If you are wondering about the ins and outs of selling your home during a divorce in Kitchener, Ontario, you have landed on the right page. Here, we will dive into the steps of what to do when contemplating selling your home during a divorce.
With over 38% of Canadian marriages ending in divorce, many Kitchener 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 being liquidated. While a divorce is one of the most stressful and emotionally charged life events, it is important to remain rational. There are several factors to consider when facing a divorce in the real estate market that has yet to rebound from the housing bubble burst.
Determine if (And When) You Will Be Selling Your Home During Your Divorce in Kitchener
In many divorce cases, one spouse will keep the home, buying out the other spouse’s share.
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).
Get Professional Help – Agents and Home Buyers / Investors
Selling a home is a difficult process when everything is going right.
During a divorce, you have a lot going on and a lot to consider. You shouldn’t take on the task of selling your home yourself. You may have disagreements with your spouse about the selling price amongst other issues. By working with either a reputable agent or a real estate investment firm, you will both have a neutral third party who can help you determine a fair selling price and handle the marketing of your home.
If you need to sell your Kitchener house fast, reputable local real estate investment firms like Ontario Property Buyers are a great option. Firms like ours actually BUY HOUSES (instead of listing them like agents), and we pay cash and can close quickly if you need to sell your house fast.
If you can wait the time it’ll take to list it with an agent and sell it on the open market, going with a real estate agent is your best bet.
However, if you can’t wait the 3-9 months it sometimes takes to sell a house in this market in Kitchener, chat with us to see what we can offer you for your house during your divorce.
Set (And Stick To) a Timeline
It is important to keep a timeline when selling your home during a divorce.
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 Ontario Property Buyers.
Reputable local real estate investors like us purchase houses quickly and without stress, and the process often takes as little as seven days.
Deciding how to sell your marital home in Kitchener 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 Ontario Property Buyers, and moving the process quickly and according to an agreed upon schedule, all parties can walk away from the sale without stress.
If you want to discuss your divorce situation and see if we can help you save time, reduce stress, and get out of this situation fast,
Give us a call anytime at 226-778-8950 or
fill out the form on this website today!
We will evaluate your house, make you a fair all-cash offer, and you can decide if selling your house to us is the best fit for you. Selling your home during a divorce does not have to be stressful. We are here for you, just reach out and let’s chat!