If you’re going through a difficult divorce and trying to figure out what to do about your unwanted real estate, then keep reading this blog post to give you our best suggestions about selling your house while divorcing in Sicklerville…
Divorce can be challenging and emotional. Yet, in the midst of the difficult situation, you might be like other divorcing couples who own a house and are trying to figure out how to go about selling your house while divorcing in Sicklerville. It can be difficult to focus on the house during this time so here is a quick guide to selling your house in Sicklerville while divorcing.
Here are our best strategies and ideas to help you navigate the real estate portion of your divorce as carefully and efficiently as possible. Planning is a key component and we hope that this will help you layout a good plan.
Houses In Divorce Can Be Complicated
During a divorce, the two parties seek to split their assets in half. Some assets are liquid (such as money), and when that is the case then it’s very easy to do. For other assets, including real estate, it’s much harder to do because how do you split a house in half? It’s one asset that derives its value from being whole, and it’s usually a structure built on a plot of land, so it’s not going anywhere. Obviously splitting it in half is off the table and most likely continuing to live there together is not the best option.
Since cutting the house down the middle isn’t an option, should one party get it or the other? And maybe in some divorces, one party might be invited to take the house only if they can pay for it (which is a massive expense at a time that people rarely want to incur such expenses). Even if one of the parties get the house it can be costly to pay for a house that used to have 2 salaries when there is only 1 salary now.
Here’s How To Split The Real Estate Asset
The best way to split the real estate asset is to sell it:
The property itself might have some expenses incurred during the sales process, or there might be outstanding bills, or there might still be a partial outstanding mortgage on the property. So the two divorcing parties should probably just sell the property and direct their attorneys to apply the money earned from the equity to any outstanding debts.
The remaining amount can then be split between each party, with each party getting an agreed-upon percentage (such as 50/50).
But this begs the question — how do you sell the property? Listing it with an agent can take time and costs money – it may be the right option for you, but why not reach out and find out via a no hassle, no pressure call. Reach out at 267-984-4765.
The Fastest Way To Sell A Divorce House
When it comes time to sell, most people think of selling through a real estate agent. Unfortunately there’s a few problems with this:
- the agent will make the owners pay out-of-pocket to fix up the property first — but who pays for that? This is often a point that leads to more fighting in a time where that is what everyone is hoping to avoid.
- the agent will then list the house, which can take 3-6 months to sell (sometimes longer) — can either party wait that long? It can be a hassle to continue to have to work together to sell this asset – is the extra headache worth the potential small difference in profit?
- the agent will then involve both parties in the negotiation with the buyer and there is A LOT of paperwork to shuffle back and forth – it can be a drawn-out process.
This is a costly and time-consuming way to sell, and it can actually make the divorce proceedings so much worse.
Fortunately, there’s another way to sell and that’s to sell your house to a real estate buying firm (which is what we do here at Mike Buys Houses). We will buy your house quickly, for cash, in as-is condition (and as a bonus, there are never any commissions or fees to pay). You don’t have to clean up or fix up the property and the sale can be completed in days, not months, with very little paperwork. It the easiest way for you to quickly and conveniently sell your property.
If you’re going through divorce and want to just be done with it and move on with your life, just reach out to us and tell us about the house you want to sell. We specialize in buying divorce houses and we can help you expedite your divorce by buying this house from you.