In this article we will explore the ins and outs of selling your home during a divorce in Portland OR.
With over 50% of American marriages ending in divorce, many Portland OR residents are looking for advice for selling a home during a divorce.
A home is one of the most valuable joint assets and cannot be divided without first liquidating. While a divorce can be a stressful and emotionally charged events, it’s important to remain rational. There are several factors to consider when facing divorce in a real estate market that has yet to rebound from the housing bubble burst.
Determine if (and when) You Will Be Selling Your Home During Your Divorce in Portland
In many divorce cases, one spouse will keep the home and buy out the departing spouse’s share.
Sometimes agreements are made in which 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 is a difficult process in and of itself.
During a divorce, there is a lot going on and a lot to consider. You shouldn’t take on the task of selling you 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 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 Portland house fast, reputable local real estate investment firms like Portland Wholesale Property may be a great option. Firms like ours actually BUY HOUSES instead of listing them like an agents would. We pay cash and can close quickly.
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 can’t wait the 3-9 months it sometimes takes to sell a house in this market in Portland, chat with us to see what we can offer you for your house during your divorce.
Set (and stick to) a Timeline
When selling your Portland house during a divorce, it’s important 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 are 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 Portland Wholesale Property. Reputable local real estate investors purchase houses quickly and without stress. The process can often take as little as seven days.
Deciding how to sell a marital home in Portland 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 to a real estate investment firm like Portland Wholesale Property and moving the process as quickly and according to an agreed upon schedule, all parties can walk away from the sale without stress.
If you want to discuss your situation to see if we can help you save time, reduce stress, and get out of this situation fast…
Give us a call anytime at (503) 334-4150 or
fill out the form on this website today! >>
We’ll evaluate your house, make you a fair all-cash offer, and you can decide if selling your house to us is the best fit for you. We’re here for you.