Optimal Approach: Selling the House
The most practical way to handle the real estate asset is by selling it:
The sales process might involve expenses or outstanding bills, including a partial mortgage. Selling the property and utilizing the equity to settle debts is advisable. The remaining funds can then be fairly distributed between the divorcing parties based on a pre-agreed percentage, often 50/50.
The Next Question: How to Sell the Property?
Typically, people consider listing with a real estate agent when selling a property. However, this approach presents challenges:
- The agent may require owners to invest in repairs upfront, raising the issue of who bears the cost.
- The listing process can take 3-6 months (or more) to find a buyer. Can either party afford to wait?
- The agent initiates negotiations, involving both parties and generating significant paperwork, potentially exacerbating the divorce proceedings.
Fortunately, there’s an alternative: selling to a real estate buying firm (such as [company]). Such firms purchase properties rapidly, in their current condition, for cash (plus, no commissions or fees apply). This approach avoids the need for repairs, streamlines the sale process to days rather than months, and minimizes paperwork.
Embrace a Swift Solution Amidst Divorce
If you’re navigating a divorce and wish to swiftly move forward, consider reaching out to us. We specialize in buying houses involved in divorce proceedings. By selling your house to us, you can expedite the divorce process and embark on a new chapter of your life. Share details about your property bysa or contacting us at (361) 223-6198.