If you’re going through a divorce and you’re trying to sell a house, you might be wondering, “what if my house won’t sell during a divorce in Connecticut?” That’s a good question to ask so be sure to read this blog post and we’ll share our best answer with you…
A divorce can be a challenging situation: it’s complicated, it’s expensive, it’s time-consuming, and emotions are running high. And in all that effort you also need to sell your house so that you can split the value of any equity in the house and put it all behind you. But what if your house doesn’t sell? If you’re going through a divorce and wondering, “what if my house won’t sell during a divorce in Connecticut?” then here’s what to do…
What Are The Reasons Your House Doesn’t Sell?
Unfortunately, there are many reasons your house might not sell. Some of the reasons are related to the normal market conditions (and they might be present even if you weren’t going through a divorce). But there might be additional reasons that your house doesn’t sell — for example, maybe you have a complicated divorce or there’s a lot of conflict between each party in the divorce and this makes it too difficult for the buyer to negotiate on the sale of the property. Maybe the buyer is requesting some work/repairs to be done to the house and one party on the seller’s side is ok with saying yes, but the other party says no. Or if the seller’s agree to do the repairs, who will get the quotes and who will decide which quote/contractor to go with? These issues may not seem significant, but when thought through, they can really prolong the sale and cause more problems.
This Delay Adds To The Problem!
If the house is not selling as quickly as you’d like, this just adds to the problem and it ultimately ends up costing you more — in bills and taxes and mortgage payments, as well as in additional attorneys fees, which ultimately simply just adds more stress to an already stressful situation.
Simply put, you might be hoping to get a high price for your house but your divorce could actually be scaring people away and costing you money. If buyer’s become aware of the divorce situation, they may either pass on putting in an offer altogether not wanting to deal with any potential problems with the negotiations, or they unfortunately might try to use the stressful situation to their advantage and present a lower offer knowing there is motivation to sell.
Fortunately there’s another option…
Strategy For Divorce Houses: Sell To A House-Buying Company
Here’s an effective strategy for people who are trying to sell their divorce house — instead of listing the house with a real estate agent and hope that the house sells quickly, sell the house directly to a real estate buying firm like us here at Fair Home Offers CT, LLC. As real estate buyers, we may not always be able to pay the market price for a house… but many divorcing people realize that holding out for a higher price can actually be a costly strategy once you factor in the cost of repairing the property, the carrying costs while you wait months for an agent to find a buyer, and then the agent’s commission (sometimes thousands of dollars). Even though our price might be lower than market price, sellers should keep in mind the benefits of what it means to sell their house to a company like us in as-is condition. No repairs would be required whatsoever!
If you’re wondering, “what if my house won’t sell during a divorce in Connecticut?” and if you want to sell your house fast, a real estate buying firm like ours is the fastest and simplest choice to get the property out from the middle of your divorce, give you money for it, and allow you to wrap up this portion of the divorce proceedings.