Guide To Selling Home During a Divorce · you can sell the house and split the profits, you may...

THE COMPLETE GUIDE TOSELLING YOUR HOMEDURING A DIVORCE

Brought To You By:

Josh Miller, Realtor Divorce & Probate Specialist

Miller Luxury Group | eXp Realty (713) 628-3232 | Text or Call Me Anytime!

www.MillerLuxury.com | [email protected]

http://www.MillerLuxury.com

mailto:[email protected]

This guide is meant to provide a few helpful tips as you begin the process of selling your home during this difficult time. It is not intended as legal advice, and you should

consult your attorney before making any legally binding decisions.

Joshua Miller, Realtor Miller Luxury Group | eXp Realty

(713) 628-3232 | Text or Call Me Anytime! www.MillerLuxury.com | [email protected]



Decide If One Spouse Can

Afford To Keep The House

The first step is to decide who, if either of you, wants to keep the house and can

afford to do so on their own income after the

divorce is finalized.Joshua Miller, Realtor

Divorce & Probate Specialist Miller Luxury Group | eXp Realty




If One of You Decides To Keep The House...The next step is to work out the details of transferring ownership in your final divorce settlement. Consult your mediator or attorneys for this process. Ultimately, you’ll need to refinance so only the spouse keeping house is on the mortgage.Joshua Miller, Realtor

Divorce & Probate Specialist Miller Luxury Group | eXp Realty (713) 628-3232 | Text or Call Me Anytime! www.MillerLuxury.com | [email protected]



If Neither of You Keeps The

House...Then it’s time to start planning

to sell the home as part of your divorce settlement. You’ll

need to work with a real estate professional to determine how

much your home will sell for under current market

conditions, to sell faster, and to have a neutral party

involved in the process.Joshua Miller, Realtor





If You Have Equity In The House:If your house will likely sell for more than you owe on the mortgage, you can work with your attorneys to set up whatever split of the equity is appropriate for your situation. Your real estate agent can give you each a Seller’s Net Sheet that will bread down the estimated proceeds before you sell.

Joshua Miller, Realtor Miller Luxury Group | eXp Realty




If You Owe More Than The House

Is Worth...If you’re not in a situation where you can sell the house and split

the profits, you may want to consider a “Short Sale.” In this

case, the lender agrees to accept less than what you

actually owe. Give your lender a call and tell them the situation.

Your real estate agent can also guide you on how to sell your

short sale fast. Joshua Miller, Realtor Divorce & Probate Specialist

Miller Luxury Group | eXp Realty (713) 628-3232 | Text or Call Me Anytime!

www.MillerLuxury.com | [email protected]



What You Need To Know About Short Sales:A short sale is a last-ditch effort to avoid foreclosure. Short Sales are a relatively complex real estate transaction that involves negotiating with your lender. You should seek the help of a real estate professional early in the process if you think this may be your only option.

If You Can’t Refinance, Sell,

or Short Sell...If one spouse can’t refinance the house on their own, if you can’t sell the house and split

the equity, and if you can’t arrange a short sale…

Foreclosure may be the only way to dissolve ownership

during the divorce. This is a legal process that will likely

involve a real estate property attorney and your lender. Joshua Miller, Realtor





No Matter What Path You End Up Taking...Selling a home during a divorce is likely the most difficult real estate transaction you will ever endure. Don’t try to navigate these waters without the help of an experienced real estate professional.

What To Look For

This is NOT the time to casually reach out to your friend’s cousin

who just got her real estate license. Selling a house during a

divorce requires deep negotiation skills, experience in

divorce sales, working with lenders and attorneys, and

even relationship skills that most new agents simply don’t have. Joshua Miller, Realtor





Look For Two Things:First, the real estate agent you work with should have proven track record of success in selling homes quickly and for close to the asking price. In the middle of a divorce, the goal should be to sell quickly and move on. Find an agent who can get the house sold fast.Joshua Miller, Realtor

Divorce & Probate Specialist Miller Luxury Group | eXp Realty (713) 628-3232 | Text or Call Me Anytime! www.MillerLuxury.com | [email protected]



Look For Two Things:

Second, work with an agent who has experience working

with divorcing couples. A good agent knows the ins and outs

of divorce transactions, the options for couples, and how to tactfully communicate with

both spouses. They also know that it’s their job to serve both

of you to get the home sold. Joshua Miller, Realtor





I hope this free guide was helpful for you!

If you have any questions about selling your home during this difficult time, I’d be happy to help answer them. I work with couples all over Houston and would love to help if I can.

Joshua Miller, RealtorDivorce & Probate Specialist(713) 628-3232 | Text or Call Me [email protected] | www.millerluxury.com

Joshua Miller, Realtor Divorce & Probate Specialist Miller Luxury Group | eXp Realty (713) 628-3232 | Text or Call Me Anytime! www.MillerLuxury.com | [email protected]



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