Going through a divorce and trying to sell a house? You might be wondering, “what if my house won’t sell during a divorce in Lexington?” That’s a common question that people ask so be sure to read this blog post and we’ll give you our best answer…
Divorce is a challenging situation: emotions are usually running high, it’s expensive, it’s complicated, and it’s super time-consuming. And in all that effort you also need to sell your house so that you can split the value of any equity in the house and put it all behind you. And a house is typically the largest item that a couple has together.
But what if your house doesn’t sell? If you’re going through a divorce and wondering, “what if my house won’t sell during a divorce in Lexington?” then here’s what to do…
What Are The Reasons Your House May Not Sell?
Unfortunately, there are many reasons your house might not sell. Some of the reasons are related to the normal market conditions (and they might be present even if you weren’t going through a divorce). But there might be additional reasons that your house doesn’t sell — for example, maybe you have a complicated divorce or there’s a lot of conflict between each party in the divorce and this makes it too difficult for the buyer to negotiate on the sale of the property. Also, buyers may think that a divorce will make completing the sale of the house more difficult and be a time suck. That thought can turn away potential buyers.
Another reason that your house may not sell quickly is that it may need repairs or updating or renovations completed. Not having a house in tip top shape lowers the pool of buyers because most buyers want to move into a house and not have to pick up a finger for awhile. And any work that has to be completed, no matter how small, usually involves a disagreement about who will do it, who will pay for it, and how the completed decor should turn out (such as paint colors).
If you are thinking about listing your home with a real estate agent, then you may be increasing the amount of stress in your life because of several items that must be continuously completed. You’ll need to keep the lawn mowed every week. You’ll have to keep the interior constantly spotless and free from any clutter. That’s because agents can call at a moments notice with a person who may just want to walk through your house and see if it interests them.
Stress and Delays Just Add To The Problem!
If the house is not selling as quickly as you’d like, this just adds to the problem and it ultimately ends up costing you more — in bills and taxes and mortgage payments, as well as in additional attorneys fees.
Simply put, you might be hoping to get a high price for your house but your divorce could actually be scaring people away and costing you money. The longer it takes, the more expensive it becomes.
Fortunately there’s another option…
Strategy For Divorce Houses: Sell To A House-Buying Company
Here’s an effective strategy for people who are trying to sell their divorce house — instead of listing the house with an agent, sell the house directly to a real estate buying firm like us here at Bluegrass Property Group. As real estate buyers, we may not always be able to pay the market price for a house… but many divorcing people realize that holding out for a higher price can actually be a costly strategy once you factor in the cost of repairing the property, the carrying costs while you wait months for an agent to find a buyer, and then the agent’s commission (sometimes thousands of dollars).
If you’re wondering, “what if my house won’t sell during a divorce in Lexington?” and if you want to sell your house fast, a real estate buying firm like ours is the fastest and simplest choice to get the property out from the middle of your divorce, give you money for it, and allow you to wrap up this portion of the divorce proceedings. Since we buy houses (instead of just listing them), we are simply the fastest way to get your house sold so you can move on with your life.
To learn more about our real estate buying program and how we might be able to help you out in this challenging situation, click here and fill out the short form or give our team a call at 859-903-5544.