Going through a divorce is one of the most stressful life events one can experience. Whether you need to sell your marital home or are looking for a new place to stay in Philadelphia, a luxury real estate agent at Maxwell Realty can help you navigate this challenging time with discretion.
When selling your home in the midst of divorce, you need a high-end realtor you can trust. You need an experienced real estate agent to offer sound advice and guide you through the entire process of listing and selling your property. It is important that your realtor not only be sensitive but also capable of handling the various complexities that may accompany the sale of your home during a divorce.
At Maxwell Realty, our luxury real estate agents can help you find a new home in Philadelphia so you can start your life fresh. With over 50 years of experience, over $3 billion in real estate transactions, and connections with some of the top landlords in the city, we can help you find a new home that you will love. Contact us to learn about available properties or to discuss the sale of your home today.
Renting a Luxury Apartment During a Divorce
Whether your marital home is on the market or you simply need a new place to live while your divorce is pending, Maxwell Realty can help you find a comfortable place to call home during this next phase of your life. We specialize in luxury apartment and condo rentals in some of Philadelphia’s best neighborhoods including Washington Square, Rittenhouse Square, Society Hill, and more. When you are ready to find a new permanent residence, we can help you find an apartment, condo, or house that suits your needs and your lifestyle.
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Not only will renting a luxury Philadelphia apartment give you the separation you need to figure out your next steps, but it can give you more cash in your pocket for other priorities; can help you stay in the area of your children’s school districts; and can be a temporary solution as you decide what will happen with the family home.
Maxwell Realty has a number of gorgeous luxury apartments that will give you a great start in your new life. One such property is Riverwalk Philadelphia. Located on the banks of the Schuylkill River, this luxury apartment complex is close the universities and hospitals. A great neighborhood for students and young professionals alike, Riverwalk makes living in Philadelphia a breeze.
Another property you may be interested in is 220 W Washington Square. Overlooking beautiful historic Washington Square Park, this 3,720 square-foot luxury apartment is on the sixth floor of a boutique condo building and features a private elevator, gated parking, huge ceilings, and a great neighborhood.
Check out all our listings to see what properties work best for you then contact us today for more information.
Selling Your Home During a Divorce
One of the toughest parts of getting a divorce is the equal distribution of the marital property.
If you and your partner are debating the right time to sell your home, there are a few benefits in selling before filing for a divorce, such as:
- It gives you and your partner time to find a new home and to move out so you can get used to your new life.
- It maximizes the amount of time it’s available, which means more suitable buyers and a better chance of getting a good price.
- You won’t have to worry about a court order to sell the home as you would during a divorce, which could slow down divorce proceedings.
- Selling the property will also give you and your spouse some money to help make a new start in life. You can use that money for new living situations and cover any fees that arise during the divorcing process.
- If you and your spouse have lived in the residence for at least two of the past five years, selling a home while still a couple could qualify you for a full tax exclusion of $250,000 per individual.
It’s important to remember that both you and your spouse need to be in agreement about selling the property. If you sell the property prior to the divorce without your spouse’s permission, there may be consequences during the divorce.
Steps to Selling the Marital Home
Here are the steps you should follow when selling the marital home in Philadelphia:
Improving the Home and Agreeing on a Price
Make any home improvements before putting the house the market. For example, if you need a new a roof on your home, now is the time to get that taken care of. You do have the option to sell the home as-is if you wish to sell it as quickly as possible; however, by making simple changes to your home you will increase its value.
Once you’ve made the improvements, contact Maxwell Realty to start the process of getting the home listed. We will work with you and your ex-spouse to find the right price for the home that you both can agree on.
Splitting the Costs
At this point, you will need to work with your partner to agree on any costs associated with the sale of the home.
You will also need to agree on the mortgage payments and who will be making the payments as well as who will receive that portion of the principal back once the home is closed.
Splitting the Proceeds
Finally, when the home is sold, you will need to agree on how the proceeds of the home will be split. If you are divorcing at the time of the sale, this will be equally divided between you and your spouse.
Remember that all expenses will need to be paid prior to receiving the proceeds. This includes paying off the mortgage; equity lines of credit; any liens that may be on the home; agent fees; and closing costs.
How Maxwell Realty Can Get You Into a New Home Following a Divorce
We understand the difficult time you are going through and we want to help you start your new life on the right foot. With over $3 billion in real estate sold in Philadelphia, we are ready to help you sell your home and begin the next chapter of your life with confidence and security.
If you’re going through a divorce and need to find a new place to live in Philadelphia, don’t hesitate. Contact Maxwell Realty today to speak with a high-end realtor who can help you begin the process today. Feel free to fill out our contact form or call us at (215)546-6000.