How to Sell Your Home After a Divorce
A home that was once filled with love can become a constant financial burden and source of heartache following a divorce. For this reason, divorcees often make the decision to sell their home and move on with their lives. Once this decision is made, the long and difficult process of selling a home can begin. In this article, we will be discussing how you can avoid the financial and emotional pitfalls of selling a home after divorce.
The selling process is only as difficult as you allow it to be. Which is why we encourage you to take full control of your life and contact the homebuying professionals at Gateway House Buyers for an instant cash offer. Remember, we pay cash for homes in Clarksville, TN.
Before you sell your home, you must ensure that you are completely disentangled from the obligations of your previous marriage. This is easier said than done, especially when both your names are on the mortgage. One option would be to refinance your home and remove your ex from the deed. Alternatively, you could request a loan assumption from your lender. In both instances, your name would be the only one on the mortgage.
However, these options may be impossible if your ex is uncooperative or your lender refuses your requests due to a lack of sufficient credit or equity. For this reason, the easiest option is to sell your home and split the proceeds with your ex. That said, if you kept the house in the divorce, there’s nothing to stop you from selling your home.
Next, you need to make sure your home is “show ready” if you want to sell your home fast and for the highest offer. This entails rolling up your sleeves and cleaning from top to bottom. At the minimum, you will need a new layer of paint to bring life back into your home. Counters, tiles, and flooring may need to be replaced as well. And it’s not out of the question that you would need to hire pressure washing services, cleaning services, carpet cleaning services, and professional painters to ensure that the job is completed satisfactorily.
You’ve Paid Enough
All told, it could cost you thousands of dollars to get your home show ready. This price is simply outside the realm of possibility for many recent divorcees. But when the cost of divorce is taken into account, selling your home may be the only option. With attorney’s fees, court costs, and other expenses, the average divorce costs about $15,000. This says nothing for the emotional toll that a divorce can have on a person.
Haven’t you paid enough for your divorce? Isn’t it about time that you got paid? If you are divorced and wondering how to sell your home fast, contact Gateway House Buyers. We pay cash for homes in Clarksville, TN.