A divorce or separation is a very emotional and often stressful time for many couples. Agreeing on a financial settlement that is fair to both parties is often challenging, so it is advisable to consider all your options, and if possible, avoid the need to go to Court for resolution.
Selling your house quickly may be of great benefit to both parties for the reasons outlined below. If you want to move on with your life sooner, rather than later, then the most convenient solution will be to sell your house fast by accepting a cash offer.
Selling your house quickly speeds up the divorce process
You have options when it comes to dividing property assets during a divorce. You can opt to buy-out of your partner’s share or let them buy you out. You could keep the house and change it to sole ownership. You could transfer all or part of the property in the financial settlement. You could also sell your house quickly to a cash buyer and share the profit.
Selling quickly will give you the cash you need during divorce proceedings and will enable you to make a clean break and move on with your life.
Selling your house quickly reduces costs
If you elect to sell your home on the open market, privately or at a property auction, you will incur costs. Estate agent fees do vary, and can be anywhere between 1% and 3% of the sold property price. An average conveyancing fee will be about £1000 with £46 for Land Registry Search & Telegraphic Transfer Fee.
Selling your house quickly as part of a divorce settlement will also help to reduce the divorce costs. Mediation sessions are unlikely to be required if you both agree to sell and split the profit from the outset. Communications between solicitors will be reduced as it simplifies the agreement, saving you money on letters and emails, which can very quickly amount to hundreds of pounds if agreement can’t be reached.
Sell now before house prices start to tumble
Despite the Chancellors Stamp Duty cut, house prices are forecast to fall 5% this year and 11% in 2021, according to research conducted by The Centre for Economics and Business Research. They also predict that house prices will not recover to pre-pandemic levels until at least 2023. The CEBR thinks the steepest drop in house prices will emerge in the final quarter of this year once the Government’s Job Retention Scheme comes to an end and mortgage payment holidays are curbed. The models predict that property prices will begin to rise again in the third quarter of 2021, but do you want to wait that long?
If you want to move on with your life sooner, rather than later, then the most convenient solution will be to sell your house fast by accepting a cash offer.
How to get a cash offer in hours
At Sell My House Quickly Woking, we aim to make your house sale a fast, convenient and stress-free experience.
You won’t incur any legal costs as we will cover your legal fees, so you pay nothing to sell your house quickly with us.
We just need a few details to get the ball rolling. Simply complete the Sell My House Quickly enquiry form with your name and phone number and we will contact you by return to get a few more details on the property.
Would you like us to make you an offer so you can move on with your life NOW?
Please get in touch with Mark Lloyd at Sell My House Quickly Woking if you have any questions, or you want to request a competitive cash offer to buy your property.
Call: 0800 465373
Text/Whats app: 07703 189658