can have access to the property?
You should bear in mind that there can be other difficulties to consider if the house is to be vacant until it is sold, as it will still require a level of maintenance and heat and may be harder to sell if it falls into disrepair.
In addition, if like Mrs Derhalli you are not the legal owner of your home, we can take additional steps to secure your rights. This may involve us registering your interests at the Land Registry to help prevent your spouse selling or borrowing further against the house.
Sell Before Drawback: A Successful Home Sale Requires Cooperation From Both Spouses
Selling may be in the best interest of both spouses, but that doesnt mean your ex will see it that way. If your ex resents and resists, selling the home during your divorce can drag on and cost both parties a lot of time and money.
Even just getting the home ready to sell is more difficult during a divorce, advises Fore.
Its better if I can meet both parties together to discuss prepping the home, but sometimes I have to meet with them separatelywhich means deciding on what needs to be done to get the home on the market is going to take that much longer.
Unfortunately, divorcing spouses who are at war with each other often make decisions fueled by raw emotions, hurt feelings, and anger. When theres a lack of cooperation during the home sale, youll find yourself fighting over decisions that should be common senselike setting the list price or accepting an offer.
And its not just the home sale itself that youll fight over.
When you sell the house during a divorce, you not only have to divide the proceeds from the home sale with your ex, you also need to divide up everything in the house together.
When one spouse leaves and the other stays put, the one moving out typically takes only personal items like clothing, phones, computers, and memorabilia. Everything else stays in the house until the divorce settlement says who gets whatbut that only covers the biggest, most valuable assets.
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Could Selling For Cash Be An Option
If you are currently going through a divorce and want to relocate, downsize or just start afresh, a fast house sale company could be the solution to buy your house for cash. Ready Steady Sell offer a wide range of house sale services and cash property buying is one of them. we buy any house in the UK regardless of location, condition or price.
Remortgaging Your House After A Divorce
If you are planning to remortgage or swap to a different lender, then this will require both of you to sign off and agree to the new terms.
It is rare that a mortgage lender will allow one mortgagee to change the terms of the loan without both parties permission.
The lender will want to check that the remaining spouse will be able to afford the mortgage.
Or they may request that you sign a new mortgage under different terms .
Remember to contact your mortgage company if youre struggling to keep up with the mortgage. They have the right to repossess the property if you dont keep up with payments.
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Should I Sell The House Before Or After The Divorce
My wife wants a divorce, but the house is in my name
Should we sell the house before the divorce, or should I try and keep it to sell down the road?
If youre facing divorce, youve already got a lot on your plate. One of the biggest ones is probably the simple question:
Whos going to get the house?
Should you sell it before the divorce? Or will you get more money if you wait until afterwards?
As you continue reading this article, youll learn:
- What your choices are
- Pros and cons of selling or keeping the house
- When you should sell it and why
Disclaimer: I am not a lawyer or a realtor. I recommend you consult a professional for the final say on what to do with your house.
Because of this, were going avoid legal mumbo-jumbo and talk man-to-man about this significant aspect of your divorce.
Lets go ahead and get started, shall we?
When it comes down to it, you only have two choices:
How We Can Help
Obtaining early legal advice on your divorce and finances is always important to ensure you obtain the best outcome possible for you and your family.
We are able to advise you on what needs to be included in your agreement should you wish to finalise matters prior to the matrimonial home, or any other assets, being sold.
We can also advise you on how you can sell the matrimonial home before you finalise any financial agreement should that option best suit you. This may be your preferred option if you have a buyer lined up and the housing market is uncertain.
If you sell before a financial agreement is reached, then the proceeds of sale will usually be held by agreement between solicitors pending finalisation by way of a consent order court direction.
For further specialist advice on divorce or any other separation matters, please contact Laura Martin-Read on 01908 787900 or email
This article is for general information only and does not constitute legal or professional advice. Please note that the law may have changed since this article was published.
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Emotional Peace Of Mind
A house carries various emotions and memories with it. You two probably spent significant time living, growing, and learning about each other under that roof.
Living in the same space can undoubtedly feel devastating- especially if the divorce was contentious. For this reason, many couples want to set their past aside and move on. It may be too painful to live within the home and have constant reminders of your old relationship.
If you do choose to sell the house, this may improve the healing process for both you and any children involved.
When Can I Start To Look For A New House After A Divorce
When you are ready.
Everybody heals and moves forward at a different speed. The circumstances and emotions associated with your divorce are unique. Pay attention to those feelings and dont engage in a rebound purchase to artificially attempt to heal yourself.
You need to make sure you can handle the responsibilities associated with owning a new home on your own.
You need to take time to sort out your life, including where and how you want to live. Those kinds of things cant be rushed, or youll heap regrets on yourself when you should be shedding negative emotions instead.
But, if you know what you want, or if you have children and you want them to settle into a new life as quickly as possible, buying soon after a divorce may work for you.
You need to blend your emotions with rational and financial elements to come up with the smartest move when buying a new house after a divorce.
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The Home Is Owned By Someone Else
You can find out how the house is listed by checking the Land Registry for homes in England and Wales.
Youâll want to continue to make the payments on the home while you are in the process of divorcing. If your spouse wonât help and you canât afford the payments, you should contact your lender. You may be able to receive help with the payments.
Let your lender know ahead of time that youâre getting divorced, which they can note in the file in case one person fails to pay their portion of the mortgage.
Does Length Of Marriage Affect Divorce Settlement
Yes, if you have been married for longer, then its usually not as simple as simply splitting property and other assets two ways.
The law assumes that in a long-term marriage one spouse relies on the others income.
Once divorce happens, the lower-earning spouse can get a greater share of the assets. Its deemed unfair for one to have a lower standard of living than the other.
As expected, the childrens welfare will also come into play.
If one of you already owned the house before the marriage, this may also affect things.
Here, the spouse that brought the house into the marriage is likely to get a higher share. How much is open to debate.
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Considerations For Minor Children
The impacts of children still living at home should be a priority. Divorce is tumultuous. The age, maturity, and personality of the child are driving factors on whether they would thrive better at the current home.
Some child psychology experts believe that keeping them in the family house creates a sense of normalcy for them. Other studies suggest children accept a new normal in a new home. If you do find a new home, keeping children in the same school and involved with the same friends and extracurricular activities can be grounding for them.
One Spouse Buys The Other Out
A good way to simplify things and make a clean break is for one of you to buy out the other.
Again, this minimises the level of disruption.
Usually, the spouse remaining in the property buys the other out.
The other spouse can use this money to purchase or take out a mortgage on another property.
The childrens home environment also doesnt change enormously.
If youre in this position, ensure that you have enough savings to keep up with the extra overheads and reduction in the income that will be coming through to cover things.
Either way, an agreement can be put in place that ensures that any equity gains can be passed on to the children at a later date .
This would mean that there would be no complications should either of you decide to remarry.
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Selling Your House After The Divorce
Selling after a divorce could lead to confusion and maybe a lack of motivation for your spouse to move out.
One of you could change your mind, your life could change and things could get messy.
At the same time, if you do not wish to disrupt your childrens lives, then this course of action is completely understandable.
Either way, we hope you can come to some kind of amicable win-win agreement.
Should you have already decided to sell, please check out the section below.
Should You Sell Your House Before Or After A Divorce
Like so many questions in divorce, the question of whether you should sell your Orange County house before or after your divorce is best answered with it depends.
It depends on the financial situation of both you and your spouse, as well as tax implications and the condition of the housing market.
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Here’s What You Need To Know About Selling Your House During Divorce
When you are getting a divorce, the idea of having to divide up your assets and do all the admin involved is a daunting one. This is especially true if you are looking to get things over and done with as quickly as possible, so how do you deal with selling your house during divorce?
When you got married, you probably thought it was forever and didnt consider what would happen to the marital home if you did ever have to get divorced, so if that time is now upon you, it might be worth doing some research to properly establish how to sell your house fairly and ensure you get what you are entitled to.
Understanding The Rights To Your Home After Divorce
You may also be wondering what rights you have regarding your home in a divorce.
You can find out if your name is on the title by checking the Land Registry. If your name is not in the registry or the title is in someone elses name, you can file a Matrimonial Home Rights Notice on the gov.uk site.
You then have the following options when you go to court:
In England and Wales, you can file a deferment of sale called a Mesher which gives you access to the home until a particular event occurs, such as your children turning 18.
You can also file for a Martin order where the ownership remains split between the two parties, but one person stays in the house for life or until they remarry.
This way, you can keep your house during a divorce, and it avoids having to answer the question, should I sell my property?
If you are still married, then according to the Family Law Act 1996:
- You can remain in the home unless ordered by the court to leave
- You will be notified of any kind of repossession action being taken against you by the mortgage lender
- If you had moved out of the home, the court could allow you to return
- If the person named on the mortgage fails to make payments, you can pay the mortgage yourself and stop the repossession of the property
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Decide How To Split The Proceeds
At some point in the processthe earlier, the betteryoull need to determine how youll split the proceeds from the sale.
This may be a simple and amicable decision to split the profits 50/50, or it may be a more contentious negotiation around a more complicated division.
In any case, its best to do this before you list the house, not after its sold.
California is a community property state, which means that all the property you acquire during a marriage is deemed to be equally owned by both spouses.
In essence, your house is jointly owned by the two of you, which should equate to a 50/50 split of all proceeds when you sell the house.
This can be complicated if you have a pre-nuptial agreement, however, an aggressive spouse might challenge an equitable split.
This sort of situation often requires the involvement of your individual divorce attorneys.
If you cant come to a mutual agreement, you may end up in court with a judge deciding for you. Its better if you can work the details out between the two of you before youre knee deep in court proceedings.