How to Sell your Home after Divorce or Separation

Research shows that moving house and getting divorced are two of the most stressful things you can do. So, if you’re selling up in the wake of a painful split, you really are in the thick of it. Read on for some helpful advice on navigating the process.

Selling a home after the breakdown of a long-term relationship can be a daunting prospect that throws up a mix of emotions and challenges.

You may be sorry to say goodbye to your home but eager for a fresh start. Or keen to stay put but unsure of the financial practicalities.

Whatever your situation, there’s a lot to sort out and some big decisions to make. But you don’t have to figure it out alone. 

Here at Ingham Fox, we’ve helped many clients sell a home in the wake of a divorce or separation. 

We’ve compiled this short guide to help you understand what’s involved. 

Legal advice

You’ll need a good lawyer to explain the process and answer questions specific to your situation – for example, what happens if children are involved, or one party wants to buy the other out. Most lawyers recommend staying in the property until the settlement is finalised. If you feel it’s imperative to move out, seek legal advice first.

Mortgage considerations

Tell your lender that things have changed. Sometimes it’s possible to negotiate a mortgage holiday but only stop making repayments if your lender has agreed to the change.

Speak to your ex

Okay, this one can be tricky, and sometimes, it’s not feasible. But to get the sale moving, you’ll need to agree on an agent and selling price and then prepare the property for sale. If the two of you can’t talk it out, consider using a mediator.

Select an estate agent

Tempted to get things done and dusted quickly by using a quick sale company? Don’t! Hold your nerve. They’ll knock you down on the price in return for a speedy deal. Instead, get three valuations from traditional estate agents and choose the one that impresses you most. You’re looking for professionalism, market insight and people skills (they might come in handy later!). 

Moving preparations

The next steps can be draining, so enlist a friend or family member for support. Once you’ve accepted an offer, divide your possessions with your ex-partner and prepare for the removalists. If you’re squabbling over who gets what, try and compromise or sell the item and divide the money evenly. Emotions can run high at this particular point but remain focused on the end goal – starting the next chapter of your life.

If you have any more questions, don’t hesitate to get in touch with us at Ingham Fox on 01428 786321 or call/WhatsApp Nick on 07790 020492. We’re here to help.