There is no subtle way to put it- divorces are awful. With so many emotions blowing out of proportion, couples may disagree over everything. Ideally, the best course of action will be to work it out, but it is advisable to be as level-headed as possible.
Over 50% of American weddings end up in divorces, so it is no surprise that many Bay Area residents are looking for advice on selling their homes during a divorce. There is NO CONCISE COURSE OF ACTION that can be implemented in every situation, but this article will try to provide the best possible guidelines to surpass this hurdle successfully.
What To Consider
There are several factors to consider when facing a divorce in a real estate market such as The Bay Area, Sacramento, and Los Angeles. One of the key items for consideration is the fact that a home is one of the most valuable joint assets and obviously cannot be divided easily without first liquidating it to cash. Bearing this in mind, here are a few important considerations.
Decide If (and When) To Sell
When considering selling your house during a divorce, the most influential factor is the kids. They should not bear the physical burden of this disagreement, as the moving part may be too much for them to handle. Therefore, it is advised that one partner keeps the home in any condition and buys out the other’s shares. Equally, agreements could be made where one partner uses the house for a set period (usually the partner who has custody over the kids) and then sells it at a later time.
Get Professional Help
There are a lot of things to consider during a divorce, and arguments frequently break out over the most trivial of issues. Selling your house can be pretty difficult under normal circumstances, so it is expected to be even more complicated when going through a divorce. Agreeing on a price may be impossible between the couple, so hiring professional help such as real estate agents or Bay Area cash house investors is recommended. This presents both parties with a neutral and rational opinion and a fair price appraisal for their property.
Set an Achievable Timeline
Set a timeline within which you intend to sell your property, and stick to it! Put up your house for sale in advance and determine the closing and moving dates and the time. Deciding which spouse should be responsible for negotiations can also facilitate this process. You may want to consider putting everything into writing to ensure that either partner doesn’t take advantage of the situation to get away with foul play.
Sell Your House For Cash
If there is a method of selling a property that suits divorce circumstances best, it would be selling the Bay Area property as is,at a fair price for cash. Real estate investors such as “Brothers Buy Homes” in the The Bay Area can purchase your property for a fair price and close the deal in as little as 7 days. This ensures that each partner is not in each other’s way for any longer than they need to be. It can undoubtedly make selling the property easier during the divorce proceedings.
Give us a call today at 415-692-5133 if you need to “sell my house fast Bay Area“, Sacramento or Los Angeles County.