Court Ordered Divorce Real Estate Sales
If you find yourself selling a residential home, investment or commercial property due to a court order in a divorce case, you’re likely stressed and overwhelmed with everything that comes along with the sale. In addition to dealing with the precarious circumstances when divorcing a spouse, this situation may bring up a whole wide range of complex emotions. At Realicore Real Estate Group, we are here for you. With our knowledge and expertise, we can guide you through this challenging time so that your sales process may go as smoothly as possible.
How exactly do you find yourself with a court order to sell the family home or investment property? Typically, in the middle of a divorce, assets must be divided among the separate and the community. You and your spouse could agree to a buyout after the separation of marriage, but many times the property must be sold outright to pay for debts or because an agreement cannot be made between spouses. When completing this divorce sale, both spouses will decide on a real estate agent, price and terms of sale. Many times, the court will provide you with a list of agents who are experienced in divorce real estate sales. If you want a local agent with experience and an understanding for your situation, make sure to mention that you would like an agent from Realicore Real Estate Group to represent you.
When deciding the terms of the sale, the matter of price will come up and must be agreed upon by both spouses. This can be tricky if the court is requiring confirmation of the sale. The requirements get a bit more stringent with a court confirmation depending on location. The court may require that the sale price be at least ninety percent of the appraised value of the home. The court may also impose other restrictions on the terms of sale based on their local laws.
No matter how you find yourself in one of these complicated circumstances, know that Realicore Real Estate Group can answer all of your questions along the way. Sign up for our newsletter and keep watching your inbox for the release of future real estate articles. Contact us today if you are in need of our real estate services.
