How to Sell Your Home During a Divorce in Dallas [2021 Guide]

how to sell your home during divorce - DFW Dallas divorce specialist realtor real estate agent broker - selling your home in dallas during a divorce

If you’re wondering about the ins and outs of selling your home during a divorce in Dallas Texas… we’ll dive into the steps and things to look out for in this article.

With over 50% of American marriages ending in divorce, many Dallas Texas residents are looking or advice for selling a home during a divorce. The number one rule for selling your house during a divorce is to be organized and informed about your options. Here are the steps that are needed:

Get on the Same Page With Your Spouse
Consult with an attorney
Pick a Top Real Estate Agent in Dallas
Settle on an Asking Price For Your Home Sale in Dallas
Decide on the Best Time to Sell a House During a Divorce in Dallas
Prepare the Home for Sale in Dallas
List the House For Sale in Dallas
Divide the Profit

Get on the Same Page With Your Spouse

The first step in this process is to review all the options available to you regarding you home with your soon to be Ex. You can sell the house to a buyer, or one of the spouses can buy the home from other spouse or both of you can continue to co-own the house after divorce. Learn about all of your options by reviewing the Selling Your Home During Divorce in Dallas guide here.

Once you have both agreed to sell the home to a buyer, you can take the next steps.

Consult with an attorney

If you have already started the divorce proceedings and have filed for a divorce in a court, you should talk to your respective attorneys to work out any related approvals needed from the court and other attorney. Some of the questions that need to be answered can include:

How will the real estate professional be selected? Will it be a mutual decision?
How will the list price of the home be decided? Will it be up to the real estate agent to recommend a price subject to approval of the spouses?
How will the price of the home be reduced, if needed?
How will the communication with the real estate agent happen? Will both the spouses be involved or will one of them be primary?
Will both spouses need to formally approve all offers, counter offers and acceptances?
Which spouse will ensure the home is ready for showing to prospective buyers? Will the home be shown even if neither spouse is present?
Is there an agreed dollar amount that, if offered, will result in an acceptance of an offer or will the spouses always have the ability to negotiate any price?
What will happen to the sale proceeds? Will it be distributed to the parties, in whole or in part? Will it be characterized in the stipulation and order as community property, separate property or will that characterization be reserved for the court to determine later?

Pick a Top Real Estate Agent in Dallas

If you are selling your house during a divorce in Dallas, the next step is to identify an experience real estate agent who has experience in helping families going through divorce sell their homes. Look for an agent online and here are a few tips to identify a top Dallas real estate agent online. Here are a few questions to ask the potential real estate agent:

What designations do you hold? Designations such as ABR, GRI, SRS, SRES, ALHS and CRS® — which require that agents take additional, specialized real estate training — are held by only about one-quarter of real estate practitioners.

Do you have online reviews on multiple websites that I can read to learn more about the experience of your past clients? These reviews indicate that the REALTOR® is willing to put his name out on the internet and is open to client feedback - both good and bad.

What would your marketing plan for my home include? A good real estate agent will have a robust plan to promote your listing in an effort to find the right pool of buyers based on specific features of your home. “Just listed” postcards, open houses, virtual tours, professional photography and/or broker tours for buyers’ agents (particularly for luxury homes) are all factors that may go into a marketing plan.

Will I be working with you directly, or with a team? Some agents share client responsibilities with other agents.

Settle on an Asking Price For Your Home Sale in Dallas

Once you have identified a real estate professional to help you with the sale of your home, leverage the agent to find out the optimal listing price for your home. Remember that the correct listing price of your home is critical to quick sale of your home. A real estate agent who is an expert in pricing the homes and who holds a designation like Pricing Strategy Analyst (PSA) can help you identify the listing price for your home that will maximize your proceeds from the sale of your home.

Note: Zillow estimates (Zestimates) are not a reliable indicator of homes values in Texas. Learn more here

Decide on the Best Time to Sell a House During a Divorce in Dallas

Traditionally, Spring has been a good time to list homes for sale. But you should not feel constrained by this. You should work with your real estate agent to get latest market statistics like current inventory in your neighborhood, days in market, average days to sell and homes sold in last 6 months. Real estate markets are very local and are impacted vy a number of factors like interest rates, local inventory and demand for homes.

Prepare the Home for Sale in Dallas

Review our home seller checklist here

Learn about seller disclosure laws here

Become familiar with inspections & disclosures required here

Discuss with your real estate agent whether staging is needed
Work out the showing schedule with your agent

List the House For Sale in Dallas

Once the home is listed for sale, make sure that you allow as many showings as possible. You will also have to keep the home clean so that it shows well. Once you receive any potential offers, review them with your agent to identify the offers that will work best for you.

Divide the Profit

Before the final proceeds are calculated, the cost of selling the home like the broker fees and existing mortgage balance will be deducted. Before the closing, notify the title company about how to distribute the proceeds based on your agreement with your spouse. Once the home closes, the funds will be sent to the respective accounts.

The Benefits of Selling During a Divorce in Dallas

Cashing in on the proceeds of home and home equity provides funds for your new future

Getting proceeds from sale of your home will provide you cash that can be used to start your new life after divorce. This can include downpayment for a new home, paying legal expenses or saving funds for future.

You will have a higher tax write off if you sell while married.

For married couples, profits up to $500,000 from the sale of a home are not taxed as capital gains. For a single person (selling after getting a divorce), profits up to only $250,000 are not taxed. Note that you must have lived in the property for two years to take advantage of this tax benefit.

Our Home Buying Process: Selling Your Dallas-Fort Worth House During Divorce

If you need to sell your house during or after divorce, get started here.

Selling your Dallas-Fort Worth house during divorce with the help of a top local real estate agent who specializes in working with families going through divorce is the fastest, easiest way sell your home and get cash.

5 star divorce expert realtor dallas rea

WE HELP COUPLES SELL HOMES DURING DIVORCE IN THE FOLLOWING CITIES IN TEXAS

How to Sell Your Home During a Divorce in Abilene, How to Sell Your Home During a Divorce in Addison, How to Sell Your Home During a Divorce in Alba, How to Sell Your Home During a Divorce in Albany, How to Sell Your Home During a Divorce in Aledo, How to Sell Your Home During a Divorce in Allen, How to Sell Your Home During a Divorce in Alvarado, How to Sell Your Home During a Divorce in Alvord, How to Sell Your Home During a Divorce in Keller, How to Sell Your Home During a Divorce in Annetta, How to Sell Your Home During a Divorce in Anson, How to Sell Your Home During a Divorce in Aquilla, How to Sell Your Home During a Divorce in Argyle, How to Sell Your Home During a Divorce in Arlington, How to Sell Your Home During a Divorce in Aspermont, How to Sell Your Home During a Divorce in Athens, How to Sell Your Home During a Divorce in Aubrey, How to Sell Your Home During a Divorce in Aurora, How to Sell Your Home During a Divorce in Avalon, How to Sell Your Home During a Divorce in 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