Divorce is a complex road to go down, especially if you have high-value assets that will have to be divided between you and your ex. For instance, some assets will have to go through a valuation process before you know how much they are worth. Moreover, it might make more financial sense to sell some assets and divide the proceeds rather than try to keep them. Your house in Frisco is a prime example of an asset that you may want to sell.
If you choose to move forward selling the house, there are a few things you can do to smooth out the process. Here are a few tips to keep in mind if you are going to sell the house in a divorce.
Communicate with your spouse
One of the biggest hurdles you might face is communicating with your future ex. If selling the house makes the most financial sense, you will have to talk to your spouse about it. While they might at first be resistant to the idea, keep the conversation going with delicacy and empathy. Point out the advantages of selling the house and how it will help both of you with a fresh start.
Prepare the property
Once your spouse is in agreement with selling the house, it is time to formulate a plan of attack. There are probably some things you need to do to get the property ready to go on the market. For example, you may need to apply a fresh coat of paint to the interior and exterior of the house. In addition, there might be some minor repairs that must also be taken care of. Divide the responsibilities and make sure both of you hold up your responsibilities toward preparing the house to be sold.
Make a plan for the sale
Before you have the house ready for a listing, decide how you want to approach the sale. For instance, listing the house with a realtor, going through showing after showing and waiting for a buyer to offer the right price can be time-consuming and stressful. While there is a chance of getting a better price if you go this route, there is also the option of contacting a home-buying investment firm. While your return on the house may not be as high, this method is often easier and faster.
If you are planning to divorce and need to sell the family home, the above tips can help. While the house may have sentimental value, selling it is often the most financially beneficial option.