If you’re wondering about the ins and outs of selling your home during a divorce in Winnipeg … we’ll dive into the steps and things to look out for in this article.
With the reality that over 50% of Canadian marriages end in divorce, many Winnipeg residents are looking or advice for selling a home during a divorce.
A home is one of the most valuable joint assets for most married couples, and obviously cannot be divided easily like bank accounts, and needs to be sold in order to be split. 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 and needing to sell a home in order to split assets.
Determine if (and when) You Will Be Selling Your Home During Your Divorce in Winnipeg
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). If that’s not a possibility for financial reasons, not to worry, there are more options for you.
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 Winnipeg house fast… reputable local real estate investment firms like I Buy Winnipeg Houses may be a great option for you. 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. In certain cases, this can be a huge weight off your shoulders and can speed up the divorce process.
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 can also be a good option. Keep in mind the agent may have you to do some repairs to the home, keep it neat and tidy throughout the selling process, and leave the house for showings.
But if you can’t wait the 3-9 months it sometimes takes to sell a house in this market in Winnipeg… chat with us to see what we can offer you for your house during your divorce.
Set (and stick to) a Timeline
It’s important, when selling your Winnipeg house during a divorce to keep a timeline and stick to it.
You should put your home for sale as one of the first steps, if both parties agree on it, since it can be a long process. Set firm closing dates, moving dates and times, and decide 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 us; I Buy Winnipeg Houses.
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 Winnipeg doesn’t have to be as stressful as the divorce itself. In fact, you owe it to yourself to have this be a quick and pain free process.
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 I Buy Winnipeg Houses, and moving the house selling 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 204-813-7678 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 let’s chat!