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12 Steps to Selling Your Home Fast in a Divorce
S
elling a home and getting divorced are each large stressors in life. Both can happen when the parties agree to work towards the same goal. And there’s a great deal of overlap to buying while selling – you don’t need to be divorcing to follow these steps!
Gary Kelley REALTOR®
508-733-6005 MoveWithGary.com Gary@MoveWithGary.com
Working with great legal and real estate team members helps navigate this trying time. While every situation is a little different, here’s a general approach: 1. Decide what to do with the home If selling it is the answer, it is often easier to sell before the divorce is finalized. Talk to a tax professional to minimize your joint tax liability. 2. Establish a valuation It is important both parties understand the home’s value. A real estate professional can put you
close by performing a Comparable Market Analysis. To dial it in more accurately requires an appraisal (~$500.) 3. Look at needed repairs and improvements Your Realtor or a pre-listing home inspection will develop a list of suggested repairs or improvements. Items of a structural, mechanical or life safety issue should receive top consideration. Cosmetics help with first impressions. 4. Decide on improvements and how to fund Some im-
provements are easily done by homeowners while others require outside help. Have a candid conversation about the ability and willingness of the parties to do the required work. 5. Begin to look for your next homes Some divorcees go back to living with parents or rent, while others will buy a different home. When children are involved, pay close attention to school requirements. Before listing the house, ask your attorney about including a provision to find suitable housing. 6. Use this opportunity to declutter This is a great time to donate unused clothing or items. Go through the house and identify where items are going to end up and if they are extra. 7. Show the home Once the house is listed, the Realtor may have an open house and undoubtably will have showings.
As with any home sale make sure all valuables are secured. 8. Receive an offer Once an offer comes in, the parties need to decide whether to accept, reject or counter the offer. If an offer is not received, analyze the feedback, and consider changes or price actions. 9. Inspection Many offers (still) have an inspection contingency. This can literally open another negotiation. Consider this when accepting any offers “too good to be true.” 10. Purchase and Sale Your real estate attorney or agent will draft a purchase and sale agreement. 11. Move out You will need to vacate the property and deliver it clean. Leaving items behind will slow or stall the closing. 12. Close Your real estate attorney can take care of the paperwork, so you don’t need to attend the closing. Turn off utilities/insurance after the closing; you are responsible for the house until sold. If you owe more on the property than proceeds, discuss funding the shortfall with the real estate attorney.
Enjoy and stay sanitized! Here is free app for your phone/tablet tied directly to the MLS https://www.homesnap. com/Gary-Kelley Gary is heard on WCRN AM 830 discussing “All Things Real Estate.” If you need advice on selling your home or buying a new one, give us a call 508-733-6005.
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Still A Robust Sellers’ Market! By Michelle Gillespie Our spring real estate market has arrived with continued home price appreciation, limited inventory and buyers desperately seeking new properties. What does this mean to you as a seller? Less competition, higher sale prices, and a large buyer pool! There is no doubt your house will sell this spring and summer; the question is how high it will sell for. So, let’s look at the current inventory numbers
Michelle Gillespie, REALTOR® MEGA AGENT Direct Line: 508-934-9818 michelle@michellegillespie.com www.michellegillespie.com 10 Main St, Northborough
#1 Realtor in Northborough*
Are you ready to sell? Our spring market continues to be robust because of limited inventory, appreciating sale prices, and continued high buyer demand. With hundreds of buyers currently looking for new homes to purchase, now is a great time to join many other happy sellers and profit from this strong sellers’ market while the sale prices continue to appreciate.
Now’s the Time!
If you want to sell your home in this outstanding sellers’ market and would like to discuss the best approach for a positive outcome, call me, Michelle Gillespie at 508-934-9818, or e-mail michelle@michellegillespie.com. Visit my website at www.michellegillespie.com for more information. *Per MLS data 2020 Each office is independently owned and operated.
Keller Williams Pinnacle Metrowest 114 Turnpike Road, Suite 201 Westborough, MA 01581 All sales data is obtained from the MLS PIN
Northborough Westborough Marlborough Southborough Shrewsbury
Currently on Market May 10, 2022 All Price Ranges 7 15 12 9 17
Typical Market for May All Price Ranges 30 – 40 homes 30 – 40 homes 50 – 60 homes 30 – 40 homes 50 – 60 homes
As you can see, there are less than half the available home on the market for sale compared to a typical spring market for May. A deeper dive into the most popular price ranges within these communities shows the limited inventory within various price ranges.
Northborough Westborough Marlborough Southborough Shrewsbury
5/10/2022 Homes for Sale $300K - $500K 0 1 3 1 4
5/10/2022 Homes for Sale $300K - $500K 1 2 2 2 2
5/10/2022 Homes for Sale $300K - $500K 2 2 2 0 3
5/10/2022 Homes for Sale $300K - $500K 3 8 4 2 4
5/10/2022 Homes for Sale $300K - $500K 1 2 1 4 4
With higher buyer demand, it’s the perfect time to list your home and here are the reasons why: • Homeowners have gained significant equity in their home. It is time to capitalize on these market conditions and the equity you have built in your home. • Buyers will compete for your home due to limited inventory. The supply of homes for sale regionally and locally is at record low which means many more buyers competing for your home. • Buyers will pay more than asking price to compete for your home and engage in bidding wars to have their offer accepted in multiple offer situations. • Consider downsizing and maximize your equity or move up with the profits from the sale of your home. • Market conditions have never been better for sellers. Motivated buyers and limited number of homes for sale make 2022 the perfect time to sell your home. Sold by Michelle Gillespie SOLD 4 bedroom Colonial in Northborough
SOLD 4 Bedroom Cape in Northborough
Listed for
Listed for
Sold for
Sold for
$$989,000
1,100,000 $111,000 over asking Great work Michelle!!
$799,000
$823,500 $24,000 over asking Great work Michelle!!
Westborough Office Space
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Office tenants may select from a variety of floor plans and rental options.
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HomeGoods
Marshalls
Westborough Shopping Center
Drive by traffic of 90,000 cars per day!
CONVENIENT TO ROUTES 9, 495 AND THE MASS PIKE Office tenants may select from a variety of floor plans and rental options in and adjacent to the Westborough Shopping Center.
Stop & Shop
Subway
Staples
Three Gorges & Mayuri Mandarin
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Mexicali Cantina Grill
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Tatnuck Bookseller & Café
Progressive Realty Consultants Julio’s Liquors
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