It happens, and it’s not always pleasant, to say the least. If you’re going through a divorce, it can be quite stressful and embarrassing, especially when it comes to the distribution of your assets. Finding a buyer for your Montreal home is probably one of your main objectives.
If you need to sell your home quickly during a divorce, you have several options. Wouldn’t it be great to sell your home quickly for cash? That way, you could expedite the unpleasant process in no time at all, and have money on hand to pay off your debts and lawyer’s fees. But first, before you make a decision, compare your options.
How to sell your home fast 
during a divorce in Montreal
Use a real estate agent
You could always take the traditional route and go through a real estate agent. If you choose this option, you won’t have to worry about showing your home, drawing up contracts or dealing with a host of other details, because your agent will take care of them for you. This is the most viable option, but it does have its drawbacks.
First, you’ll need to have your home appraised, which will incur costs. What’s more, your home will most likely be viewed several times, and once you’ve found a buyer, you’ll have to wait for them to obtain financing. Finally, once you’ve accepted the offer, the closing date should be somewhere between 30 and 60 days after the agreement. Typically, the time required to complete the process from A to Z is at least three months.
Sell short
Another option is to sell short, which means that someone will buy your home for less than the value of the mortgage. Selling short means making arrangements with your bank (or loan company) to give you permission to sell for less than you owe. This option can sometimes enable you to sell faster than using a real estate agent, but it also has its drawbacks.
For a start, this can have a negative impact on your credit rating. On the credit side, the best you can hope for in a short sale is a note in your file stating that “your loan has not been paid as agreed”. This is far preferable to a financial repossession, which could ruin your credit rating for up to seven years. At the very least, if you can get your lender to agree, a short sale will quickly free you of your property.
Sell to a Montreal company that buys homes for cash
Another possibility – and perhaps the best one if you need to sell your home quickly during a divorce – is to sell your property to a Montreal company that buys homes for cash. If this is the option you choose, you’ll be able to settle everything in no time, sell your home at its fair value and save yourself a lot of headaches.
With such a company, the entire sales process – including an honest cash offer – can be completed in as little as seven days. Only a week, not months. Again, a professional Montreal homebuyer will pay you cash, which means you won’t have to wait for a buyer to receive a mortgage. What’s more, you won’t have to pay for pre-sale renovations. The company will organize and pay for the renovations. Not to mention that reputable companies will take care of all selling costs.
If you need to sell your home fast during a divorce in Montreal, you should consider selling to a cash home buyer in Montreal. It’s so simple. It’s fast. You’ll get an honest, cash offer.
