Selling Your House While Divorcing in Floresville

Divorce Decree

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 Floresville

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 or other property and are trying to figure out how to go about selling your house or property 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.

Houses In Divorce Can Be Complicated

During a divorce, the two parties seek to split their assets in half. For some assets are liquid (such as money), 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.  And there are many factors that come into play from sentimental feelings or even children and their attachment.

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 a time that people rarely want to incur such expenses).  The one  buys the other out of their share.  That can be done by refinancing the loan to pay the one spouse their equity in the house so that spouse owns the house wholly.

Here’s How To Split The Real Estate Asset

The best way to split the real estate asset is to sell it and the court may decree that it has to be sold:

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?

The Fastest Way To Sell A Divorce House

When it comes time to sell, most people think of selling through a real estate agent. There could be a few problems with this:

  • the agent may suggest the owners pay out-of-pocket to fix up the property first —
  • the agent will then list the house, which can take 3-6 months to sell (sometimes longer depending upon condition) — can either party wait that long or do they want to wait that long?
  • the agent will then involve both parties in the negotiation with the buyer and there is the paperwork to shuffle back and forth

This can be costly and time-consuming way to sell, and it can actually add stress to the divorce proceedings.  Plus you have to come to an agreement on the sale.

There’s another way to sell and that’s to sell your house to a real estate buying firm.

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 knowing the people who buy divorce houses with cash.  The real estate buying firm will buy your house quickly, for cash, in as-is condition. 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.

So as a real estate agent / investor I can  fully explain your options and what may be best for you in the long term  and you can decide what you prefer to do to sell your house.

Click here to enter your information or call our office at (210) 216-7722 to tell us about your property

Uphill battle

 

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