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How do you sell your marital home with your ex?

On Behalf of | Oct 21, 2021 | Divorce |

Rather than live in or fight for your marital home, you and your ex agree to sell it. How should you approach the matter?

SFGate offers guidance for selling a home with an ex-partner. Know what steps to take to put your home on the market and move on with your life.

Refer to your divorce agreement

If you and your former partner already have a divorce agreement, it may offer guidance on selling your home. Review sale conditions and terms, and check whether you must follow a specific timeline for selling the property. What happens if you do not sell the property in time? What responsibilities do you have to help sell the home?

Decide on a price

Check out the current prices of homes for sale in your Connecticut neighborhood. You want a starting point for how much to list your property. Consider letting an experienced professional appraise your home’s value, and check to see if you must get an appraisal for your divorce settlement.

Find an agent

You and your ex may work together to find the right real estate agent to help sell your home. Let the agent know you want to sell the property for your divorce. Depending on how well you and your ex communicate, you may want to work with an agent who picks up the slack between you.

Consider capital gains

After looking over offers and finishing with closing, consult a financial professional. The capital gains tax affects how much you and your former partner exclude from your taxes.

Selling your home could help you start your post-divorce life. Learn how to put your residential property on the market to support your future.