Divorce is not a fun process for anyone. Dividing assets and belongings can be a physically and emotionally draining process, and figuring out what to do with your house can be one of the most difficult aspects you’ll face. Even in the most amicable splits, selling a house can cause more than a few headaches. Luckily, there are solutions out there that make the process easier for all parties involved.
Why Sell the House
There are a number of reasons why selling your house might be the best move for you and your soon-to-be ex-spouse. For one, it might be too expensive for just one person to keep up with on their own. It could be that the profit gained from a sale gives each spouse a little nest egg to start their new journey in life. Similarly, some people find that a sale allows them to pay off and eliminate any joint debt. On the other hand, many divorcing couples choose to sell their house purely for emotional reasons. It can be difficult to live in a home that you once shared with someone else, and moving simply allows you to have a fresh start.
Before selling your house, you’ll want to take several things into account on the legal side. The two of you should get together to review all of the financial aspects of the house. For example, if there is a joint mortgage, both of you are liable to pay it off. Make sure you read the details of any legal documents outlining ownership and financial responsibility. You’ll also want to take a look at Texas property laws. Texas is a community property state, meaning that whatever is purchased during the marriage is owned jointly by both spouses. The laws can get complicated, though, so if you’re unsure about anything, a lawyer will be able to advise you on the best steps to take for your specific situation.
Deciding What to Do
The last thing you want when going through a divorce is another stressor on top of everything that’s going on. If you decide to sell the house, you have three main options: hire a real estate agent to list the house, try to sell it yourself, or sell to a cash homebuyer.
If you decide to hire a real estate agent, be prepared to spend time and money on the ordeal. Houses can sit on the market for months, and if you do finally reach a deal, there’s a possibility that it’ll fall through. On top of all of this, you’ll have to work out who is paying for the fees, as well as the expenses associated with cleaning, repairs, and remodels that are needed to get the house ready for the market. Selling the home yourself may be cheaper, as you don’t have to pay agent fees and commissions, but you’ll have to devote even more time to the matter.
Selling to a cash buyer eliminates all of these problems. Cash buyers purchase the home as is, meaning you don’t have to take the time to make costly repairs or remodels. Because it’s not on the market, strangers won’t be coming into your house at inopportune times. You will not have to keep the place squeaky clean and in tip-top shape— just one less thing that you’ll have to worry about! The cash buying process is also quick and you can do it on your schedule, meaning you won’t be forced into an unfavorable living situation for months just because the market is slow. It’s an easy solution that will allow both people to move on with their life.
How to Sell Your House for Cash During a Divorce
Selling your house for cash is a quick and easy process. The first step is to simply give the cash buyer a call or fill out a form online. If the property meets the buying criteria, you will be contacted to set up a meeting at the property. The buyer will do some looking around, just to get an idea of the condition of the house and other relevant information. You’ll then be presented with a no-obligation cash offer—if you aren’t satisfied, you can walk away. If you decide to take the offer, you can close the deal in as little as a week, sometimes even the very same day!
However, one of the most important steps when occurs before you even make the first phone call. It’s crucial that you find a reputable buyer that you can trust. It’s a sad truth, but there are phony companies out there that might take advantage of you during this vulnerable time. At Houndstooth Cash Buyers, you’ll find trustworthy professionals that will always give you a fair and honest price for your house. We are your local Austin home buyers dedicated to helping you find solutions to your problems. If you are going through a divorce and want to sell your home quick, don’t hesitate to reach out today.