How To Sell Your Thanet Home After A Divorce Or Separation
17/02/2023 1245



Selling a home after the breakdown of a long-term relationship can be a daunting prospect that throws up a mix of emotions and challenges.


You may be sorry to say goodbye to your home but eager for a fresh start. Or keen to stay put but unsure of the financial practicalities.


Whatever your situation, there’s a lot to sort out and some big decisions to make. But you don’t have to figure it out alone. 


Here at Cooke & Co Estate and Letting Agents , we’ve helped many clients sell a home in the wake of a divorce or separation.


We’ve compiled this simple explainer to help you understand what’s involved. 


Legal advice


You’ll need a good lawyer to explain the process and answer questions specific to your situation – for example, what happens if children are involved, or one party wants to buy the other out. Most lawyers recommend staying in the property until the settlement is finalised. If you feel it’s imperative to move out, seek legal advice first.


Mortgage considerations


Tell your lender that things have changed. Sometimes it’s possible to negotiate a mortgage holiday but only stop making repayments if your lender has agreed to the change.


Speak to your ex


Okay, this one can be tricky, and sometimes, it’s not feasible. But to get the sale moving, you’ll need to agree on an agent and selling price and then prepare the property for sale. If the two of you can’t talk it out, consider using a mediator.


Select an estate agent

 

Tempted to get things done and dusted quickly by using a quick sale company? Don’t! Hold your nerve. They’ll knock you down on the price in return for a speedy deal. Instead, get three valuations from traditional estate agents and choose the one that impresses you most. You’re looking for professionalism, market insight and people skills (they might come in handy later!). 


Moving preparations


The next steps can be draining, so enlist a friend or family member for support. Once you’ve accepted an offer, divide your possessions with your ex-partner and prepare for the removalists. If you’re squabbling over who gets what, try and compromise or sell the item and divide the money evenly. Emotions can run high at this particular point but remain focused on the end goal – starting the next chapter of your life.

 

If you have any more questions, don’t hesitate to get in touch with us at Cooke & Cop Estate and Letting Agents . We’re here to help.



 

 

 

 

Please Click Here to link seamlessly to hundreds of interesting community and property-related articles, videos, and pictures on our local blog/property insights page, Thanet coastal interactive tour, Up to date latest properties for sale and to rent, and much, much more.

Before you go we would love you to comment or like this article. Please feel to give your thoughts, helpful comments or even suggestions of articles you would like us to write about.

Leave a comment

Add Comment
Category : divorce

Search