House wont sell

[Bogfaerie]

I'm struggling. I'm going through divorce. My husband left me in huge debts. I told him to leave due to his behaviour. I paid all debts off on house. I cant go in to too much but divorce about half way through financial hearing soon. I cant afford a solicitor. I'm paying all the bills looking for work and scraping by. My husband is not contributing whatsoever. The house is up for sale not selling no mortgage. He's in huge debts none mine. Nor am I responsible as I did seek some legal advice. Ive asked him to contribute towards bills til house sold - he's not. My only tie now is house. He's just got charges on house too. The debt is unbelievable. I wish the house would sell. Ive got adult children no young kids. Does he legally have to contribute to bills. He's used money as a form of manipulation hence my divorce.

No he doesn't have to legally pay towards bills if he isn't using them.

You will need to get your adult children to help with costs such as food or electric. Are they working?

What is wrong with the house? Too many jobs to finish? Overpriced for the area?

No he doesn’t have to pay for bills in a house he’s not living in

you need to look at why it’s not selling and make those changes

eg price
decor
clutter

etc

What does your Estate Agent think the problem is? Are they aware of the urgency? If your adult children live with you, are they helping with costs? Did you agree to the charges or are they secured on his part of the house?

If the house won't sell and you need it to sell quickly you need to reduce the price.

Do your adult children live at home? Can they help with bills?

The house wont sell due to the price bracket it's in. The EA has said those priced properties are sticking on the current market. The lower end properties arecselling but higher end are sticking. Legal advise I was given was not to firesale it and sell it cheap or less than it was worth as I will need to buy another property. It is decluttered etc. I wanted to know whether he was legally obliged to contribute something towards the bills or certain bills since legally on paper he still owns 50% of the property. Example repairs after the last storm i had to pay all of it. We jointly own dog massive vets bills I've paid.

Imo You are much better off selling sooner rather than after his debts are attaching to the house. Otherwise you can end in a legal battle with people he owes money to for your 50% of the sale value. As it stands you are paying for the upkeep/repairs of the house and he will benefit from any market up lift without the costs.

You are looking to buy in to the housing market at 50% of your current house's market value?
So you dont gain extra "value" if that market rises along side your house's MV and will loose out if that housing market rises faster due to high demand and fixed supply.

Price it to sell.

Take over full ownership of the dog or give him the dog.

He is not going to pay ongoing costs or utility.
If you can not get agreement ask the court to rule on any pre-sale costs eg disposal of personal property, taxes or the legal cost of clearing the charges etc

He doesn’t have to pay op

The house is priced to sell its been reduced also however the market is sticking aftercare certain price bracket and that's according to EA . Since I'm paying for the Dog and all vets bills I'm keeping him regardless.

Obviously the higher up the price bracket you go the less potential buyers there are.

Usually things pick up around March April in terms of activity. But ultimately your house is only worth what someone will pay so you may need to spend money to get it in tip top condition to command price or lower it again to try to attract more interest or simply wait and see what the market does.

you would likely be better to reduce price a bit to try to get an offer rather than just keep holding out for more and it dragging on

@millymollymoomoo the last thing I'm trying to do is hold anything up. I cant get away from here quick enough. It's been reduced already. I own half no mortgage im desperate to move away from here. I've looked at quick buy companies but they're a total rip off.

Yes I agree they are not good and I wasn’t suggesting that

but if it’s not selling ultimately it’s because it’s too high

are you getting people through the door? If not what does your estate agent say is the reason ? If people are coming to look what is the feedback? What ( and when) is selling simlar to yours in your area? What did they sell for? You need to understand this if you don’t already.

I’ve just sold a 1.5m house ( south east) and it is tough as there aren’t that many buyers at that level but it’s important to take feedback, make changes accordingly. There is huge level of uncertainty now re impact of stamp duty changes in a few weeks, economic uncertainty re budget impact to jobs etc so the market is slow but it is still possible to sell

Name change and put up the right move link - there are many posters who would give you constructive comments on the brochure.

Presumably, once the house sells he can use his share to pay off his debts that he's secured on the house, plus pay you back for any debts you've paid off on his behalf. So you would get a slightly larger share of the sale, and would you therefore be able to sell at a bit of a lower price?

Is there a mortgage on the house still, and if so who is paying that?

There is no mortgage on house. Houses are selling very slow where I live. There's a couple of properties been on the market over a year.

I echo the advice to post on the property page. Use a different username.

You need cold objective advice and it is nearly always price.

If property in a certain price bracket isn’t selling then there may be a ceiling price for the area.