There are approximately 2,015,603 marriages in the United States each year. Unfortunately, about half of those marriages end in divorce for various reasons.
Divorces create complications dealing with custody, finances, and homeownership.
Most people decide to sell their homes in hopes of splitting the money or starting fresh.
Keep reading to learn about eight tips for selling a house after a divorce.
1. Create a Budget
Divorces can become expensive when dealing with legal fees, splitting assets, filing petitions, etc. These financial burdens can lower your savings, making budgeting crucial. One of the biggest things you’ll need to budget for is selling your house.
Many people think that selling a home is as simple as listing it. However, there are many expenses associated with selling a house quickly.
You’ll need to create a realistic budget to maintain during the process. Some things to include in your budget include:
- Realtor fees
- Repairs
- Upgrades
- Advertisements
- Movers
Always budget more than you think you’ll need. Unexpected issues could arise at any time, meaning you’ll need more money.
2. Hire a Realtor
Hiring a realtor is a significant step to take when selling your home. A real estate agent will handle most of the selling process, leaving you to focus on more important things. You’ll want to find a realtor who knows your area’s market and land well.
Your realtor will list your home on the market by coming up with a reasonable asking price. These agents will also handle all offers and negotiate to get you the best price. They will consult you to figure out the lowest amount to accept.
A real estate agent is also an excellent asset for those selling a house for cash. They will reach out to their many contacts to find buyers that meet your needs.
3. Advertise Your Home
One of the best ways to sell a house is to advertise it as much as possible. Your realtor will handle the listing side, but you can also contribute by promoting it yourself. This tactic will get more eyes on your property in hopes of selling it quickly.
Start by posting your home on all of your social platforms. Doing so will let all of your friends, family, and acquaintances know about the sale. Word of mouth will spread, getting you more interest in your home.
You can go a step further by posting your home for sale in your local newspaper, apps, and websites. Remember, the more people who see your advertisements, the better.
4. Make Repairs and Upgrades
Depending on your area, many homes can be for sale at once. Therefore, you’ll need to make sure your home is in good condition and is ready to sell. A house in poor condition can scare potential buyers away since many buyers won’t want to make lots of repairs after moving in.
Start by tackling any significant repairs on the property. These repairs usually cost more money and could take up a lot of your budget. If you still have room in your budget, you can focus on more minor repairs.
Another way to get your home sold quickly is to make upgrades throughout the home. These upgrades will enhance the house, making it look and feel nicer. Upgrades to consider include:
- Lighting
- Appliances
- Windows
- Flooring
- Toilets
Buyers will appreciate these upgrades since they won’t have to make any replacements directly after moving in.
5. Stage and Show
Selling a house fast is the primary goal of many sellers. However, not all sellers properly show off their homes to buyers.
Most interested buyers will want to have a detailed tour of your home before considering an offer. They will want to imagine their lives within the house and get a good feel for the layout. Therefore, it’s your job to stage the home appealingly.
Staging your home will take some time as you redecorate. First, remove any personal pictures or decorations from each room. Doing so will make the home feel more approachable for those taking a tour.
Then change any unique furniture, and declutter each area to make the rooms look larger. You’ll also need to change the paint scheme to a neutral option so that buyers can envision their styling.
6. Tie Up Loose Ends
One of the last steps for selling a house is to tie up loose ends quickly. The longer it takes you to move out, the longer it’ll take to finalize the purchase. These loose ends include changing your address, ending services, packing, etc.
Your realtor can finalize the paperwork once you’re entirely out of the home. Doing so will create a sooner closing date, which is convenient for both parties.
7. Divide the Profit
Dividing the profit from the property is one of the last things you’ll need to do when selling. It may be good to involve a lawyer to avoid further conflict. They will go over the divorce contract and ensure everyone’s needs are met.
The dividends should be determined before the closing date, so the process is not delayed. Both parties will be held responsible for upholding the agreed-upon split of profit.
8. Finalize Paperwork
Once you have agreed to an offer, you can begin the paperwork. Your realtor will handle most of the paperwork needed, and you will need to review each form. The title company will also need your consent and signatures to transfer the home to the new owner.
Tips for Selling a House Quickly
These tips for selling a house after a divorce should help ease the entire process. Hopefully, you’ll be able to start fresh once you find a new home and your divorce is settled.
Don’t forget to contact us today to get a cash offer on your home! We will take the best care of you here at We Buy Houses!
