If you’re wondering about the ins and outs of selling your home during a divorce in Chicago IL… we’ll dive into the steps and things to look out for in this article.
With over 50% of American marriages ending in divorce, many Chicago IL residents are looking or advice for selling a 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 (and when) You Will Be Selling Your Home During Your Divorce in Chicago
In many divorce cases, one spouse will keep the home, buying out the departing spouse’s share.
In many cases, 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 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 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 Chicago house fast… reputable local real estate investment firms like Blue Ladder Development may be a great option. Firms like ours actually BUY HOUSES (rather than listing them like agents do)… and we pay cash and can close quickly if you need to sell this house fast.
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.
But if you can’t wait the 3-9 months it sometimes takes to sell a house in this market in Chicago… chat with us to see what we can offer you for your house during your divorce.
Set (and stick to) a Timeline
Having a clearly defined timeline for the sale of your Chicago house during a divorce is absolutely critical to ensuring a smooth process. There are many moving parts involved in the process of selling your Chicago house so having a specific timeline in writing before you begin the process will help you manage the process most effectively.
Get started on building your timeline by creating a list of items you’ll need to complete in order to sell your house. Once you have put together your to-do list for selling your house meet with a real estate agent to learn more about all of the steps required in order to sell your house. Be sure to add these additional steps you discover from the meeting to your to-do list.
Now that you’ve put together an in-depth to-do list, you’ll want to arrange each action item into the appropriate order of completion over time. Next write down a target date of completion for each required step and negotiate penalties each party will incur for not completing the required step listed on the timeline. Having a specific and detailed document outlining the timeline of the process will help ensure a smooth and surprise free home sale.
If you are feeling overwhelmed and don’t have the energy/time to go through this onerous process then consider the option of selling to a professional home buying company.
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 Blue Ladder Development.
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 Chicago 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 Blue Ladder Development, 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 with your divorce and see if we can help you save time, reduce stress, and get out of this situation fast…
Give us a call anytime at 630-387-6861 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, just reach out and lets chat.