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 Sacramento…
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 and are trying to figure out how to go about selling your house while divorcing in Sacramento. 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.
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).
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, 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. 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 — can either party wait that long? This time period depends on a lot of factors. Such as marketing the property, showings, negotiation, escrow, inspections etc.
- 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.
Fortunately, there’s another way to sell and that’s to sell your house to a real estate buying firm (which is what we do here at Upright Property Investments ). The real estate buying firm 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 days, not months, with very little paperwork.
Yes that’s right Upright Property Investments will buy your home with a cash transaction. Because this transaction is going to be cash. There are some great benefit to you as a seller. Especially during a difficult time in your life. In buying your home in a cash sale, we take out a lot of the hassle that would go with a traditional sale.
When you sell to Upright Property Investments, we can close our transaction in as little as 7-10 days if speed is something that you need. Along with speed in our transaction, you will have no “request for repairs.” We are not going to ask you to take the expense or hassle of doing repairs for your home. We are buying your home literally just “as-it-is”. There will be no loan or appraisal contingencies in your transaction. We are buying your home with cash. So you do not have to worry about someone’s loan going through or an appraisal to come in at the right number. In addition to this you will pay NO closing costs or real estate fees. Upright Property Investments will pay for all of this. Along with all of this, you have my promise that my wife and I will sit down with you and work with you openly and fairly. The sale of your home will be done professionally and honestly. So we encourage you to pick up the phone and give us a call. Let’s sit down and see if we can help you? I believe we can!
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 buying divorce houses and we can help you expedite your divorce by buying this house from you.