We have provided a few tips for selling your house while divorcing in Savannah in this blog post. Divorce can be a difficult experience, especially if you have an unwanted property to dispose of.
Divorce is an emotionally draining and challenging process. However, you might be in a similar situation to other divorced couples who own a home. You might be wondering how to manage selling your house while going through a divorce in Savannah. Here are our top strategies for navigating the real estate part of your divorce carefully and efficiently.
Houses In Divorce Can Be Complicated
During a divorce, both parties strive for an equal division of assets. For example, liquid assets (such as money) can be easily moved from one place to another. The division of other assets, such as real estate, is much more difficult, since how do you divide a house in half? It’s usually based on the fact that an asset is complete and consists of a building on a plot of land so it’s not going anywhere in the near future.
As dividing the house is not an option, should either party be able to get the house? One party may be allowed to take the house only if they have the money to pay for it (which is a large cost that few people want to incur).
Here’s How To Split The Real Estate Asset
Selling real estate assets is the most efficient way to divide them:
In the course of the sales process, there may have been some expenses incurred, there may still be unpaid bills, or there may be a partial mortgage on the property. The divorcing parties might want to consider selling the property and using the proceeds to pay any outstanding debt.
Each party can then receive a predetermined percentage of the remaining funds (such as 50/50).
Yet, this raises the question of how the property can be sold?
The Fastest Way To Sell A Divorce House
Selling a home is often handled by a real estate agent. However, there are a few problems with this:
- Prior to selling a property, it is the agent’s duty to make sure it is fixed up. But who will pay for these repairs?
- Can either party wait that long after listing the house? The seller may have to wait 3-6 months (sometimes longer) before the house is sold after listing the house.
- After the agent has negotiated with the buyer, and both parties involved, there is a lot of paperwork that needs to be handled.
In addition to being time-consuming and expensive, selling this way can make the divorce process worse.
You can sell your house to a real estate buying company (which is what 32Homes LLC does). Real estate investing firms buy your home quickly, for cash, as-is (and they never charge a commission or fee for their services). You won’t need to clean up or fix up your house, since the sale is completed in days rather than months.
If you’re going through a divorce and want to move on from your property, you can reach out to us and tell us about your house. We can expedite your divorce by helping you sell the house thanks to our expertise in buying divorce houses.
Summary
An inherited house can be a lot of work so if you’re thinking of selling it, you’re certainly not alone. But how do you price an inherited house? These tips will guide you on how to price your inherited home in Savannah for sale.