If you’re wondering about the ins and outs of selling your home during a divorce in Baltimore MD… we’ll dive into the steps and things to look out for in this article.
With 40-50% of American marriages ending in divorce, many Baltimore, MD residents are looking for advice regarding whether to and possibly how they could sell their home after a divorce.
A home is one of the most valuable joint assets a couple will ever own. Given the nature of the asset, it must first be liquidated before it can be divided. When a couple is facing a divorce, there are several factors to be considered when determining what to do regarding shared assets. It may be especially difficult given that the current Maryland housing market is fast approaching the bubble burst of 2008.
4 Steps For Selling Baltimore Home During a Divorce:
1. Determine if (and when) You Will Be Selling Your Home During Your Divorce in Baltimore
In many cases, one spouse will keep the home, buying out the departing spouse’s portion of the home.
Other times, 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 or are expected to leave the home).
2. Seek Professional Help – Agents and Home Buyers / Investors
Selling a home is often a difficult and lengthy process, even when everything is going right.
During a divorce, there are additional stressors and difficulties. One way to ease the process is to pass on the task of selling your home to a professional. There may be disagreements with your spouse about selling price or other issues. By working with a real estate professional… either a reputable agent or Baltimore real estate investment firm, you’ll have a neutral party who can help you determine a fair selling price and handle the marketing of your home.
If you need to sell your Baltimore house fast… reputable local real estate investment company like Creo Home Solutions may be the perfect option for you. Companies like ours pay cash and, if you need to sell fast, can often close quickly.
If your home is in great condition and you have the time it’ll take to list it with an agent, going with a real estate agent is likely your best bet.
But if you can’t wait the 3-9+ months it may takes to sell a house in this market in Baltimore… chat with us to see what we can offer you for your house during your divorce.
3. Set (and stick to) a Timeline
It’s important, when selling your Baltimore house during a divorce to keep a timeline.
You should put your home 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). Be sure that each of these agreements are in writing, and negotiate penalties for breaching the agreements.
This will help to ensure a smooth sale of your home.
4. 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 Baltimore real estate investor like Creo Home Solutions.
Reputable local real estate investors like us, purchase houses quickly and help to minimize potential stress in the sale of your Maryland home. The process can even take as little as seven days, but will usually take 30-45 days.
Deciding how to sell a marital home in Baltimore 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 Creo Home Solutions, and moving the process quickly and based on an agreed upon schedule, all parties can walk away from the sale without added stress.
If you wish to discuss your situation to see if we can help you save time, reduce stress, and get out of this situation fast…
Give us a call anytime at (410) 870-9228 or
fill out the form on this website today! >>
We’ll evaluate your house, and based on current market conditions we’ll make you a fair, no-risk, no-obligation all-cash offer. You decide if selling your house to us is the best fit for you and if not, we’ll do our best to help connect you with someone is.