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What are your options for selling the marital home after divorce?

| Jul 13, 2021 | Divorce

Divorce in California can be complex and emotional. However, you have options when it comes to selling your marital home once your marriage is over. This is one of the means by which your assets can be split during the divorce proceedings. Having a guide for selling the marital home can help both you and your former spouse.

How should you sell your marital home?

You can sell your home either during or after your divorce. Regardless of your choice of when to sell, there are three options for selling your marital home. They include the following:

  • Sell it to a real estate investor: A real estate investor might buy your marital home for cash no matter what its condition. You can also get money for the sale within as little as a few days. Real estate investors may be your best option if your home is in a state of disrepair. You don’t even have to deal with home inspectors, loan officers or contractors. The real estate investor will always buy your home as is regardless of whether you choose to sell during or after your divorce.
  • Sell it to a real estate agent: If you sell your home to a real estate agent, they will take a percentage of the final sales price and help you sell. They can help you by negotiating prices with potential buyers, marketing the home, showing it to prospective buyers and helping with closing on the house.
  • Sell it yourself: You can sell your home yourself, but it can be challenging. Selling your own home takes a lot of time, effort, money and commitment, but if you do it, you can earn more money than with the other two options. You can set your own price, market and show the home and negotiate the cost with potential buyers or their representatives.

Do you always have to sell?

In some cases of divorce, you don’t have to sell the marital home. If both parties agree on what to do with it, it doesn’t have to be sold. The spouses can keep joint ownership or one person can buy the other’s share of the home or simply give them their share.

If an agreement cannot be met, a judge can order the home to be sold. An attorney might help you if you’re going through a divorce and decide to sell your marital home. An attorney may be able to protect your rights and see that the process is done fairly.