In this article, we will delve into the steps and things to watch out for if you’re considering selling your home during a divorce in Belleville, IL. We understand that selling a property during a divorce can be a complicated process, and we are here to help you navigate it.
As over 50% of marriages in the United States result in divorce, a significant number of residents in Belleville, IL may require guidance on how to sell a home during a divorce.
A home is typically one of the most valuable joint assets that couples own and cannot be divided without first being liquidated. Although divorce is one of the most emotional and challenging events in one’s life, it’s crucial to stay level-headed. There are several factors to consider, especially when dealing with a real estate market that has yet to recover from the housing bubble burst.
Determine if (and when) You Will Be Selling Your Home During Your Divorce in Belleville
During many divorce cases, one spouse may choose to buy out the other spouse’s share of the home and keep it. In other cases, agreements may be made where one spouse is allowed to use the home for a specific duration (particularly if there are children involved), after which it will be sold at a specified date (usually when the children reach a specific age).
Get Professional Help – Agents and Home Buyers / Investors
Selling a home can be a challenging process even when everything is going well.
During a divorce, there are numerous factors to consider, and you likely have a lot on your plate. Therefore, it’s not advisable to attempt to sell your home by yourself. You may have disagreements with your spouse about the selling price or other issues. By collaborating with a real estate professional, such as a reputable agent or real estate investment firm, you can have a neutral third party who can assist you in determining a fair selling price and handle the marketing of your home.
Suppose you need to sell your Belleville house quickly. In that case, you may want to consider collaborating with reputable local real estate investment firms, such as Cardinal Creek Properties. Companies like ours purchase houses outright (as opposed to listing them, like agents do) and offer cash payments while closing deals quickly.
However, if you can afford to wait the three to nine months it may take to sell a house on the open market with an agent, that may be your best option.
If you cannot wait that long, talk to us about what we can offer you for your house during your divorce.
Set (and stick to) a Timeline
When selling your Belleville house during a divorce, it’s crucial to keep a timeline in mind.
You should list your home for sale in advance and establish fixed closing dates, moving dates and times, and decide which spouse will be responsible for handling the sale (or communicating with the real estate agent). It’s also essential to put these arrangements in writing and negotiate penalties for any violations.
By adhering to a structured timeline, you can help guarantee a smooth and problem-free home sale.
Selling Your House Fast For A Fair All-Cash Price
In recent years, many divorcing couples have opted to sell their homes quickly to real estate investors like Cardinal Creek Properties.
Reputable local real estate investors like us can purchase homes quickly and with minimal stress, often completing the process in as little as seven days.
Deciding how to sell a marital home in Belleville need not be as stressful as the divorce itself. By enlisting the services of a qualified real estate agent or jointly deciding to sell and quickly selling to a real estate investment firm like Cardinal Creek Properties while adhering to a mutually agreed upon schedule, all parties can exit the sale without unnecessary tension.
If you’re interested in discussing your situation with your divorce and exploring whether we can assist you in saving time, minimizing stress, and rapidly resolving this situation, contact us today.
If you’re seeking to sell my house fast in Belleville, we buy houses in the area and can help you. At Cardinal Creek Properties, we specialize in purchasing houses in the Belleville area, and we can provide you with a fair all-cash offer after assessing your home.
If you want to sell your house quickly, don’t hesitate to contact us today. You can give us a call anytime at (314) 467-8137 or fill out the form on our website to get started.
We’re always here to assist you, and we’re eager to chat with you to determine the best solution for your specific circumstances.