Divorce can be a difficult time for many individuals, and the division of assets, including real estate, can often be a contentious issue. Here are some common problems that may arise with real estate homes during a divorce:
If the couple owns the home jointly, it can be challenging to determine how to divide the property. If only one spouse is listed on the deed, the other may have to prove their contribution to the property to claim a share of the ownership.
Valuation of the property
The value of the home may be a significant point of contention, especially if it has appreciated in value since it was purchased. Both parties may have different opinions on the value of the property, which can make negotiations challenging.
Selling the property
If the couple decides to sell the home, they will need to agree on the mode of selling (selling as-is fast for cash vs. 45 to 90 days if put on the market) and the terms of the sale. If one spouse is living in the home, they may be reluctant to sell, which can cause further conflict.
Buying out the other spouse
In some cases, one spouse may want to keep the home and buy out the other spouse’s share. Agreeing on a fair price can be difficult, and the spouse who wants to keep the home may struggle to obtain financing on their own.
Maintenance and repairs
If both spouses are still living in the home during the divorce proceedings, they will have to agree on how to split the costs of maintenance and repairs. This can be especially challenging if the couple is not on good terms.
Overall, real estate homes can be a significant point of contention during a divorce. It is crucial to work with an experienced attorney who can help guide you through the process and ensure that your rights and interests are protected.
Selling a house as-is for cash during a divorce without using a realtor is possible, but it requires some effort and research on your part. Here are some steps you can take to sell your as-is house for cash:
Research cash buyers
Look for cash buyers, like Sisters Who Buy Houses, in your area who specialize in buying houses as-is. Online searches and local classified ads are good places to start. You can also ask for referrals from friends or family members who have sold their houses as-is.
Advertise your property
Create a listing for your property and post it on online classifieds websites and social media platforms. You can also put up “for sale” signs on your property to attract potential buyers.
Be transparent about the condition of your property
Make sure potential buyers are aware of any issues or repairs needed in your property. This will help avoid any surprises during the negotiation process.
Be prepared to negotiate
Be prepared to negotiate with potential buyers to come to a mutually beneficial agreement on the sale price and terms of the sale.
Hire a real estate attorney
While you may be selling your property without a realtor, it’s still a good idea to hire a real estate attorney to help you navigate the legal aspects of the sale and ensure that all necessary paperwork is completed correctly.
Remember, selling a house as-is for cash during a divorce can be a complex process, so it’s important to do your homework and work with professionals who can guide you through the process and help you achieve your goals. Sisters Who Buy Houses can help you with all of your real estate needs. Contact us here or call us at (502) 273-0000.