It happens, and it’s usually unpleasant to say the least. If you’re going through a divorce, you certainly don’t want to add to the anguish and inconvenience, especially when it comes to splitting up your assets; a necessary part of the process. Finding someone who is in the market to buy a house in the North East – in this case, your house – may be one of your goals at this time. Ideally, this someone would be able to buy quickly, securely, and discreetly in order to not add to the stress.
Thankfully, you have several options if you need to sell your house quickly in a divorce. But wouldn’t it be great if you could sell your house fast for cash? That way, you’d be able to expedite the whole unpleasant process and have some cash on hand to help clear any debt and also pay solicitors fees. Perhaps there will even be some money left over in order to help you both move on. But, first, before you decide, let’s consider your main options.
How to Sell Your House Quickly in a Divorce in the North East
Go Through a high-street Estate Agent
You could always take the traditional route and go through an estate agent. This is definitely a viable option and certainly the most common in the UK, but there are some significant drawbacks.
First, you’ll have to get a “valuation”, which are often free but are based only on what the agent thinks your house might sell for. They do not offer any guarantees as they aren’t the people buying. If you agree to their listing price and terms then you will have the viewings to deal with from here which can be a stressful process in and of itself, and when you do get a buyer, you’ll have to wait for them to get financing and perhaps even to sell their house! There really is no guarantee of anything in this process, and often it drags and drags only to not result in any completion anyway! Also, when you accept a buyers offer, the completion date generally won’t be for another 30 to 60 days. The average time for this whole process is generally a minimum of three months.
Rent-out the Property
Another option would be to not sell the property at all but to rent it out instead. The income from the rent should hopefully cover the mortgage at least and all bills are paid. Any additional expenses can be split.
However, this is far from an ideal situation, especially in a divorce as it requires both parties to be comfortable working together over a shared asset. It also of course means you then have tenants to manage… Needless to say that is not an easy process and is not for everyone!
You would also have to ensure your property is compliant with all the latest regulations, nowadays most properties are not compliant without a significant scheme of works being undertaken.
This is a solid option in an amicable split, but not for the faint of heart!
Try a Company Buying a House for Cash in the North East
Another option – and maybe the best one if you need to sell your house quickly in a divorce – is to try a North East cash home buyer. If you do this, you can expedite the whole process, get a fair value for your house, and avoid much of a headache as they are secure buyers. Most companies like this are very discreet too with no internet listing of the property or board outside of the house.
The whole process of selling your home to such a company – for a fair cash offer – can take as little as seven days – just one week, not months. Again, the professional home buyer buying a house in the North East pays cash, which means you don’t have to sit around waiting for a retail buyer to get a mortgage and to sell their house. Also, you won’t have to pay for any repairs to your house before you can sell it. The company will make and pay for all needed repairs. In addition, reputable companies will pay all legal costs.
If you need to sell your house quickly in a divorce in the North East, you just might consider a cash home buyer in the North East. It’s easy, It’s fast. You’ll get a fair cash offer.