Divorce is a very difficult time in most people’s lives. From the heightened emotions to the dramatic outbursts that are bound to come up when two spouses split up, going through a divorce is sure to be incredibly tough. However, in most cases, this is made infinitely worse when there is a house that needs to be sold as well. If you’re currently going through a divorce and need to sell your house, you’ll know that in this instance, it is not very easy to multitask. In this blog, we’re going to take a deep dive into everything that you need to know about divorce; we’ll walk you through the most common home sale options that you can turn to when selling your house under divorce conditions, talk about some of the reasons why selling a house during a divorce is so hard, then provide you with a few tips that will help you ease the process.
But before we can begin, we’d like to share an extremely effective solution with you if you’d like to sell your house without all the hardship and struggles that most divorced couples have had to go through. Selling a house under normal conditions is no easy task; however, when you’re going through a divorce, it gets even harder. So why not choose an easier home sale option. Instead of hiring an agent, you could reach out to our company and receive a cash offer today. Here at FastPath, we buy houses in Minneapolis MN, and throughout the greater state of Minnesota. We offer great prices and make the home sale process as easy as pie. In addition to this, we are prepared to close any deal in as little as 7 days. So call us at (612) 351-2384, or fill out the short form below, and we’ll help you sell your house Fast!
Everything You Need to Know About Selling Your House During Divorce in Minnesota
Here is our guide through selling your house during a divorce.
In general, selling a house is no easy task. However, the difficulty level instantly goes from beginner to advanced when you throw a divorce into the mix. If you and your spouse’s relationship has not deteriorated to such an extent that you still can part cordially, then things might not be so bad. However, most divorces do not go this way. So you’ll need to prepare yourself for the tough journey ahead.
Taking the time to learn more about the finer details of the home sale process when selling your home during a divorce will be sure to help you resolve everything as quickly as possible. You’ll need to learn more about the process and find out why a traditional home sale (working with a real estate agent) is made so much more difficult during a divorce. This will then help you find a few solutions and preventable measures for the tension and heightened drama that makes selling a house during a divorce so unbearable, which is essential if you’re hoping to sell your house without incident.
So let’s dig in…
Introduction to Selling Your House During a Divorce
Let’s start with a quick introduction to selling your house whilst going through a Divorce in Minneapolis MN.
Almost everyone knows the basics when it comes to selling a house. These are that a homeowner will typically hire a real estate agent who will pursue buyers on their behalf until an offer is made and the home is eventually sold. Now, while there is a whole lot of filling in between that particular sandwich that makes selling a house quite a difficult task no matter where you are in the country (such as the paperwork, the expenses, the cleaning for showings, etc.), in it’s simplest form, selling a house is still pretty straight forward. So then the question becomes, why does divorce then make everything so complicated.
Well, to answer this question, we’ll need to talk about why people sell their houses during a divorce in the first place. During a divorce, all the couple’s combined assets are split so that each party can walk away. And when it comes to splitting money, cars, or even silverware, this process is pretty easy. Usually brutal (because fights over assets can sometimes turn into an open winner takes all war), but easy nonetheless. However, things get a little more complicated when it comes to properties and homes.
Because a house is not like any other asset, it’s a little more difficult to divide equally. You can’t just cut a house in half like you would a large sum of money. As such, in most cases, the solution would then be to sell the house and split the sale profits.
But since both parties are co-owners and named on the deed, the divorcing couple will need to sell the house together. This is usually where all the craziness begins.
When a loving couple has reached a level where they require a divorce, they’ll usually be in a place where each individual can’t stand the other. As such, working with your Ex in order to sell a house is bound to be problematic. This brings us to our first point:
- Arguments and Disagreements: it’s important to realize that whilst most people can be civil and mature, couples that are divorcing each other rarely are. As such, home sale proceedings that unfold during a divorce are in for a bumpy ride. If you have a bone to pick with your ex-husband/wife, this is going to make working with them on anything at all feel impossible, even if it’s a charity benefit for injured puppies. Your default setting will be to disagree and fight with them, even if what they’re saying vis-à-vis the sale of your house is understandable and reasonable.
This issue usually makes it quite difficult for the home sale process to proceed. Strong arguments and disagreements when selling a house have the power to scare away buyers, as well as slow everything down monumentally, which can sometimes be fatal for the sale of a house. As such, it is very important to be objective and to make sure that you and your spouse’s differences are not getting in the way of your common goal (which is to sell the house and split the money as quickly as possible).
Introduction to Selling Your House During a Divorce
Here are some key home sale options that you can turn to when selling your house during a Divorce.
But sometimes, the problem named above may not be your biggest rivals when it comes to selling your house. It’s possible that both you and your spouse may be mature enough to look past your differences and work as a unit for the sale of your property, but things may still be very difficult. In these cases, the way that you approached the sale of your house, as well as the home sale option that you choose, will likely be the main things that are working against you.
So next up, we are going to talk about some of the options that divorced couples can consider when selling their houses, as well as share some information that will help you get started in whichever home sale method you choose. These sale methods will give you options at an emotional time, which can be a lifesaver
Go Through a Real Estate Agent
If you’re trying to sell your house during a divorce, you could always take the traditional route and sell through a real estate agent. If you do, you won’t have to worry about many of the nitty-gritty details associated with a home sale, such as finding buyers and drawing up contracts. Your agent will take care of all this for you. However, you’ll be responsible for all the expenses involved (such as the cost of advertising and staging), as well as paying your agent for their services through a percentage commission. This can all be very expensive, and it will eat into your overall home sale profits.
Put it Up for Auction
Alongside the workload and expense, one of the main reasons why people tend to shy away from selling with real estate agents is because of the prolonged waiting period. On average, it takes between 3-6 months to sell your house traditionally. And this can be quite an ordeal to live through if you’re in the midst of a heated divorce, especially considering that you and your ex-spouse will basically be attached at the hip until your house is sold.
If you’d like to avoid this, you could try selling your house through an auction. With this sale option, you’ll simply visit the local auction houses within your area and pay an auctioneer’s fee, then sit back and relax while your property generates bids, then sells. As such, it’s a much faster way to get your house sold, which will help you finalize the divorce and move on with your life that much quicker.
Be that as it may, you should also be aware of the fact that auctions rarely ever produce as much money as any other home sale option. So it’s important to tread cautiously if you choose to pursue this particular sale option.
Or Try Selling Directly to FastPath
Another option – and maybe the best one if you need to sell your house quickly during a divorce – is to sell directly to our company, FastPath Home Buyers. If you do this, you can expedite the whole process, get a fair value for your house, and avoid all of the headaches you’d typically experience with a traditional home sale.
The whole process of selling your home to our company – for a fair cash offer – can take as little as seven days. At most, it will take up to a maximum of 30 days, which is far better than the 3-6 month waiting period you’d usually expect with a real estate agent. Visit our How it Works page to learn more about our process, and what we can do for you. When we buy your house, we’ll pay cash, so you won’t have to sit around waiting for a retail buyer to get a loan, or worrying about your deal falling through. Additionally, you won’t have to worry about paying for expensive repairs and updates as well. We accept homes “as-is”.
Do you have more questions: Maybe you’re wondering “What if My House Doesn’t Sell During Divorce”, or you’d like to know how best you can approach the sale of your property when you and your spouse are fighting. Whatever questions you have, we’re more than happy to answer them. Simply call (612) 351-2384 or fill out the short form down below, and we’ll get back to you with all our advice that will help you make the sale of your home as smooth and seamless as possible, even when you’re doing so during a divorce.
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