Even the best of divorce proceedings are complex, to put it mildly. It is overwhelming when you consider the stress that selling a home brings. Now add to that the trappings of divorce on less than friendly terms.
When it comes to property division in a Massachusetts divorce, one of several things can happen:
1) You sell the house and split the proceeds in some proportion, either voluntarily or by court order
2) You keep the house by “buying out” your spouse’s ownership interest
3) Vice versa
Your first step is to determine your legal obligations in the divorce. Has the court ordered a sale? If so, when is the deadline? What are the requirements for a sale to take place? You’ll likely want to review these questions with your attorney.
As stated above, in some cases, you may be able to “buy out” your spouse’s ownership if you have the funds to do so and want to stay in the house.
But assuming that situation does not apply to you, you’ll now have to determine the best method to market your home for sale. A traditional listing or a FSBO (for sale by owner) are not your only options. Read on to find out the easiest way to sell your house in the Boston area after a messy divorce.
Typically, after a Massachusetts divorce, the last remaining issue is to sell your house in Boston and divide the profits as quickly as possible, bringing any remaining business matters to a close.
Did you know that a direct cash buyer can ease this headache by guaranteeing your closing date in as little as seven days (or as long as you and your spouse need)? However, there is no such guarantee if you choose the traditional route of listing with a real estate agent or attempting to sell the home independently. Also, the question of who the agent will be is sometimes a contentious one, especially in divorce situations.
Regrettably, as the house lingers on the market, the monthly expenses for holding the property continue. Sadly, the longer a home is on the market, the interest in the property drops along with the listing price. Thus, choosing the easy solution of making a direct sale to a professional home-buyer, like those at Homevisor, can save you time and money during an already-stressful period.
Quite often, doing the repairs necessary to list the home causes undue stress for sellers, who cannot afford the work and are not physically able to perform the task themselves. Or even worse, once they’ve entered into a contract, they worry about the outcome of the inspection with a feeling of impending doom. Buyers may back out of the deal or demand outrageous credits taken off the sales price.
Of course, another option is to just sell your house in Boston on the market “as-is”. However, if any offers do come in, you can expect them to be insultingly low offers; most retails buyers looking through market listings want homes that are already in move-in condition. A direct buyer like Homevisor will explain how much you would earn with a traditional listing on the MLS compared to a cash offer. You can then determine which sales method is best for you.
Marketing and Dealing With Realtors
When you sell your house in Boston with a real estate agent, they’ll recommend staging the home, a method of presenting your house as a blank slate, free of personal possessions that may interfere with the potential buyers envisioning themselves in the space.
Top agents use the latest technology to their advantage. They wouldn’t list a home without a virtual tour, and high-quality professional digital photography of your home is a must to stand out against the competition. By working with a direct buyer to lighten your load a bit, you’ll save time and money because you won’t need to worry about paying for marketing, professional stagers, photographers, and drone pilots, in addition to the real estate commissions.
Cleaning and prepping for showings can put you through the wringer when you sell your house in Boston after going through a messy divorce. At the very least, you should add a touch of fresh paint, keeping the staging guidelines in mind for color selections. In addition, given the changes in societal norms and social distancing, discuss limiting the number of people who walk through the home with your real estate agent and give strong consideration to 360-degree video of the house, narrowing the exposure of your property even further. On the other hand, you can leave your worries about strangers coming through your home behind and skip the showings by selling directly to a professional home-buying company like Homevisor; you’ll save time and money because you can just skip the cleanup. We’ll handle your unwanted leftovers, too; just take the boxes and furniture you want and leave everything else behind.
In traditional home sales, the closing date is also the move-out date. There is typically little to no flexibility as the buyers will be moving into the home as their primary residence. Life doesn’t always work out conveniently, and sellers often find themselves pressed for time, having to move temporarily until their permanent housing is available. You could ask your agent to negotiate with the buyers and create a leaseback, whereby you rent the property after closing for a given period. In contrast, when you sell your house in Boston to a direct cash buyer, the closing date can be at any time that is convenient for your plans, so you can move when you’re ready.
Homevisor Can Help
If you’ve gone through a difficult divorce and are ready to sell your house in Boston, Homevisor will make the process as smooth and easy as possible. Contact Homevisor at 508-233-0383 today to learn more!