DIVORCE

Divorce is not an easy process and requires a lot of decisions that can be time-consuming and emotionally draining. Deciding what to do with your home is one of the largest financial decisions you will make throughout the entire process. This decision, however, does not need to become a burden and can be less overwhelming than you think. 

Do I have to sell my house?

If you and your spouse are in the process of divorce, you may be questioning whether or not you will have to sell your house. There are a few factors to take into consideration: the terms of the divorce and the financial situation of the divorcing spouses. In some circumstances, a judge may order the marital home to be sold and the proceeds divided.  

Why should I sell my house?

Both parties cannot agree on who should keep the house. 

One of the most common reasons a home is sold during a divorce is that the couple cannot come to an agreement on who should keep the property. When there are children involved, the primary custodian may choose to keep the property; however, this is not always the case. In addition, it is common for divorcing couples who do not have children to battle over keeping a property.

Neither divorcing spouse can afford to keep the house.

Although one or both parties may want to keep the property, it may not be financially feasible to afford the payments on a single income after the divorce. If one divorcing spouse chooses to keep the property, it is important to understand that he or she may have to buy out the other spouse’s equity in the home. This puts more of a financial strain on the party who decides to keep the property. 

Should I put my property on the market or accept a cash offer?

The last thing you should be worrying about while going through the divorce process is how long your house will be on the market or having to pay two separate mortgages. Luckily, there are a few options when it comes to making this decision. If you feel that putting your house on the market is the best option for you, we have an agent who can list it whenever you are ready. If there are any repairs or cosmetic fixes that need to be completed before putting the property on the market, we will work with you to ensure that they are taken care of as soon as possible. Although listing a property may be a favorable decision for some, other divorcing spouses may try to avoid prolonging the process of divorce by dealing with putting a house on the market. If you want to close the sale of your house quickly, we can work on your time frame by giving you a cash offer as soon as today. We offer day-of home valuation services that allow for a quick and easy decision for all individuals involved.