How do I force the sale of my house after divorce?

How do I force the sale of my house after divorce?

The division of real property owned by a divorcing or now divorced couple isn’t usually possible, so a court-ordered sale is the normal end result. If you use a partition lawsuit to force your ex-spouse to sell the home you jointly owned together, you’ll also usually have to divide any proceeds.

How do I get my ex partner off my mortgage?

Your ex-partner will almost certainly require your consent to remove you from the title deeds and/or mortgage. Usually after divorce or separation, one party applies for a transfer of equity to have the other removed from the title deeds, simultaneously enabling the lender to remove them from the mortgage.

How can I sell my half of the house?

If you and the co-owner hold the property as tenants in common, then you simply sell your half of the house. If it’s deeded as “tenants in common,” you can do that. On the other hand, if you and the other owner hold the property as joint tenants, you each own a non-divisible interest in the property.

Can you sell a house if you own half?

First of all, thanks for specifying your ownership agreement. Being a tenant in common, you are able to sell your share of the property. Once the property is sold, the profits of the sale are split according to the ownership agreement, after stamp duty, agent and conveyancer’s fees and court costs are deducted.

How much does an auctioneer charge to sell a house?

An auctioneer can cost you anywhere between $200 and $1000 dollars, depending on your location and choice of real estate agency. An auctioneer’s cost can be marketed as ‘free’. However this generally means the cost will come out of the commission amount paid to your real estate agency when they sell your property.

Can I make my ex sell the house?

You may be able to approach the court for interim orders to force the sale of the house. If granted, the orders would allow for the property to be sold, and would also instruct a timeframe within which it should be sold.

Is it worth selling my house at auction?

If you’re looking for a speedy sale and certainty that a buyer won’t bail on you then auctions are a good way to go. As long as there is enough interest and you’ve set a realistic price your property should be sold by the end of the auction.

Is it a good idea to auction your house?

Auction ultimately reduces days on market. It creates a competitive environment where bidders can compete for your home and as a seller there is no doubt that this is the best way to sell your property. When bidders see their competition, their is a sense of urgency to win the property first.

Is it better to auction or sell a house?

Will My Home Sell for Less If I Auction It Than If I Sell It Myself? Not likely. Auction marketing exposes your house to a broader audience of buyers and competitive bidding means you sell it to the person willing to pay more than anyone else. That’s market value!

Why do sellers usually prefer auctions?

Why Do Sellers (Usually) Prefer Auctions? The simple answer is that auctions involve bidders competing simultaneously, and this benefits sellers.

Why do auction houses charge a buyers premium?

In auction terms, the buyers premium refers to a percentage additional charge on the hammer price (winning bid at auction) of the lot that must be paid by the winning bidder. It is charged by the auctioneer to cover administrative expenses. The buyer’s premium goes directly to the auction house and not to the seller.