Selling a house during divorce: Issues to consider
If you’re selling a house during a divorce there are some very important issues to consider including how to resolve a joint mortgage or buying your partner out.
Selling whilst divorcing: some commonly asked questions
Divorce is a stressful situation, and when it’s tied to selling a house it can be even more overwhelming. Here are some common questions we hear about that combination:
✅ Is there a quick way to sell my home if I'm divorcing my partner?
Yes. If you need a fast sale you could speak to a trustworthy property buyer, who’ll pay you in cash and not charge any fees to buy your home on a speedy schedule. Reputable property buying companies should be members of The Property Ombudsman (TPO), so check with the TPO for a list of its members.
✅ Are there any alternatives to jointly dividing the proceeds from selling our house?
Yes. If you’re divorcing you have a number of options for how you proceed with a sale, including the possibility of buying your partner out and taking over complete ownership of the property. If you have the financial ability to do this, you can then sell the house and receive all of the proceeds if you are the only homeowner.
✅ Can my partner and I postpone a house sale until a later date?
Yes. Even if you’re divorcing there is no urgent deadline for you to sell if you’d rather wait until a later date. You can even obtain a court order known as a Mesher order that will specify that the house you jointly own cannot be sold until a certain date or events occurs, such as the youngest of your children leaving the home.
✅ If my home has a problem, should I pay to fix it before selling?
✅ Will I have to pay commission when selling a home during divorce?
✅ Am I blocked from finding a buyer if my partner refuses to sell the home?
Potentially, at least in the short term. Depending on your specific situation, both divorcing partners are likely to have a stake in the property and if one of them refuses to sell the home, it can delay the process significantly. You should always aim to reach an agreement on selling, because the ultimate alternative is lengthy and costly litigation in order to force a sale.
✅ Should I attempt to find a buyer for my property on my own?
Only if you have previous experience with selling properties, or have someone with that knowledge who is willing to help you. Otherwise, it will likely be stressful time as you’ll have to handle every aspect of the sale from the initial listing through to hosting the viewings and exchanging contracts, and you’ll have to pay for the many expenses that are involved.
Are you and your partner divorcing? Sell your home to us and reduce your stress
At LDN Properties we have worked with discretion and compassion helping divorcing couples to sell their homes. If you’re in this situation, call us today at 020 7183 3022 or click on the "Request Offer" button and we can have a chat with you about making a fast cash offer on your home. It’s a simple way to sell your home that we promise will be stress-free.
We’re rated as Excellent
Reviews.co.uk provide independent reviews from other people just like you!
"Successfully sold two properties direct to LDN Properties in the last two years. Genuine and trustworthy people and the dealings were straightforward." – Thomas from London
Company No. 04636129. ICO No. Z7733416. Ombudsman No. D12463.
Copyright 2003 to 2021