When going through a divorce, you and your ex-spouse may decide that you no longer want the house. However, going through a divorce and a house sale may be more stressful than you can handle. Also, you may not have the money you need to repair your house, hire a realtor, and pay closing costs. So, what is the fastest and most affordable way to sell your Louisville house during divorce?
The fastest way to sell your house during divorce is to sell it to a company that buys houses. A professional, pre-qualified buyer can look at your house, make a fast cash offer, and close the sale, allowing you to work out your divorce settlement and walk away quickly.
Should I Sell My House in Divorce?
Whether you sell your house during divorce is ultimately up to you and your situation. However, if you are deciding whether to keep your house or sell it, you may want to ask the following questions:
- Can you afford to pay the mortgage and related costs?
- How will staying in the house or relocating affect your children?
- Is it too painful emotionally for you to stay in the house?
- What is the condition of the house – do you foresee major repairs?
- Is there currently a legal dispute over the house?
Keep in mind that if you decide to claim full ownership of the property, you will also assume full liability for the house. Your ex-spouse will no longer be legally responsible for any expenses or other liabilities.
Can I Legally Sell My House During Divorce?
While the divorce laws vary from state to state, there are currently no laws that forbid you from selling your house during divorce proceedings. You should be able to work directly with a company that buys houses regardless of your situation.
However, you need to make sure that you have worked out the details of the sale with your ex-spouse and that all the details are legally binding in your settlement agreement. Also, if the property is in foreclosure, probate, or bankruptcy, you will also need to work with your lender or the courts during your house sale.
How Do I Sell My House Fast During Divorce?
You can sell your house fast during divorce in three easy steps:
Step 1: Find a House-Buying Company
The first step in selling your house for cash is to find a company that buys houses in your area. Contact the buyer to set up a quick walkthrough of the property. There is no obligation to sell, and you can learn more about how a cash sale works.
Step 2: Get a Quick Cash Offer
Once the buyer sees the property, they will likely appraise its market value. If they like the property, they will make an offer based on a percentage of the market value. You can expect an offer within 24 to 48 hours of the walkthrough.
Step 3: Sell Your House and Get Paid
If you accept the offer, simply schedule a closing date with the buyer. You will meet the buyer, sign the paperwork, and the buyer will give you a check. You and your ex-spouse can walk away with no strings attached, allowing you to complete your divorce settlement quickly.
What Are the Benefits of a Home Cash Sale?
When selling your house during a divorce, you may have limited time to find a buyer and close a deal. If you do a traditional sale, it could take several months to sell your house when you consider repairs, finding a buyer, and the closing period. For this reason, there are several benefits to choosing a cash sale.
- You can close a cash sale within seven to 21 days.
- There is no need for repairs, inspections, or home improvements.
- You work with a single pre-qualified, professional buyer.
- Sell your house for cash regardless of your financial or legal situation.
- Skip the real estate agent.
- Pay little to no closing costs.
When you need to sell your house fast during a divorce, and you don’t need the hassle of listing your house on the market, a cash sale can create a win-win for both you and your ex-spouse so that you can move on to the next chapter of your life.
Sell Your House Fast in Louisville with We Buy Real Estate
If you are going through a divorce and need to sell your house during your settlement, contact We Buy Real Estate. Our buyers can make an offer on your house and pay cash. We buy houses as-is! Call 502-458-2722 to get a guaranteed offer in Louisville, KY.