Timelines for selling house

[ICantWaitAnotherMinute]

For those that have been through the divorce journey and had to sell the home, at what point during the divorce process did the house go on the market?

Also a little concerned that the STBX may try to hold out for a certain price - do I have the ability to override or do we both have to agree the sale price? STBEX would be happy with the Zoopla average but I know it’s pie in the sky numbers and need to be realistic!

Yes you have to agree on the price. Is this something you currently agree on? Broadly? Are you both still living together

We sold before we filed for divorce and the consent agreement but we were amicable and trusted each other not to rip each other off

@DenholmElliot11 still living together. We have the equity split agreed with no pension sharing (pending his CETV statement which is going to take months) but there is a £30k difference in zoopla vs market price and he wants the higher zoopla number! My concern the house will be on the market for months but need to be realistic.

@minnienono Ah ok, it’s mostly amicable, uncomfortable though. Although talking finances is not easy, thank you, food for thought.

By Zoopla prices do you mean their projections or sold prices. Recent sold prices are a good indicator. But a lot depends on the market conditions and time of year. His confidence may or may not be misplaced.

In years gone by being optimistic about the price you can get has been an ok approach. Most of the time the market is hot and trending upwards. That could easily change in these volatile and uncertain times. You could just end up with a property that languishes. You either get no offers or ones that fall through because no one will lend at that price. These days that is a marketing nightmare. The internet means people can research the history and go online asking people why it isn’t selling.

A lot of people don’t like to buy from divorcing couples anyway. Because you can have competing motivations and incentives to sell or negotiate.

I would suggest you both agree on a strategy and do some decent research on what is an achievable price and negotiation stance.

You might need to put it on the market and be prepared to wait in order to show him that you’re not going to receive offers over the market value. Or you might get lucky. These things are not set in stone, the house is worth what someone is prepared to pay for it. You can only take an educated guess at what the value actually is.
Id start high on the basis that you reduce quite quickly if no high offer materialises. Now is traditionally a good time to sell, ( ie spring) so get it on the market as soon as you can.

You can sell before the finances are agreed. Your solicitor can hold onto the house sale proceeds securely for you.

I tried to take the mortgage on but it got knocked back. We had already agreed that the equity was my share of the divorce.
He left me to it as I sorted 3 estate agents and took the average valuation. I ended up getting slightly more as it’s a lovely house in a desirable location. It went on the market before Christmas and there were no viewers initially and he started to get twitchy but I held out. Offer came at the end of January and we are in the final stages with a moving date pencilled in for end of April.
He filed for divorce mid September.