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 Bay County…
Divorce is a difficult and emotional process for anyone to go through, and when it involves selling a house, it can become even more complicated. There are many different factors to consider, such as how to divide the real estate asset and what the fastest and most efficient way to sell the property is. Here are some tips and strategies to help you navigate the real estate portion of your divorce as carefully and efficiently as possible.
Houses In Divorce Can Be Complicated
Dividing a real estate asset during a divorce can be challenging. Unlike liquid assets such as money, a house cannot be easily divided. The best way to split the asset is usually to sell the property and divide the proceeds between the two parties. This can be done by selling the house and using the equity to pay off any outstanding debts, and then dividing the remaining amount between the two parties. It is important to discuss and agree on the percentage each party will receive before selling the property.
Here’s How To Split The Real Estate Asset
The best way to split the real estate asset is to sell it:
When it comes to selling the house, many people automatically think of selling through a real estate agent. However, this can be a lengthy and costly process, especially during a divorce. Agents will typically require the owners to pay for repairs and upgrades before listing the property, and then list the house for 3-6 months (or longer) before finding a buyer. This can be a stressful and time-consuming process, and can make the divorce proceedings even more difficult.
An alternative option is to sell your house to a real estate buying firm. At Panhandle Real Estate Investments, we specialize in buying houses quickly and for cash, in as-is condition. This means you don’t have to worry about making any repairs or upgrades, and the sale can be completed in just a few days, rather than months. There are no commissions or fees to pay, which can save you money during the divorce process.
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?
- the agent will then list the house, which can take 3-6 months to sell (sometimes longer) — can either party wait that long?
- 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
This is a costly and time-consuming way to sell, and it can actually make the divorce proceedings so much worse.
Divorce is a challenging time, and selling a house during this process can add to the stress and emotional burden. However, by following these tips and strategies, you can navigate the real estate portion of your divorce as smoothly and efficiently as possible. If you are going through a divorce and want to sell your house quickly and easily, reach out to us at Panhandle Real Estate Investments. We specialize in buying divorce houses, and can help you move on with your life as quickly as possible.