If you’re going through a difficult divorce and trying to figure out what to do about your unwanted real estate, then keep reading this blog post to give you our best suggestions about selling your house while divorcing in Philadelphia…
Divorce can be a challenging and emotional time, especially when you own a house and are trying to figure out how to sell it in the midst of the process. If you’re in Philadelphia and facing this situation, there are several strategies and ideas you can consider to navigate the real estate portion of your divorce carefully and efficiently. By being mindful of your options and working with professionals who can guide you through the process, you can move forward with confidence and ease.
Houses In Divorce Can Be Complicated
Dividing assets during a divorce can be a challenging process, especially when it comes to real estate. Unlike liquid assets, it’s not feasible to split a house in half. This means that one party will need to take ownership of the property, and in some cases, this may only be possible if they can afford to buy out the other party’s share. However, this can be a significant expense that many people are not willing or able to incur during a time of transition and upheaval. As such, it is important to carefully consider all options and work with professionals who can help navigate the complex legal and financial aspects of the process.
Here’s How To Split The Real Estate Asset
The best way to split the real estate asset is to sell it:
When going through a divorce, it’s possible that the property in question may have expenses incurred during the sales process, outstanding bills, or even a partial mortgage still left to pay. In such cases, it’s often best for the divorcing parties to sell the property and use the proceeds to pay off any outstanding debts. This approach ensures that both parties can walk away from the sale without any lingering financial obligations or disputes. It’s important to work with attorneys and other professionals who can help navigate the sale process and ensure that all necessary steps are taken to protect the interests of both parties.
The remaining amount can then be split between each party, with each party getting an agreed-upon percentage (such as 50/50).
But this begs the question — how do you sell the property?
The Fastest Way To Sell A Divorce House
When it comes time to sell, most people think of selling through a real estate agent. Unfortunately there’s a few problems with this:
- the agent will make the owners pay out-of-pocket to fix up the property first — but who pays for that?
- the agent will then list the house, which can take 3-6 months to sell (sometimes longer) — can either party wait that long?
- the agent will then involve both parties in the negotiation with the buyer and there is A LOT of paperwork to shuffle back and forth
This is a costly and time-consuming way to sell, and it can actually make the divorce proceedings so much worse.
If you’re going through a divorce and need to sell your property quickly without the hassle of traditional listing methods, selling to a real estate buying firm may be a viable option. At Property Buyer Today, we specialize in buying houses quickly, for cash, and in as-is condition. There are never any commissions or fees to pay, and you don’t have to worry about cleaning or fixing up the property. The sale can be completed in just a few days, with very little paperwork involved. This can be a convenient and stress-free option for divorcing couples who want to sell their property quickly and move on with their lives.
If you’re going through a divorce and want to sell your property quickly to move on with your life, don’t hesitate to reach out to us at Property Buyer Today. We specialize in buying houses from divorcing couples, and we can help expedite the process by purchasing your property directly from you. This can be a convenient and stress-free option for those who want to sell their house quickly and move on with their lives without the hassle of traditional listing methods. Simply tell us about the house you want to sell, and we’ll take care of the rest.