Are you going through a difficult divorce and undecided about what to do with unwanted real estate?….then check out this blog to see our best suggestions on how to sell your property whilst divorcing in Seattle…
Divorce can be stressful and emotional. Yet in the midst of the strenuous situation, you maybe like other couples who are going through a divorce and own a house that you’re not quite sure about how to go about selling in Seattle. Here are our best ideas and approach to help you navigate the real estate portion of your divorce, as carefully and well-organised as possible.
Houses In Divorce Can Be Complicated
The two parties going through a divorce will attempt to divide their assets equally. Assets can be in liquid form (such as money), which is very easy to deal with but other assets like real estate, can prove to be more difficult because how do you split a house in two? A house is an asset that obtains its value from being whole and since cutting it in half is not an option, then should one party get it or the other? In some cases, if they can pay for it, one party is invited to take the house(which is a tremendous expense at a time when people rarely want to incur such expenses.
Here’s How To Split The Real Estate Asset
The best way to go about splitting it is by selling the real estate asset :
By doing this the two divorcing parties can direct their attorneys to apply the money earned from the equity towards any outstanding debts. Outstanding debts such as expenses incurred during the sales process or there could be a partial outstanding mortgage on the property or outstanding bills. Any remaining amount can then be divided between each party receiving a 50/50 percent or an agreed-upon percentage.
But this begs the question — how do you sell my property and sell my house fast?
The Fastest Way To Sell A Divorce House
When that time comes to sell your house, most people think of selling via a real estate agent. Unfortunately, there are a few problems with this:
- One of the first things the agent will make the owners do is pay out-of-pocket to get the property ready for listing—but which party will pay?
- After the property is fixed up, the agent will then list it on the market, which can take 3-6 months to sell or sometimes even longer—but can either wait that long for it to sell?
- Then the agent will involve both parties in the negotiation with the buyer and there will be A LOT of paperwork to shuffle back and forth.
This will prove to be an expensive way to sell and will not sell home fast, which can make it so much worse for the divorce proceedings.
Fortunately, there is another way to sell your house, by selling to a real estate buying company (like us here at I Will Buy House). The real estate buying company, will buy for cash, in as-is condition and will buy your house quickly (and as a bonus, there are no commissions or fees). You also don’t have to get the house prepared to sell, so you are not required to fix or clean up the property and the sale can be completed in days with minimal paperwork.
We are here to help, so if you’re going through a divorce and just want it to be done, so you can move on, just reach out to us. We specialise in buying divorce houses and can help you by buying this house from you which will help expedite your divorce.
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