Getting divorced is hard enough as it is. But having to determine how to sell a property fast in Missouri during a divorce only adds to the difficulty and stress of a collapsed marriage. However, there are ways to make the divorce home selling process as seamless as possible. Each case though is dependent on how cordial or embittered a couple is.
The house is often the last item dealt with in a divorce, as it’s one of the more emotionally charged aspects. In addition to finding a completely neutral realtor, the most important aspect of learning how to sell a property fast in Missouri during a divorce is the timing. March and April are two of the best months to put a house on the market as a lot of relocations occur in May. Early buyers will swoop in to look for houses in March if they’re aiming to move in May.
Putting a house on the market in the winter does have downsides. Potential buyers don’t want to trudge through the snow and cold. However, there is some hope as a lot of houses are sold between Christmas and New Year’s. Those looking in the winter generally have showed no form of constraint forcing them to buy at that time, so a seller might have some luck during the winter.
If you can’t decide how to sell a property fast in Missouri during a divorce, there are other options for couples to consider. One option is that one party, if they can afford to do so, can buy out the other party. Another option is to not sell at all. This option is used during challenging economic times where selling a house is difficult. But in most divorce cases, both parties simply want the liquid assets and once they have determined how to sell a property fast in Missouri during a divorce, opt to sell.
If the house’s mortgage has not been fully paid off, which is usually the case, the amount owed is generally split 50-50 per divorce decree. And deciding who gets the money from the sale follows a similar process–a 50-50 split, where mitigating factors can affect the final dollar payout amounts.
While going through a divorce can be emotionally draining, both parties have to be involved when you sell your house. If one party does not want to be involved for whatever reason, they must sign off on not being involved in the transaction. For more information on how to sell a property fast in Missouri during a divorce, contact St. Louis Realty Advisors at (314) 227-0000.