Few things can be as gut-wrenching as going through a divorce – and having to give up the house that was once your family home doesn’t make it any easier.
Divorce attorneys, division of assets, legal paperwork, tax and mortgage payments, and capital gains taxes; it’s a lot to handle at once.
But sell a house during a divorce doesn’t have to be a logistical – and often, financial – nightmare, though.
Let us help you navigate this difficult transition and move forward by giving you a fair cash offer and ensuring a fast and straightforward closing.
Why Do Some Divorcing Couples Sell Their Home?
The marital home is usually the most significant asset couples have – and one that holds tremendous sentimental value, as well.
As much as one spouse may want to keep the home, sometimes listing the house is the best – if not only – option for a divorcing couple due to the following:
Legal Reasons
Division of property during a divorce, often handled through divorce attorneys or judges’ ruling, is never straightforward. When you sell the home, it’s easier to divide the assets, fairly and equally.
Financial Reasons
Mortgage payments, property taxes, insurance, and upkeep are often too much for one party to handle alone. Moreover, the profit gained from the sale gives both people a solid foundation for a new start.
Personal Reasons
When one spouse decides to move out, leaving behind lingering memories of good – or bad – times, it often turns a happy home into an unpleasant one. For some, keeping the property isn’t worth it.
Whether your reasons are of financial, personal, or legal nature, we’ve got your back!
Sell your house fast for cash so you can move on.
Get a cash offer for your home within 1 day. No obligation, no pressure.
Three Ways A Home Sale Can Play Out During A Divorce
When both parties agree to sell their home in a divorce, there are three common scenarios for how the actual sale may play out:
Scenario #1
One person will pay the other person's share of the property's equity, known as a house buyout, and keep the marital home. It's common practice for the custodial parent to buy out the noncustodial parent's interest, usually when the divorce is finalized.
Scenario #2
One spouse will keep the house and live in it for a specified period, usually until the youngest child turns 18 and the house can be sold.
Scenario #3
The home is sold immediately, and spouses divide the proceeds – along with other assets – according to the community property law and divorce settlement agreement.
Is It Better To Sell A Home Before Or After A Divorce?
Should you wait for the divorce to be finalized to put the house on the market? Or is it better to get in touch with a realtor before you even put your divorce attorney on speed-dial?
Let’s look at your options.
Selling BEFORE the Divorce
Your divorce attorneys and accountants will advise you to sell your property and split the proceeds before the divorce.
That’s because:
- Spouses get to exclude the property equity income from the capital gains tax, getting a tax write-off of up to $500,000.
- There’s no need to negotiate and agree on an equivalent exchange; divorcing couples can split the money from the sale according to the state family law.
- You get to move on as soon as the divorce is finalized, with substantial funding to start your new life.
Selling AFTER the Divorce
There are instances where selling the house after the divorce can be a better solution for both parties.
Reasons to sell the house after the divorce agreement include:
- The market value of your marital property may rise over time (even though state laws might not allow you to keep all the profit, and you’ll pay a hefty capital gains tax).
- If both spouses are on the mortgage, one party can hold onto the house until they reach a specific equity
- It’s one less thing to stress about; couples can deal with the real estate market and sell the house once everything else is settled.
- You’ll have a place to live until the divorce papers are signed.
The Frustrations Of Selling A Home The "Traditional" Way When Going Through A Divorce
If you want to sell your house the “traditional” way – through a real estate agent – you might encounter some issues, including:
- Recession could have a negative impact on your home’s resale value
- Your house might stay on the market longer than planned
- The house listing might expire before the real estate agent finds any potential buyers
- If the current state of the property is outdated, it might not fit the average buyer’s taste, meaning your real estate agent might suggest updates and renovations
- You may need to do some major – and often costly – repairs before listing it on the market, rather than selling the house as-is
- If both of you moved out, you might have to stage the house to make it more appealing to buyers and decrease your time on the market
- The buyer might decide to back out of a house sale, meaning you’ll have to restart the entire process
We can help you cut out the middleman, avoid all these troubles, and sell your house for cash – which brings us to our next point.
The Frustrations Of Selling A Home The "Traditional" Way When Going Through A Divorce
If you want to sell your house the “traditional” way – through a real estate agent – you might encounter some issues, including:
- Recession could have a negative impact on your home’s resale value
- Your house might stay on the market longer than planned
- The house listing might expire before the real estate agent finds any potential buyers
- If the current state of the property is outdated, it might not fit the average buyer’s taste, meaning your real estate agent might suggest updates and renovations
- You may need to do some major – and often costly – repairs before listing it on the market, rather than selling the house as-is
- If both of you moved out, you might have to stage the house to make it more appealing to buyers and decrease your time on the market
- The buyer might decide to back out of a house sale, meaning you’ll have to restart the entire process
We can help you cut out the middleman, avoid all these troubles, and sell your house for cash – which brings us to our next point.
Why Work With Us When Selling A Home During A Divorce?
Reason #1: We Get The Emotional Aspects Of Going Through A Divorce
We get that your family home has great sentimental value. Deciding not to keep a house during divorce – and one you’re emotionally attached to, no less – is one of the most challenging choices you’ll have to make.
Understandably, you want the selling process to over as quickly as possible – and that’s where our home buying expertise comes to play.
Our team has worked with enough divorcing couples to understand the reasons behind this difficult choice. That’s why we strive to provide personalized services that cater to divorcing couples’ needs and make things easier for you and your spouse.
When we give you an offer, we see it as more than a transaction. It’s our responsibility to approach the situation with compassion, understanding, and integrity.
Let us make the situation a bit less taxing for everyone involved!
Reason #2: We Offer You A Way To Sell Your Home Fast And Hassle-Free
We understand that a real estate transaction – and everything it entails – is probably the last thing you and your soon-to-be-ex-spouse want to deal with at the moment.
What if we told you there’s no need to add more to your plate?
Our business is built on putting the sellers first, offering personalized services, and helping people like you sell their home as quickly as possible.
That’s why we wanted to make the process is as streamlined as can be:
- You get in touch with us and tell us more about the property you want to put up for sale
- We perform a quick analysis of the current real estate market, view and assess your home, and make you an offer
- You get to review the agreement, see if there are any unresolved questions that we’ll be happy to answer, and agree on the price
- We close on a house, take care of the paperwork, and we pay you in cash right away
We want to make things fast and hassle-free for you, which means we’ll buy the property in “as-is” condition – no repairs, remodeling, or refurbishing needed.
Reason #3: We Handle All The Details Of The Home Sale
You might’ve agreed that selling your home is the best way to proceed. But the more shared assets you have, the more complicated the process.
You have to deal with paperwork – and lots of it – the title policy, mortgage, tax payments, and liens. Then, there’s the dreaded moment of having to pack and move.
Each of these things takes time; the emotional upheaval divorce usually brings doesn’t help the case, either.
We get it, and we want to be there for you – every step of the way.
We’ll be happy to take care of the details – no matter how big or small – so that you don’t have to and make the transition easier.
And we’re not asking you to pay us a dime, either!
Reason #4: We Cut Out The Unnecessary Middleman (No Real Estate Agent Involved)
We have nothing against real estate agents, but you need to know that there are alternatives to listing your house. You can sell the home without getting a realtor involved – and with our help, you can do it in no time, too.
Cutting out the middleman ensures that you don’t have to pay for commissions and closing costs that add to the price of selling your property further.
We offer you fair market value for your house, a full cash payment, and a fast closing!
Reason #5: We Give Each Spouse A Chance At A New Beginning
When the proceeds from the sale and other assets are divided, you both get money – and a chance at a new beginning. That’s one of the main reasons why selling a home before the divorce is generally recommended.
We believe that it’s our responsibility to get you to that finish line as fast and as straightforward as possible and give you a fresh start.
And what better way to do so than with cash in hand?
We Can Help With Selling Your House During Divorce
If you’re thinking of selling a house during a divorce as is and you don’t want to deal with the real estate market, give us a call today at (504) 356-8000.
We can guarantee you a fair offer and a quick and straightforward sale – for cash!
Get a Fair, No-Obligation Cash Offer for Your Home
We Can Help With Selling Your House During Divorce
If you’re thinking of selling a house during a divorce as is and you don’t want to deal with the real estate market, give us a call today at (504) 356-8000.
We can guarantee you a fair offer and a quick and straightforward sale – for cash!
