Divorce is Stressful enough without
stressing about selling your home too.
Sell the marital home
when a couple decides to put the home on the market and split the proceeds.
Why go this route: Selling a home offers a clean break and closure for the divorcing couple. It also can provide each party with cash to cover divorce attorney fees, settle debts, and find (and afford) new living situations.
Keep in mind: If you haven’t owned the home for at least two years, you will have to pay capital gains taxes on any profit. Be sure to check with your tax preparer.
It’s not easy to sell a house during adversarial scenario , either. If you are not on good terms with the other party in the divorce then some mediation might be required, and it is a good idea for both parties to get legal advice so that nobody gets taken advantage of and misses out on what they are entitled to.
Often times, divorcing couples are ready to move out of the home they’re selling and move on, but that can be a mistake. I suggest at least one party stay in the house until it sells.
The problem with both spouses disappearing is that they’ll usually take their stuff with them, leaving behind an empty house that’s less attractive to buyers.
It is imperative that the Home is "Show Ready" in order to Sell Quickly and For Top Dollar!
You could stage the home, a strategy that 39% of seller’s agents say can greatly decrease your time on market, according to research from the National Association of Realtors. But there’s a catch to that –it can become expensive.
Please feel free to contact me to schedule a Free Strategy Session or if you have questions on the current Real Estate Market Conditions in the Tampa Bay Area
Anthony Pera
Phone (727) 860-1196
Licnesed Realtor
email: anthonyperarealtor@gmail.com