Getting a divorce is difficult enough on its own but having to sell a house during the divorce process adds to the pain and stress when a marriage ends. If you need to sell your house, there are many things you need to consider including how your partner feels about the sale, and what it will mean for you and any children moving forward. There are emotional attachments that will need to be severed as well as the financial attachment to the home, and depending on how long you lived in your house there may be overwhelming tasks associated with selling that you may hope to avoid.
In Texas, a divorce cannot be finalized until at least 60 days after the divorce petition has been filed. If you and your partner are not in agreement on how assets are split, child custody is handled, or the sale of property such as your house takes place, then you can be stuck in the legal system for six months to a year or more. Handling a large asset like your house sale as soon as possible can help you avoid dragging your emotions and your finances out until the dissolution of union is finalized.
One of the biggest real estate challenges that people going through a divorce face is finding a neutral realtor. It’s likely that you aren’t on great terms with your spouse or you wouldn’t be divorcing in the first place. Finding someone you both think will do the best job for you can be a real struggle, but once achieved you can at least get your house on the market.
Even a neutral realtor can only do what the market will bear in terms of house sale and sometimes sales can take three months or more to be finalized. Additional considerations evolve when one party is still in the home and has to open up their life, which is already strained, to potential buyers and realtors going through the house. It can be a very disruptive process to work with a realtor during a collapsed marriage situation.
One solution that may be feasible is to buy out your share of the house from your soon to be ex-spouse. This is a good solution when there are children in the home and the financial situation of the parent having the majority of child custody can afford to remain in the home. If both parties are cordial, the house can be an asset that values out against other real property so that a settlement can be made and the ownership of the home can remain with one party.
However, many couples just want to liquidate assets and opt to sell the house as fast as possible. The problem arises when mortgages aren’t fully paid on a house. Refinancing will have to be placed in one individual party’s name and the division of the debt in the divorce decree can make it impossible to keep the home when one party has not been a regular earner in the relationship.
Reputable real estate solution companies like Texas Ideal Properties can be the optimal solution in situations where keeping the house in the family isn’t feasible and working with a realtor is impossible due to time constraints or volatile feelings. Our impartial professional staff is ready to set up an appointment to look at your home and offer a cash solution that can help you avoid lengthy arguments over selling your house. We offer fast, effective solutions to help make selling your house when getting a divorce easier.
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