Based on reporting at FindLaw.com, Texas couples filing for divorce can expect to spend an average of $16,500 on legal services. With children, the average cost of divorce skyrockets to $23,500 per couple. Spouses considering divorce may look at these figures and wonder if it’s a financially feasible decision; you either stand to drain your savings account or face crippling debt.
There is an easier way to finalize your divorce without spending thousands, and it comes down to one of a couple’s most valuable shared assets: their home. Divorce is a troubling time, and it’s easy for couples to overlook the sale of their home amidst the whirlwind of emotions. By then, it’s typically too late to sell a house on the traditional market in a timely manner without complications.
It’s a topic most couples won’t consider, but, with over 50% of American marriages ending in divorce, this information is especially relevant to your situation. More and more, joint homeowners are looking for advice on selling their home fast during divorce, and a cash home sale is one great solution.
If you’re joint homeowners filing for divorce who’ve not started the home sale process, you’re not out of options just yet.
Learn More about How to Sell a House for Cash During Divorce with a Fast Cash Home Sale. You Can Finally Liquidate and Split the Proceeds Within 1 week!
Determine If (And When) You Will Be Selling the House
In many divorce agreements, one spouse will keep the home and buy out the departing spouse’s share.
In other agreements, one spouse is granted designated use of the house for a set period of time until the home is eventually sold. Typically, this sort of settlement is reserved for households with children, and the home is usually sold when the children reach a certain age detailed in the agreement.
When you need to sell a house for cash during a divorce, it’s good to have a timeline that keeps the process on track.
You should list your home for sale in advance. Set firm closing dates, moving dates, and times, and coordinate which spouse will be handling the sale (or talking to the real estate agent). Make sure that each of these agreements is in writing, and negotiate penalties for breaching these agreements. This will help ensure a smooth, surprise-free home sale.
In most cases, the earlier a couple decides to sell their home, the better. While you don’t stand to make more than your home’s value by listing early, you do stand to miss out on your home’s full value when you delay the sale process. Although making the decision to sell a shared or family home can be painful, a proactive decision is advantageous for both parties, regardless of personal feelings.
If you’re a couple who has waited to sell your home, however, it may feel like there is nowhere left to turn. Hefty legal fees, the idea of listing your home with an agent, completing the sale process, and paying even more in commission; it can all be overwhelming. But solutions do exist for homeowners who need to sell a house for cash during divorce!
Keep reading to learn more about which methods divorcing spouses use to sell their homes, and which option is best for you based on your status in the divorce process.
Get Professional Help — Agents vs. Direct Home Buyers
Selling a home is challenging, even under normal circumstances. During a divorce, you have a lot going on, much to consider, and you shouldn’t take on the task of selling your home yourself. Generally, it’s best to avoid any situations that could lead to further disagreements with your spouse about selling price, closing dates, and other issues.
When you work with reputable real estate professionals, you’ll have access to a neutral third party that can estimate your home’s value and help with marketing efforts. Working with a real estate agent is one way to alleviate additional friction in the divorce process, and realtors are well-versed in helping couples reach an amicable home sale agreement.
Traditional agents aren’t without their downsides, however. With a sale on the MLS, your closing date isn’t guaranteed, and you could spend longer than anticipated waiting for the right buyer to make an offer. Despite record-high demand over the last 18 months, experts predict that the housing market is indeed stabilizing, which means that selling your house fast on the MLS may not be as easy as it was 11 months ago.
For couples filing for divorce, you don’t have the time to wait for a real estate agent to work their magic. You need to sell a house for cash, fast, and there are companies that cater to these situations…
Selling Your House Fast for a Fair All-Cash Price
One option that many divorcing couples have turned to in recent years is a quick sale with direct home buyers like Texas Home Buyers Group. By selling jointly to a real estate investment firm like Texas Home Buyers Group, all parties can walk away from the sale without any stress.
If you need to sell a house for cash during a divorce, local direct cash home buyers like Texas Home Buyers Group are a great option! Unlike traditional real estate agents who simply list your home on the MLS, we actually BUY HOUSES DIRECTLY—so you don’t have to wait to find a buyer. We pay cash, and we can close in as little as 1 week.
If you’re going through a divorce, you need a quick way to sell your home for cash. Chat with us and discover how we can buy your house for cash during a divorce. We’ll provide judgment-free service that’s focused on helping our clients first.