Real estate and divorce:
What you need to consider
What you need to consider
Real estate and divorce:
What you need to consider
Divorce has been unthinkable for many couples for a long time. Many people feel even more overwhelmed and helpless when their marriage is suddenly over. In addition to the emotional wounds that a separation always leaves behind, a divorce also creates a host of organizational problems for the former partners.
If you own a property together, the question arises, for example, what should happen to the house now? Over the last 30 years as a real estate agent in Frankfurt, we have been able to support many owners who were faced with exactly this question. That’s why Lang Immobilien is your partner on the topic of “divorce & Real Estate” in Frankfurt am Main.
Michael Lang – Managing Director
Lang Immobilien is the expert for your divorce property.
When you work with us, you benefit from numerous advantages:
Ex-wife. Ex-husband. Ex-house? This guide with helpful expert tips will show you how you can part ways peacefully, at least when it comes to real estate!
Our extensive range of services
for your property sale
- Research – checking the floor plans | Land register extract | Examination of the utility value report | Owners meeting minutes | Operating cost accounting | Rental agreements |
- Compilation of the lending documents | Energy certificate (external consultants, possibly subject to a fee)
- Advertising materials – Professional, emotional photos | Research into the environment | emotional lyrics | Floor plans in color with furniture | elaborate exposé | Exposé as an online mailer | Action flyer | Sales signs
- Marketing – Advertisements in daily newspapers and weeklies | Online marketing on all major internet platforms | Distribution campaign flyer | If necessary, theme party OpenHouse I Videos, for example on Videomakler-TV
- Viewing service – Advice on home styling, if necessary placement of external experts | Organization of small repair and beautification work | Prospect screening | Appointment coordination without the presence of the owner | Regular feedback by email, fax or telephone
- Sales negotiations – price argumentation and negotiations | Credit check | Financing partner service | Bank coordination | Mortgage appointment | Contract service | Notary service
- After-sales management – key handover | Document management | Moving service | Search service for new property | Conversion service
Real estate and divorce: keep or sell your property?
In the event of a divorce, there are various options as to what can happen to the shared house, for example:
» Both move out and sell the property:
The proceeds generated can probably be used to pay off the remaining loan. Maybe there will be something left over that can be divided between the ex-partners, giving both of them a fresh start. That would be the simplest and most uncomplicated solution.
» One partner wants to stay in the property:
One partner can then pay out the other and the property becomes his sole property. However, disagreements often arise about the value of the property, which the person moving out usually estimates to be higher than the person staying. There is also the question of who should or has to move out and who can keep the property.
» Keep the property:
Of course, there is also the option of continuing to own the property together and, for example, renting it out. However, this is only recommended if the separation is somewhat amicable.
We develop individual solutions
As is often the case, there is of course no single correct solution, but the individual case must always be considered. There are many different factors that come into play when it comes to divorce and property:
- For example, the property does not belong equally to both spouses.
- Or the loan agreement only applies to one partner – does the other partner then have to contribute to the payment of the due dates even after the separation?
- Or one partner brought the property into the marriage – does he or she still have to pay out the other one?
- What does the gainful community actually do?
- You see, the topic of divorce & Real estate can become very complex very quickly. However, we at Lang Immobilien can certainly guide you through all of these questions as your personal advisor.
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Lang Immobilien - your trustworthy partner in every situation
Divorce is a highly emotional matter that is often accompanied by arguments. In order for the dialogue to be productive, it is important that you have an objective, neutral and professional partner at your side. They will provide you with competent advice and help you find a solution that will satisfy all parties.
We at Lang Immobilien have already advised many couples in this upsetting situation and have already experienced the most difficult constellations. We will also find a solution for your divorce property and work with you to determine whether it is better for both partners to move out and sell the property or for one to pay out the other.
We were able to successfully help these (ex)partners with their divorce property
To give you a more precise idea of how the process of selling property in the event of a divorce can work, you can read the stories of three couples here for whom we were able to successfully mediate.
There are divorces that are quite peaceful and then there are also divorces that are really bad. In one case we were dealing with a full-blown War of the Roses.
In this case it is a married couple who bought an apartment during their marriage and lived in it – so they were both owners. But during the marriage, the man had already sold her the right to occupy the apartment to the city. This means that the owner must then rent the apartment to socially disadvantaged families at a capped rent for 15 years. Of course, this puts a lot of pressure on the selling price. At the same time, the bank put pressure on because the installments for the home loan were no longer being paid.
Now the divorce was finally imminent and we were commissioned as brokers to sell the apartment. The big difficulty here was that the couple no longer wanted to meet under any circumstances. So we took on the role of mediator and negotiated with each of them individually. We took over all the tasks involved in selling the property – gathering documents, taking photos, etc. – and started marketing.
Thanks to skillful marketing and a good deal of negotiating skills, we were able to achieve a reasonable price in the end despite the right to document. Due to the couple’s enormous disputes, we also took over the notary appointment so that the two of them didn’t have to face each other alone.
Another couple’s divorce was a little more leisurely, but not entirely without conflict. She also bought an apartment during the marriage and now had to decide what should happen to it.
She wanted to sell and he wanted to rent. With this disagreement, you came to us and commissioned us as your broker. The first thing we did was carry out a comprehensive property valuation, which we used to discuss the options and potential of the apartment. At the end of the calculation it was clear that a sale would be most worthwhile. Especially since if he wanted to rent out the apartment, he would have had to pay out his ex-partner and he didn’t have the money to do that.
So in the end the apartment was sold. We took care of all tasks, from creating the exposé to marketing and handing over the keys, and were able to successfully complete the sale within just a few weeks.
The case of a couple who had planned and built a new apartment in the Europaviertel together, but separated just two years after moving in, was quite tragic.
We were commissioned by the couple to sell the apartment under optimal conditions. Both were owners of the apartment and had been terribly at odds since the separation. So a sale was the right solution, because otherwise one would have had to pay out the other. Alternatively, if you had continued to share, you would still have had something to do with each other.
In this case too, Lang Immobilien took over the communication between the (ex) partners and took care of the entire sales process. Thanks to the good location and our experience as a real estate agent, we were able to complete the sale after just four weeks with very good results. The couple was able to quickly go their separate ways.
Selling property after divorce? We advise you!
If you want to sell the property, we will help you complete the sale quickly and safely so that you do not make any losses despite the divorce.
With experience and expertise, we have found a satisfactory solution for every divorce property. So don’t hesitate to ask us all your questions about your divorce property! Arrange afree, independent & non-binding consultation appointment!