As of late, we’ve gotten many calls from people asking us how to sell a home in Los Angeles during a divorce. With over 50% of American marriages ending in divorce, many Los Angeles CA residents are looking for advice on how to sell a home during a divorce.
There are a few ins and outs when it comes to selling your home during a divorce…
A home is one of the most valuable joint assets, and obviously cannot be divided without first liquidating. While a divorce is one of the most stressful and emotionally charged life events, it’s important to remain rational. There are several factors to consider when facing a divorce in a real estate market that has yet to rebound from the housing bubble burst.
Determine If (or When) You Need to Sell
In many divorce cases, one spouse will keep the home, buying out the departing spouse’s share. In other instances, agreements are made where one spouse uses the house for a set period of time (this is usually used when there are children in the home), and then sold at a certain date (usually when the children reach a certain age).
Get Professional Help – Agents and Home Buyers / Investors
Selling a home during a divorce is a difficult process when everything is going right. During a divorce, you have a lot going on, and a lot to consider. You shouldn’t take on the task of selling your home yourself. You may have disagreements with your spouse about selling price or other issues. By working with a real estate professional, either a reputable agent or a real estate investment firm, you’ll both have a neutral third party who can help you determine a fair selling price and handle the marketing of your home.
If you need to sell your Los Angeles house fast… reputable local real estate investment firms like John Medina Buys Houses may be a great option. Companies like ours actually BUY HOUSES (rather than listing them as agents do). Real Estate Investors pay cash and close quickly, which is especially important if you need to sell the house sooner than later.
If you can wait the time it’ll take to list it with an agent and sell it on the open market, going with a real estate agent is your best bet. If you can’t wait the 3-9 months it sometimes takes to sell a house in this market in Los Angeles, call us to see what cash offer we can make to buy your house.
Set and Stick to a Timeline
It’s important when selling your house during a divorce to keep a timeline. You should put your home for sale in advance. Set firm closing dates, moving dates, and times, and coordinate which spouse will be handling the sale (or talking to the real estate agent). Make sure that each of these agreements is in writing, and negotiate penalties for breaching the agreements. This helps ensure a smooth, surprise-free home sale.
Selling Your House Fast For A Fair All-Cash Price
One option that many divorcing couples have turned to in recent years is making a quick sale to a real estate investor like John Medina Buys Houses. Reputable local real estate investors like us, purchase houses quickly and without stress, and the process can often take as little as seven days.
Deciding how to sell a marital home in Los Angeles doesn’t have to be as stressful as the divorce itself! By protecting each party with a qualified real estate agent or simply jointly deciding to sell and selling fast to a real estate investment firm like John Medina Buys Houses, to move the process as quickly as possible and according to an agreed-upon schedule, all parties can walk away from the sale without stress.
If you want to discuss your situation with your divorce and see if we can help you save time, reduce stress, and get out of this situation fast.
We’ll come directly to your home to evaluate it (this must be done in-person on the property), and make you a fair all-cash offer if it all works out. Know that you can decide if selling your house to us is the best fit for you there is never a high-pressure sale here at John Medina Buys Houses.