If you’re wondering about the ins and outs of selling your home during a divorce in Roanoke VA… we’ll dive into the steps and things to look out for in this article.
Divorce can be challenging and emotional. Yet, in the midst of the difficult situation, you might be like other divorcing couples who own a house and are trying to figure out how to go about selling your house while divorcing in Roanoke. Here are our best strategies and ideas to help you navigate the real estate portion of your divorce as carefully and efficiently as possible. Selling your home during a divorce can be a complex process, but with the right guidance and support, it can also be a fresh start and a step forward.
With over 50% of American marriages ending in divorce, many Roanoke VA residents are looking for advice for selling a home during a divorce.
A home is one of the most valuable joint assets, and obviously cannot be divided without first selling it. While a divorce is one of life’s most stressful and emotionally charged events, it’s important to remain rational. There are several factors to consider when determining wither you should sell your home during a divorce.
Determine if (and when) You Will Be Selling Your Home During Your Divorce in Roanoke
In many divorce cases, one spouse will keep the home, buying out the departing spouse’s share.
It’s important, when selling your Roanoke house during a divorce to keep a timeline. You should put your home for sale in advance. In many cases, agreements are made where one spouse uses the house for a set period of time (this is usually used when there are children in the home), and then sold at a certain date (usually when the children reach a certain age).
Divorcing couples who are selling a house during a divorce in Roanoke need to agree on a listing price for the property.
When Both Parties Want To Sell The House in Roanoke VA During a Divorce
Under the best scenario, the couple has built up equity in the property and both want to sell. In this case, the process of selling a house in divorce in is relatively straightforward.
Divorcing couples who are selling a house during a divorce in Roanoke need to agree on a listing price for the property. They also must agree on a schedule for showing the home and determine who is going to pay what costs involved with the sale.
Then, couples who are selling a house during a divorce need to decide whether the proceeds will be distributed or placed in an escrow account.
Placing the proceeds into escrow can help avoid problems later, such as paying capital gains taxes on the sale after the divorce.
Determine The Value Of The Home
Before putting your home on the market, it’s important to have a realistic understanding of its value. You can work with a real estate agent to get a comparative market analysis, which will give you an estimate of your home’s value based on recent sales of similar properties in your area.
Once you have an estimate of your home’s value, you and your spouse will need to agree on a sale price. This can be a difficult decision, especially if one of you wants to sell quickly and the other wants to hold out for a higher price.
Get Professional Help
Work with a real estate agent who specializes in divorce sales: A real estate agent who has experience working with clients going through a divorce can provide valuable guidance and support throughout the home selling process. They can also help you understand the legal and financial implications of selling your home during a divorce.
During a divorce, you have a lot going on, and a lot to consider. You shouldn’t take on the task of selling you home yourself. You may have disagreements with your spouse about selling price or other issues. By working with a real estate professional you’ll both have a neutral third party who can help you determine a fair selling price and handle the marketing of your home.
Set (and stick to) a Timeline
It’s important, when selling your Roanoke house during a divorce to keep a timeline.
You should put your home up for sale in advance. Set firm closing dates, moving dates and times, and coordinate which spouse will be handling the sale (or talking to the real estate agent). Make sure that each of these agreements are in writing, and negotiate penalties for breaching the agreements.
This helps ensure a smooth, surprise free home sale.
Selling Your House Fast For A Fair All-Cash Price
One option that many divorcing couples have turned to in recent years is making a quick sale to a real estate investor like Linken Investments
Reputable local real estate investors like us, purchase houses quickly and without stress, and the process can often take as little as seven days.
Deciding how to sell a your home in Roanoke doesn’t have to be as stressful as the divorce itself.
By protecting each party with a qualified real estate agent or simply jointly deciding to sell and selling fast to a real estate investment firm like Linken Investments, and moving the process along quickly and according to an agreed upon schedule, all parties can walk away from the sale without stress.
If you want to discuss your situation with us and see if we can help you save time, reduce stress, and get out of this situation fast…
Give us a call anytime at 540-596-5030 or
fill out the form on this website today! >>
Linken Investments, Roanoke’s Trusted Home Buyer and Seller
Linken Investments LLC. is a local real estate solutions company based out of Lynchburg, VA. We are Roanoke’s Trusted Cash Home Buyers. We have been buying houses for cash in the Roanoke area since 2005. We are also Licensed Realtors in the state of Virginia. Since we are a real estate investment company as well as a licensed and reputable real estate agent, we have multiple ways we can work with you to sell your Roanoke home fast and for the highest price. We provide you a way to see all of your options in one spot, letting you choose whether you want to maximize the price of your sale by listing on the Roanoke area MLS or whether selling fast and simply is more important to you.
Our years of experience are one reason clients trust Linken Investments to complete the sale of their Roanoke area property quickly with honesty and integrity. We’re a family-owned business and focus on helping homeowners like you find solutions to your problem whether you’re going through a foreclosure, selling an inherited property, or just need to sell your Roanoke house fast for any reason. Linken Investments offers you the chance to sell your Roanoke home in a simple, stress-free, cash transaction, or you can list the house with us. We’ll sell your Roanoke area house at the highest possible price with our wide buyer network and the best marketing in Virginia.
Linken Investments can buy your home exactly as it is, no repairs or cleaning needed, and we pay all cash and close fast, in as little as 7 days or when it works best for you. Think of all the time and money that can save you. There’s no easier or quicker way to sell your Roanoke house fast and get on with the next chapter in your life. We Buy Houses Roanoke VA.
It won’t cost you any money and only about an hour of your time to find out how much cash we’ll pay you for your house. And you’ll be under no obligation to accept our offer, so you have nothing to lose but a house that’s standing between you and the life you want to enjoy.
Give us a call or text anytime 540-596-5030 or fill out the short form here today!