Selling a house during a divorce
August 23, 2018
The inevitable decision
“What are we going to do with the house?”, is always a question couples get hung up on during a divorce. Sometimes one person may wish to keep the house by buying the other spouse out, or they may decide to keep the home and sell it after the divorce is finalized. Other couples, however, choose to sell their home during the divorce. With the lengthy and emotional process of divorce, deciding to sell the home is one less stress you have to deal with as you sort things out.
Personally and financially, selling the house in the midst of a divorce process is beneficial for both parties. The profit gained from the sale of your home might provide each spouse with a solid foundation to start anew as well as provide closure in a legal and emotional aspect. Choosing to sell before the divorce is finalized can also help provide each party with the means to deal with other financial responsibilities.
Preparing to sell
Before you sell your home, consider the many choices and responsibilities headed your way. Some homes may need maintenance or updating before they are ready to sell, which requires time, money and effort.
- If you choose to work with a real estate agent, sit down with your spouse and discuss the pertinent matters dealing with the sale of your home. For example, questions like, (1) Does the house need work before it is ready to sell? (2) Who will do the work? (3) Who’s paying for it? (4) Who pays the mortgage while the house is on the market? (5) Who pays for the upkeep of the house? (5) Who maintains the house for showings?
- If you decide to sell your house to a Real Estate Investor like our company, Primark Property Solutions, the above questions will not matter. We will buy your property “as-is.” No Repairs needed; your house doesn’t have to look pretty when you show it to us. No realtor commissions AND no closing costs. We pay cash so you can close on your timeline – no lengthy process. No cash out of your pocket, only cash in!
Accepting an Offer
Fortunately, some divorcing couples may not find selling a house together too difficult because both spouses ultimately want a timely, profitable sale. Decide on the price you’re both are comfortable with and go with it. If there are disagreements about whether to accept or decline certain offers, seek the advice of your real estate agent, this is what they are there for.
Dividing Proceeds from Sale of House
Once you accept an offer, it’s time to start thinking about dividing the proceeds. For the most part, this process is quite straightforward. After paying off the necessary obligations, you can have an escrow company distribute the money accordingly.
*** Is it possible to sell a home with no stress? Why, YES of course!
Selling a home during a divorce process is quite stressful. However, it is better to do it sooner rather than later. Do not prolong the inevitable. Once the house is sold and other assets sorted, it is easier for both parties to move forward with their own separate lives.
If you own a property in Florida, (specifically, Santa Rosa, Okaloosa and Escambia Counties) and are looking to sell, please call us at 850-462-CASH or click here. We pay you cash, no hassles, no delays, no drama. To get started with the process of selling your property, call us at 850-462-CASH or click here.