A guide to selling due to a divorce or separation
When you navigate the sale of a property during a divorce or separation, it can be a rollercoaster of emotions, stress, and exhaustion. It's a challenging chapter in your life, but remember, you have the strength to move forward and embrace a fresh start. At Cooper Adams, we understand the complexities of selling a property in these trying times, and we're here to offer our unwavering support and expert guidance as your partner throughout the journey.
While this blog will mainly focus on divorce, please know that the approach, processes, and tips discussed can be just as relevant for those going through a separation. We've covered a multitude of aspects in our comprehensive guide, which you can find here. Our team brings a wealth of experience, along with the sensitivity and expertise needed to help individuals facing the challenges of selling a property due to divorce or separation.
Preparing for Divorce: What You Need to Consider
Divorce can be a complex and demanding process, but with preparation, it can become less intimidating. From family finances to property, even your pets, there are many factors to consider. Addressing the following points will empower you to navigate this experience with greater ease:
1. Seek Legal Guidance:
Consult with a solicitor who can provide you with key legal advice. A qualified solicitor can guide you through any legal implications you might need to consider and offer support in negotiating financial settlements.
2. Inform Your Mortgage Provider:
If you have a mortgage, it's a wise move to inform your provider about the situation. They may offer advice or temporary options to reduce your mortgage payments while you work on selling the property. Don't hesitate to reach out for help during this challenging time. There’s a lot of change in the market at the moment and additional support out there due to the changing economic climate too. If you need any recommendations of mortgage advisors, we can provide this for you too.
3. Choose the Right Estate Agent:
After hiring a solicitor, it's time to reach out to an estate agent. Each agency has its own policies, but having two signatories on the sales agreement, though only one is legally required, ensures a smoother and less stressful process for all parties involved. A reputable estate agent values consensus and maintains transparency throughout the transaction. We believe that we are the agent for you. Have a read of some of our testimonials to see what our clients think here.
4. Prioritise Communication:
Emotions can naturally run high during a property sale, making it easy for communication to break down. That's why it's crucial to keep both parties involved, even if it means using mediators. Regular updates about viewings, feedback, offers, and progress can reduce the risk of sales falling through and make the process less stressful. We are always happy to use the method of communication preferred by our clients, be that by phone, text messaging, emails, in-person or WhatsApp.
Five Actionable Tips for Successfully Moving On
Moving on from a divorce or separation, especially when selling a home is involved, can be a daunting task.
Here are five do's and don'ts to empower you during this challenging time:
1. Seek Professional Guidance:
Don't try to do it all alone. Selling a home can be overwhelming, so find an estate agent who can guide you through the process and address any concerns or questions you may have. Contact the team today to find out how we can help you.
2. Avoid Quick Home Buying Companies:
While these companies promise a speedy sale, you'll usually get less than your property's true value. It's better to work with a reputable estate agency that can properly market your property and ensure you receive a fair price. Get in touch with us today for a no obligation free valuation
3. Research Your Estate Agent:
When choosing an estate agent, invite at least two to value your home and choose the one you feel most comfortable with. Check their reviews, marketing standards, and ask for testimonials. Please download our marketing plan - Our tried and tested way to get your property sold or let, for the best price, keeping you relaxed, at a timescale to suit you.
4. Be Cautious with High Numbers or Cheap Fees:
Some agents may overvalue your home to win your business, leading to a prolonged time on the market. Conversely, a cheap agent may compromise on service quality. Prioritise value over cost. Have a read of our latest blog here about the impact pricing your property incorrectly can have.
5. Value Relationships:
Look for an agent who values the relationship with you over the transaction of your property.
At Cooper Adams, we are as good as our word. We prioritise building long-term relationships with our clients by providing excellent service and supporting you every step of the way.
Remember, you're not alone in this journey. Cooper Adams is here to support you, offering both the compassionate understanding and expert knowledge needed to make this transition smoother. You have the strength to move forward, and we're here to help you start that fresh and empowering new chapter in your life.