If you are wondering about the ins and outs of selling your home while going through a divorce in Portland, OR, this article assesses some of the steps and things to look out for to ensure a smooth transaction for everyone.
While a divorce is one of the most stressful and emotionally charged life events, it’s important to remain rational and level-headed. Knowing how a divorce affects the sale of a home is essential.
Every option should be thought through to avoid making a wrong move that can have long-term repercussions – long after the divorce is finalized. Consulting an expert may help you understand how the laws would apply to your specific situation.
Determine if (and when) You Will Be Selling Your Home During Your Divorce in Portland
Going through a divorce takes an emotional toll on both parties. In many divorce cases, one spouse will keep the home while buying out the departing spouse’s share.
In other cases where there are children from the marriage, agreements are made where one spouse uses the house for a set period of time and then sells it at a certain date – usually when the children reach a certain age.
Get Professional Help – Agents and Home Buyers / Investors
Selling a home is already a stressful event as there is a lot of work to be done to prepare the house for sale. Going through selling a residence during a divorce can feel ten times worse.
For many couple, their home is their most valuable joint assets, and obviously cannot be divided without first liquidating. In order to achieve the best possible result, try not to take on the task of selling your home yourself. You may have numerous disagreements with your spouse from the selling price to selling date and other issues.
Set yourself up for success by working with a real estate professional. Either a reputable agent or real estate investment firm is a great option. They can help you and your spouse work effectively by keeping your emotions in check. A neutral third party also allows you to determine a fair selling price and handle the marketing of your home while prevents lingering negative emotions from ruining the sale.
If you need to sell your Portland house fast, reputable local real estate investment firms like SCAL Real Estate LLC may be a great option. Firms like ours actually BUY HOUSES AS-IS (rather than listing them like agents do) and we pay cash and can close quickly if you want to sell this house ASAP.
If you have the time it usually takes to list it with an agent and sell it on the open market, going with a real estate agent will be your best bet.
However, if you cannot wait the 3-9 months it typically takes to sell a house in the open market in Portland, chat with us to see what we can offer you for your house during this difficult time.
Set (and stick to) a Timeline
It is imperative to keep a timeline when selling your Portland house during a divorce.
You should put your home for sale in advance. Then, set firm closing dates and moving dates, and coordinate which spouse will be handling the sale (or talking to the real estate agent). Make sure that each of these agreements is in writing, and negotiate penalties for breaching the agreements.
Regularly communicate with your spouse to make sure everything is on track. This helps ensure a smooth, surprise-free home sale.
Selling Your House Fast For A Fair All-Cash Price
Another option that many divorcing couples have turned to in recent years is making a quick sale to a real estate investor like SCAL Real Estate LLC.
Reputable local real estate investors like us purchase houses quickly and eliminate stress for homeowners. The process can take as little as seven days.
Deciding how to sell a residence in Portland doesn’t have to be as stressful as the divorce itself.
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 SCAL Real Estate LLC, and moving the process as quickly and according to an agreed upon schedule, all parties can walk away from the sale without added stress and move on with their lives.
Every situation is different so make sure you are well informed to reach the best decision. If you would like to discuss your circumstance and see if we can help you save time, reduce stress, and get out of this situation quickly…
Give us a call anytime at (971) 238-2255 or
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We will evaluate your house, make you a fair all-cash offer, and you can decide if it is the best fit for you. We’re here for you, just reach out and let’s connect.