Divorces are difficult. About forty to fifty percent of marriages ended in divorce last year, and the rate is even higher for subsequent marriages. If you are going through a divorce right now, you are probably wondering what happens to your Bristol property after the divorce. This guide will help you figure out what the best steps are for you.
Who Keeps The Property?
This is something you and your soon-to-be ex-partner will have to decide. One of you, or neither of you, will have ownership of the property. Most divorces will require the sale of the property because both parties want to keep it. There are scenarios where it is possible for one party to take the house in exchange for something that the other party wants even more than the house.
Usually, the couple decides to list the property and split the proceeds. This is the most common way to sell your house in Bristol during a divorce, but there are other options that we are going to explore.
Why would someone consider other ways to sell their Bristol house during a divorce?
Sometimes, however, the sale process drags on and on, especially if the property does not receive very many offers from being listed with an agent. This is especially likely if the house needs some work or if one party is setting unrealistic price expectations when compared to the other local properties. Selling directly to Mike Buys Houses might save you some time, and headaches.
Another reason may be a lack of equity. It is unfortunate, but sometimes marriages end quickly and when this happens it can be difficult to sell your Bristol home during a divorce because you will have to pay to sell the property. We can help solve this problem.
Why Sell Direct?
Professional home buyers in Bristol, Pennsylvania typically close faster than traditional home buyers. Traditional home purchases usually require qualifications from banks, mortgage underwriting time, property inspection time and the buyer may not end up qualifying in the end. When you sell property through traditional real estate agents, the usual commission is 3% per side, so if you sell your home for $300,000, you would have to pay $18,000 in commissions alone! When you sell to us we are able to pass those commissions on to you.
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Purchasing Homes As-Is
Professional home buyers in Bristol will usually purchase homes as-is. We will take over everything, even if the house is in need of a total makeover then we are the guys for you.
As a seller, this means you do not have to worry about repairs before closing or any other additional expenses you were not planning on. When selling your house during a divorce in Bristol you will be surprised how simple we can make this process for you. There is enough going on in your world and we are just a simple solution for the sale of your house.
Lower Risk Transactions
Selling to a professional home buyer is extremely straightforward. They will lay out every step of the process and usually have shortened, very clear contracts that are simple as-is purchase agreements.
You will also have lessened exposure to legal risks. You won’t have to worry about the buyer finding something you didn’t know you didn’t disclose or something they don’t like about the home or the neighborhood. Under most traditional real estate contracts, there is a potential for the buyer to sue you if they feel they didn’t get all of the information, or if they feel the facts were misconstrued. Professional home buyers already know the state of the property, and they are willing to take on that risk. When we buy as-is, we truly mean as-is, which means that whatever we take on when we buy the property we will just deal with that and let you continue on your way.
When you decide to use a professional home buyer in Bristol, Pennsylvania, you will not have to worry about going through a roller coaster of emotions. There are no frustrating, middle-of-dinner phone calls asking if you are available to show your home. You don’t have to worry about leaving your home spotless every day before heading to work, just in case there is a showing while you’re gone. You don’t have to worry about possibly running into a buyer’s agent or their clients or dealing with them asking you questions that you really shouldn’t answer anyway. You also don’t have to worry about buyers arguing with you over which furniture you are taking and what you are leaving.
When selling your house during a divorce in Bristol it can be extremely frustrating to continually work on selling the house while also keeping the house clean, juggling your new family life, and going thru the legal proceedings of a divorce. If you choose to sell to us during your divorce in Bristol then we will just have to walk thru the house a few times with a few of our contractors and then we will be out of your hair completely until closing.
Move Out Time
Professional home buyers are in it for the investment. We are not expecting to move into the home on the day of closing. Most home buyers will allow a move-out timeframe after closing to allow you to relocate at your own pace. This is extremely helpful, especially with such quick closing timeframes.
Also, you may not even have to clean the home when you leave. You can simply pack your personal items and furniture you want to keep and leave the rest. We will take care of everything.