If you’re going through a difficult divorce and trying to figure out what to do about your unwanted real estate, then please keep reading this blog post to give you our best suggestions about selling your house while divorcing in Kalamazoo.
Divorce can be very challenging and emotional. During this difficult situation, you may be like other divorcing couples who own a house and are trying to figure out how to go about selling your house while divorcing in Kalamazoo. Here are our best strategies and ideas to help you carefully and efficiently navigate the real estate portion of your divorce.
Houses In A Divorce Can Be Complicated
During a divorce, the two parties seek to split their assets in half. Some of the assets are liquid, such as money, and it’s very easy. For other assets, including real estate, it’s obviously much harder to do because how do you split a house in half? It’s one asset that derives its value from being whole.
Since cutting the house down the middle isn’t an option, should one party get it or the other? Maybe in some divorces, one party might be invited to take the house only if they can pay for it; however this is a massive expense and very time-consuming. People rarely want to take this on with everything else they are dealing with in a divorce situation.
Here’s How To Split The Real Estate Asset
The best way to split the real estate asset is to sell it.
The property itself might have some expenses incurred during the sales process. There may be outstanding bills or there may still be a partial outstanding mortgage on the property. 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.
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. Here are a few things to consider:
- You may have to pay out-of-pocket to fix up the property first — but who pays for those expenses?
- The house will then get listed which could take 3-6 months to sell (sometimes longer) — can either party wait that long?
- Both parties will then be involved 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; it could make it so much worse for the divorce proceedings.
Fortunately, there’s another way to sell and that’s to sell your house to a real estate buying company which is what we do here at Ryan Buys Houses. We will buy your house quickly, for cash, in as-is condition and as a bonus, there are never any commissions or fees to pay. You don’t have to clean up or fix up the property and the sale can be completed in a few weeks, not months, with very little paperwork.
If you’re going through divorce and want to just be done with it and move on with your life, please reach out to us and tell us about the house you want to sell. We specialize in buying houses and we can help you expedite your divorce by buying this house from you.
We can help! Send us a message or give us a call today! (269) 775-4095