What Happens To Your Edmonton, Alberta Home After A Divorce?

Divorces are difficult. According to best estimates, over forty percent of marriages ended in divorce last year, and the rate is even higher for subsequent marriages. If you are going through a divorce right now, you are probably wondering what happens if you want to sell your Edmonton home after the divorce.

It’s difficult enough dealing with a separation without having to worry if you should sell your Edmonton, Alberta house. The team at SUNRISE HOME BUYERS provides some guidance when your are forced to decide if you should keep or sell your Alberta property.

Who Keeps The Edmonton House?

This is something you and your soon to be ex-partner will have to decide. One of you, or neither of you, will have ownership of the Edmonton home after a divorce. Most divorces will require the sale of the property because both parties either want to keep it or the couple mutually decides to list the house and split the proceeds. Sometimes, however, the sale process drags on and on, especially if the property does not receive very many offers from being listed with an agent. Selling directly to a professional house buyer like Sunrise Home Buyers might save you some time, stress and headaches when trying to sell your home in Edmonton during a divorce. 

Why Sell Direct?

A company like SUNRISE HOME BUYERS will typically close faster than traditional home buyers. Traditional home purchases usually require qualifications from banks, mortgage underwriting time, and a property inspection. And after all that time and invested energy, the buyer may not end up qualifying in the end! When talking to many realtors in the Edmonton area, financing issues have killed many purchases over the last year in Alberta.

And keep in mind, when you sell property through traditional real estate agents, the the typical combined real estate commission or fees of both the buyer and seller agents is 7% for the first $100K of the home’s price and 3% of the remaining balance above $100K. So if you sell your home for $300,000, you would have to pay about $13,000 in commissions alone! 

Purchasing Homes As-Is

SUNRISE HOME BUYERS will purchase homes “AS-IS”. As a seller, this means you do not have to worry about any costly repairs or renovations before closing. Even the expected step of applying a fresh coat of paint…skip it! Plus, if you want to leave any items behind, we will dispose of it all for you. We will look after those items and any other additional expenses you were not planning on.

And finally, at SUNRISE HOME BUYERS we do our own inspections, so no need to worry whether the inspection will trip up the whole buy/sell process as in a traditional transaction. We are looking for a win-win transaction and we want it to be a simple as possible for you; you have enough on your plate!

Lower Risk Transactions

Selling to a company like Sunrise Home Buyers is extremely straight forward. We will lay out every step of the process and use clear and legal contracts that are typical Alberta purchase agreements.

You will also have lessened exposure to legal risks if you sell to us. You won’t have to worry about the buyer finding something you didn’t disclose or a feature they don’t like about the home or the neighborhood. With most traditional real estate transactions there is a potential for legal recourse from the buyer if they feel they didn’t get all of the information. But at SUNRISE, we do our own due diligence, get to inspect the state of the property ourselves, and we are willing to take on that risk.

We have a great track record when it comes to buying homes fast in the Edmonton area.

No Showings

Maybe the biggest headache and stress-reliever is that if you decide to sell your Edmonton house to SUNRISE HOME BUYERS you can avoid going through much of the roller coaster of emotions that characterize the typical home selling process. Read & listen to some reviews from satisfied clients of ours who have worked with us recently.

There are no frustrating, middle-of-dinner phone calls asking if you are available to show your home. You don’t have to worry about leaving your home spotless every day before heading to work, just in case there is a showing while you’re gone. You don’t have to worry about possibly running into a buyer’s agent or their clients or dealing with them asking you questions that you really shouldn’t answer anyway. You also don’t have to worry about buyers arguing with you over which furniture you are taking and what you are leaving.

Move Out Time

No surprise, but we are not expecting to move into the home on the day of closing. Sunrise will allow a move-out timeframe after closing to allow you to relocate at your own pace. This is extremely helpful, especially as there are often such quick closing timeframes. And as mentioned earlier, you don’t even have to clean your Edmonton home when you leave. You can simply pack your personal items and any furniture you want to keep and leave the rest! How convenient is that?

Summary

Using a realtor can be an effective option, but you must decide whether the touch-ups, clean-ups and constant showings are worth the effort. If you need to sell your home fast during a divorce in Edmonton, you would be wise to consider using a house buyer like Sunrise Home Buyers. We can offer you a fast sale of your Edmonton home at a fair price, in “AS-IS” condition and on the date of your choice. We do really want to help fellow Albertans stuck under their problem properties.

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Further Reading: Please Read our article on Selling Your Home During A Divorce In Edmonton, Alberta.

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Call Sunrise Home Buyers today at (587) 982-7576 or send us a message to discuss selling your property directly to us so you do not have to wonder what happens to your Edmonton property after a divorce.

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