If you’re wondering about the ins and outs of selling your home during a divorce in Chicago Illinois… we’ll dive into the steps and things to look out for in this article.
It is claimed that half of all marriages in the United States after some time end in divorce. Because of this, Chicago Illinois residents are looking for an advice on how to sell a home during a divorce.
A home is one of the most valuable joint assets and cannot be halved without first liquidating it. Divorce is one of the stressful and emotionally charged life events so it is important to be logical. There are several factors to consider when facing a divorce in a real estate market. Divorce and selling a home creates some significant financial concerns.
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.
Often times agreements are made where one spouse uses the house for a set period of time. Usually when there are children in the home. The house 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 your home yourself. You may have disagreements with your spouse about selling price or other issues. By working with a real estate professional…may it be a reputable agent or a real estate investment firm. Both should have a neutral third party who can help determine a fair selling price. It is also important to have someone to handle the marketing of your home. This is why it is always advisable to come to an agreement beforehand if possible.
If you need to sell your Chicago house fast… reputable local real estate investment firms like Windy City Solutions 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 for the time it will take to list your house with an agent and sell it on the open market. Going with a real estate agent is your best option.
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
It’s important, when selling your Chicago house during a divorce to keep a timeline.
You should put your home for sale in advance. Set firm closing dates, moving dates and times, and coordinate 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 Windy City Solutions.
Reputable local real estate investors like us; buy houses fast without stress. 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 by simply deciding to sell fast. All parties can walk away from the sale without stress. Real estate investment firm like Windy City Solutions can move the process to an agreed upon schedule.
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 708-832-6654 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.