We recommend getting a professional valuation from ourselves. We can provide an accurate assessment based on market conditions and recent sales in your area. We will give you a fair offer that works for us both, beginning the steps to a quick sale. If you would like to estimate a price in the meantime, another way you can determine an idea of valuation on your property is by looking at price trends from neighbouring sales and listings, comparing these will help give you an idea of the kind of quotation you will receive.
Jointly owned property can typically be sold with the agreement of both parties. However, legal advice is recommended to ensure compliance with any legal obligations or court orders related to the divorce settlement. It is always best to have professional advice to ensure the transition goes as smoothly as possible.
It’s essential to review your mortgage agreement and consult with your lender to understand any obligations or implications of the divorce on your mortgage. In some cases, informing the lender may be necessary before proceeding with the sale. It is always best to be as open and clear as possible with everyone to ensure a hassle-free process.
The division of sale proceeds will depend on various factors, including any existing agreements or court orders related to the divorce settlement. It’s advisable to consult with a legal professional to ensure a fair and equitable distribution that works for both parties.
A buyout can be a viable option if one spouse wishes to retain ownership of the property. Legal and financial advice is recommended to negotiate the terms of the buyout and ensure a smooth transition of ownership.
Selling a property may have tax implications such as capital gains tax or stamp duty. We advise seeking advice from a tax professional or accountant to understand the potential tax liabilities associated with the sale.
