7 Essential Steps Divorced Couples Should Take Before Selling Their Home

Selling a shared home can make the already tumultuous journey of divorce highly complicated and emotional. As a well-acknowledged leader in the investment industry and a premier provider of short-term and mid-term rental corporate housing in the Albuquerque Metro area, we understand the difficulties that couples, once married, face when they are divorced in the most unique way. These are the seven steps:

1. Legal Consultation
Proceed only after consultation with your attorneys. It is very important to be well aware of your legal rights and duties regarding the division of your property in this state. Proceeds from this sale should not occur until both parties have come to some agreements for the sale and how they will be divided, so at some future date, there may not be any conflict.

2. Agree on an Agent
In this market, an experienced, competent, and good realtor for selling by divorcing couples really can make a difference. Look for an agent with a strong track record that stays neutral and works towards the best interest of the two parties. Our company offers specialized agents well-versed in these sensitive situations.

3. Professional Home Valuation
The other best idea is to employ the services of a professional valuer for your home, then both parties will have a clear view of what the market value is and be able to set a realistic selling price. We offer expert valuation services to make sure that your property is under fair valuation.

4. Prepare the Home for Sale
First impressions do count. Together, decide on any necessary repairs or improvements that could enhance the home's value. Our team can advise on impactful changes within your budget to increase buyer interest.

5. Document Agreement Details
Record all decisions regarding the sale of the home, including what realtor to use, what to list it for, and even how sale expenses are to be paid and how proceeds are to be divided. This agreement should either be a part of your divorce decree or a separate, legally binding document.

6. Plan Financially for Post-Sale
Think about the money that will be accrued from the sale. Is this money going to be used to pay off some of the joint debts, or is it saved or invested? Planning on the financial aftermath of the sale might avert some disputes and make for a more peaceful transition.

7. Emotional Preparation
Deciding to sell the home after the divorce is not only a financial decision but involves lots of emotions too. Prepare for the times of emotionally letting go of the space that has memories in abundance. It might even be helpful to talk to a therapist or counselor.
​
Conclusion
Selling a house in divorce requires planning, open communication, and professional advice. Taking these seven steps will leave a divorcing couple much better prepared to conduct themselves in a much smoother way in the sale of their shared home, all while keeping this trying chapter in their lives. Our team is here to support you through every step of this process, ensuring a fair and efficient sale. At Helping Properties, we ensure each of our clients is provided with service done professionally and with compassion. Please get in contact at your earliest convenience to help us show how we can be of help and service to you during this very important phase in your life.