Offload that pig just as fast as you can, before the divorce settlement. That way, you know for a fact what you are working with. Maybe using one of our Realtors here would be good, as they know what’s going on and would probably be able to sell it quickly — as long as you cooperated with them
As an aside, both of my parents passed away last year within 2 1/2 weeks of each other. They were divorced, and I had to deal with handling all the affairs by myself. I needed to sell to pay other beneficiaries and just close everything out. Everything (four properties) was sold, w/ closed escrows, within 60 days, though one piece of raw land was in escrow for many months due to easement/survey work.
All this, right in the middle of the “credit crisis” in August/September. I had to instruct our realtor on what to do because she was still uninformed about what was going on in the credit/mortgage markets. I actually forced her to price low, and lower the price in big chunks just in the first couple of weeks.
Neighbors were pi$$ed at me for “ruining comps” and “giving the houses away” because I priced aggressively (about 30% below peak). A house next door to my mom’s just came on the market the other week — 19% less than my already “discounted” sales price.
IOW, if you want to sell, SELL! That means you have to know the market, and price it aggressively!!!
If you don’t have kids, I can’t think of a single reason to hold onto a house that would strain your finances as a single man. Besides, if you hook up with another woman at some point in the future, she might not like your wife’s “ghost” in the house and you might not be able to sell it then.
Whatever you do, good luck to you!!! At least you don’t have any kids. That’s the worst part of a divorce, IMHO.
