If you’ve landed up on this page you are either considering a divorce or are in the process of one and you want to know what to do with the house.

The benefit of listing your home due to divorce is that both spouses usually get some money to help start over and give you both a clean break.


If you are selling your home due to divorce there are several things to consider.


 

Choosing a REALTOR®


Divorce is usually a very draining, emotional process. Adding the sale of your home is another huge stress that you don’t need to take on during this time, so it is wise to choose an agent who can help you. Using the same agent that sold you your house may be able to help or refer you to a listing specialist. Referrals from your friends who have had a good experience with a REALTOR® is another option or simply fill out the form on the right and we’ll be in touch.


Asking Price


This is where it’s best to let Jerod Lee go to work for you, avoiding any conflict between you and your spouse on an asking price. Using market analysis reports, neighborhood comparisons, and recently sold home pricing, your agent will be able to share with you what they know is top value for your home. Going off generic internet generated reports are often misleading and can lead to false expectations.


Preparing Your Home to Sell


This may be the most difficult part of the sales process but don’t get discouraged. One step at a time and your home will be in tip-top shape and ready to be shown. It is best to declutter as much as possible removing any knick-knacks on shelves, photo’s off the wall and extra furniture. This can be a very emotional time, especially during a divorce. It may be best to get professionals to come in and stage the home for you. Minor repairs and some painting often needs to be done as well. You and your spouse will need to agree on who will be paying for what expense and how they’ll be compensated in the end.


Reviewing Offers


Jerod Lee agent will present any offer to both parties and ultimately, you’ll have to decide together on whether you accept or decline the offer. It is important to come together to discuss the offer as quickly as possible, especially in a market where homes are selling quickly. So, decide ahead of time the best way to communicate during this process.


Sale Proceeds


Don’t be fooled to think that you can just sell your home and split the sale price between both parties. Before the proceeds can be divided, your existing mortgage will need to be paid off, any equity line or second on the home will need to be paid, along with the broker’s fees and any capital gains tax that may apply. Once these expenses have been paid, you can then decide on how to divide the remaining balance.


Dividing the Cash


Once the sale is complete and escrow has closed, you’ll need to divide the proceeds. The escrow company can distribute the money to any obligations on the house or other payments you’ve agreed to, such as, to pay off marital debts. They will then also distribute the remaining balance to both parties. Keep in mind that if one party has been solely making the mortgage payment for the past year during the separation period, they should be compensated for the principal amount paid toward the loan, which may increase the amount divided between spouses.

Sell My Home

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Our team of professionals will be with you every step of the way, from preparing your home for the sale, to handing the keys to the new buyer.

REVIEWS

  • zuser20171209062055191
    Jerod Lee was very awesome, the best realtor my husband and I have ever had . My husband sold our 3rd house for almost 21 yrs and he was very professional, friendly, honest, personable and not a fast talker or a game player which my husband and I have had before, he was a fresh of breath air.Jerod made selling our house fast and very easy for us since we have not lived in Idaho for 8 years and was using our house in Boise as a 2 nd home,I highly recommend Jerod as a realtor and when my husband and I do move back to Idaho., I will use Jerod once again,
  • frankk7
    Knowledgeable, responsive, and kind -- Jerod helped us quickly navigate a challenging seller's market in downtown Boise to purchase a condo that hit each of our needs (and most of our wants).Jerod suggested offering a quick close to help bring the seller closer to our preferred price (and it worked!), and his team delivered on getting an inspection done within a few days, organizing Title, utilities, documents, etc... they were so on top of each of the details, in such a short period. Jerod responded to early morning texts and late night calls, and we appreciated his (and team's) expertise at each step.Along with the above, Jerod is wonderful to work with. He was kind and attentive to our young children, friendly and respectful to us, and expecially thoughtful to our COVID concerns. His team left us the wonderful surprise of an Idaho gift basked when we moved in, and Jerod treated us to a celebratory lunch at a cafe down the block. We'll look forward to staying in touch, even when not buying/selling a home.
  • YousefNasri8
    I could not have asked for a better home buying experience. As a first time buyer, I was very nervous and not the most knowledgeable on the process. Jerod is extremely transparent, knowledgeable and a delight to work with. He is communicative in all aspects and will explain anything you want to know about the process. He made my home purchase a breeze and I will gladly work with him again. I highly recommend anybody to work with Jerod for their real estate needs. True professional.