Your home is your biggest asset during a divorce but what if you find out that you and your spouse owe more money on the marital home than the house is worth. We discuss what options are available to us when we have negative equity in your home.

Deciding when to sellDeciding when the right time to sell the house is important and is based off of several factors. Here are some questions to ask when deciding when to list:

How much time is needed to make repairs and prepare the home for sale?

Can we afford to wait for the best season to sell?

Is your mortgage up for renewal soon? How much will the break mortgage penalty be?

Price is the number one factor in the sale of a home. A property is only worth what one person is willing to pay another to gain ownership of it.

Your Realtor will ensure you receive a price that works and will attract buyers. To figure out what to list your home for one must establish the home’s current market value. Market value is what you could expect to pay for a property of its kind.

When it comes to preparing and staging a home when putting it up for sale, there is no difference if it is a regular sale or a sale because of a divorce. Our goal is the same, where we want a quick sale and for top dollar. The only difference between a regular sale and a divorce sale is; that we have to prepare the home and make it look like it is not a divorce sale. Our goal is still to get top dollar, we don’t want to look desperate and have buyers think we want a quick sale and we will take any price that is offered.

Conducting a title review is so important when selling a home as it brings transparency to the sale of the home and it can help protect buyers from potential legal issues and disputes that may arise in the future.