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Sell your House Fast During a Divorce or Separation

Real Estate

(Free Press Release) There is a lot to consider when going through a divorce, and each couple is different. A lot of thought is required and it’s important not to rush into anything without giving it considerable thought.

Sell your House Fast During a Divorce or Separation


      

Going through a divorce or separation and to sell your house quickly are said to be two of the most stressful events you can go through, so doing both at the same time can be very difficult and traumatic. In 150,000 divorces cases in the UK in 2010 it is estimated that 35% of couples sold their house as part of the divorce, so it’s by no means uncommon.

It’s hard to know what to do with the marital home as it can be each person’s most important and valuable investment so there can be disagreements which are hard to resolve before you can sell your house fast, Taunton.

Usually, the decision is made to sell your house fast, Taunton, for a price that both parties agree to and the proceeds are divided accordingly depending on who put in what initially, and also depending on whether one or both parties has responsibility for any children. When children are involved, often the home is not sold as the Primary Carer usually has the right to remain in the property until the children are 16 or until they have finished full time education.

If there is little or no equity in the property, some couples decide to keep hold of the property and delay the sale until the market picks up and both parties can take some profit from the sale. The only problem with this is that it can make it difficult for either party to obtain another mortgage if both names are on the existing mortgage agreement, and also there is the issue of becoming landlords together and being tied by a property. Renting out a property can be time consuming and there is a lot of admin and fees to think about – there are insurances and maintenance that need to be dealt with and one or both of the owners need to agree on a way forward to manage the property. Sometimes the best way forward an be to sell your house fast, Taunton.

There is a lot to consider when going through a divorce, and each couple is different. A lot of thought is required and it’s important not to rush into anything without giving it considerable thought.

For more information about sell your house fast Taunton, please visit us at http://yourlocalproperty.com/

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Sell your House Fast During a Divorce or Separation

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