Selling a property at the best of times can be both challenging and stressful, doing so after a relationship breakdown can often make it even more so.
Firstly, we understand. Many of our staff have been through the exact same challenges you are currently facing right now. I’m sure comments such as ‘things will get better’ are of no use at all, but seriously, they do and they will.
The good news is that there are specific measures you can take to help move forward and start a fresh chapter in your life, some of which we will cover in this blog. We have a comprehensive guide to selling due to a divorce or separation too.
Our experienced team understands the complexities of selling a property during this trying time, and we offer our support and guidance as your partner throughout the process.
Once the difficult decision has been made that the property is to be sold then we can help by offering the best possible advice as to the value of your home and the best way to proceed.
This blog will primarily reference divorce, but the same approach, processes, and tips can be applied to separation as well.
Preparing for Divorce: Covering the Basics
To ensure a smooth transaction, clear communication is essential. First things first, we require both parties to be in agreement, and we need full contact details as well as suitable identification.
Our team can provide you with a market appraisal of your property, either together or separately, as per your convenience. After agreeing on an asking price, we will prepare sales particulars and arrange for one of our valuation experts to visit your home before launching it into the marketplace. All viewings will be accompanied by a member of our sales team, and any feedback will be shared with both parties.
It is important that we know your onward plans as soon as possible to avoid any complications. You will need a Conveyancing solicitor to handle the sale of the property; we can assist you by contacting local solicitors who will provide you with a quote for the sale transaction. Your conveyancing solicitor will need to be giving joint instructions with regards to the distribution of the proceeds from the sale.
Admin plays a big part in the process too, so let’s make it as smooth as possible by addressing these important considerations early on.
Divorce can be a complex and challenging process, but being prepared can make it less daunting. From family finances to property and even pets, there are many factors to consider.
Selling a property can be a challenging process, with many legal and financial considerations to take into account. Here are some useful tips to help simplify the process and ensure a successful outcome:
- Seeking legal advice is crucial to understand any legal implications that may arise throughout the process. A qualified solicitor can guide you through financial settlements and offer support in negotiations.
- If you have a mortgage, consider informing your provider of the situation. They may be able to provide assistance or offer options to temporarily reduce your mortgage payments while you sell the property.
- Once you’ve hired a solicitor, it’s time to contact an estate agent (Sims Williams!). Ensure that both parties involved sign the sales agreement, even though only one is legally required. This will help create a smoother process for everyone involved.
- Communication is key. Regular updates about viewings, feedback, offers, and progress are essential to reduce the risk of sales falling through. In case of conflicts, mediators can be used to help maintain transparency and keep the process on track.
Remember, selling a property can be an emotional experience, but by following these guidelines, you can ensure a successful outcome.