Going through a divorce is tough. And one of the many things that you need to think about on top of all the emotions involved is the property that you and your still husband or wife live in. In the majority of cases, couples choose to sell rather than to pay off the other half to their partner.
However, can a house be sold during a divorce in Liverpool? That’s exactly what we’re going to be discussing in today’s article. In the sections below, we’ll also talk about:
- Whether or not your partner can refuse to sell the property during a divorce
- If it’s better to sell the house before the divorce is initiated
- Whether or not your partner can sell your property without your consent
To find the answer to all of those and more, make sure to read this article until the very end.
Can a House Be Sold During a Divorce in Liverpool?
Yes, a property can be sold during a divorce in Liverpool. For that to happen, however, both parties need to be in absolute agreement in regards to the way the property will be sold, the money they expect to come from the sale, and all of the other details. This is mostly because both parties will have to give their consent and sign the relevant documents for the sale to take place.
When it comes to selling a property during a divorce, there are a few different ways you can go about doing so. The first way is to sell your property to a third party, get the money, and split it evenly. The second way is for either party to remain in the property and pay the other party their half of the property.
Can My Partner Refuse to Sell Our House in Liverpool During a Divorce?
Yes, your partner can refuse to sell your property during a divorce. As part of the negotiation process, the party that refuses to sell will be given several different options to pick from. If they are keen on keeping the property, they can also suggest alternatives that suit them. However, for the property to be sold, both parties must come to an agreement.
Usually, it’s best if both parties tell their legal representatives what they want, and the legal representatives handle the negotiation for them. That way, the two parties won’t be in direct contact with each other, which could likely cause further emotional damage and make the divorce and asset allocation process more difficult.
Is It Better to Sell a House Before a Divorce in Liverpool?
If you and your partner are getting divorced and are happy to settle things the right way, selling your house before initiating the divorce is a good idea. You can sell the property, split the money that comes as a result of the sale, and it’s one thing less that you’ll have to worry about.
If you are happy to take your time with the sale of the property, you can go down the traditional way of selling it through an agent. However, most people who want to get divorced want everything to be sorted out there and then. In such a case, it’s better to sell your property to cash house buyers who can pay for the value of your property and acquire it within 7-14 days.
Can My Partner Sell Our House Without My Consent?
If you and your partner are joint owners of your family home, neither party can sell or mortgage the property without the consent of the other one and signing the relevant documents. With that said, if your partner tries to take any action on the matter without your agreement, it’s essential that you seek legal advice.
Having a legal representative that knows exactly what can happen in your situation is key to protecting your interests. Not only that, but it will save you unnecessary arguments, stress, and hassle that you could probably do without during such a difficult part of your life.
Can I Buy My Partner’s Half of Our Property?
If you are keen on keeping the property and don’t want to sell it as part of the negotiation process, you can put this offer on the table. That way, if your partner accepts, you will effectively pay their half of the property, making you the rightful owner. And from here on out, you get to choose what you want to do with the property as it’s all yours.
In most cases, people who divorce want nothing to do with their family home as it will only bring them memories from the past. So, if you want to keep the property, chances are that your other half will accept. It also speeds up and simplifies the asset allocation process significantly.
Going through a divorce is never easy. On top of all the emotional baggage, you also have to worry about splitting all of the assets that you and your partner have accumulated over the years. One example being your family home, which in most cases is the most valuable asset you both own.
Fortunately, the law in Liverpool and the UK as a whole is pretty flexible when it comes to selling a property during a divorce. And hopefully, after reading this article, we’ve managed to shed some extra light on the matter and have given you clear answers to your questions.