Are you faced with selling your house during divorce in California?
Whether your divorce was recent or pending, you should be aware of your options if you have unwanted real estate. You should find plenty of great tips for selling your California home while divorcing in our new guide.
When going through a divorce, it can be hard enough to figure out what to do with an unwanted house. What if an asset is a home on a plot of land? In the event neither party wishes to keep the house, what options do you have? Here are a few tips on how to sell your house while divorcing in California.
House management is complicated after divorce
A couple going through a divorce typically divides their assets equally. Money and other liquid assets, which can be converted into cash, are easy to split, but how about dividing a house? Depending on the situation, there are different options available. Can the individuals come to an agreement – one takes ownership of the house, the other pays off some of the expenses? What would be the best way to split the proceeds if the house was sold? Let’s examine the easiest divorce solution.
Divvying up a real estate asset
The simplest asset to split is a liquid asset, so dividing your home is a good time to liquidate. The right way to sell the property can be a much easier process than maintaining it or – even harder – deciding who gets to keep it (we’ll discuss that next).
Alternatively, both parties could agree to sell the home, and then have their attorneys direct the sale proceeds to pay off any expenses incurred during the sale or an outstanding mortgage on the property. Everyone can then move on with their lives after splitting the remaining funds. However, how do you begin selling your California home during a divorce?
Getting your Divorce House Sold Fastest
Most people think of hiring a real estate agent when they are ready to sell their home. It’s a good method, but it does have a few problems. First of all, who is going to pay for it? Secondly, how long will it take? A split cost would be ideal, but the process can take months. Is it in anyone’s best interests to wait that long? In addition, the agent will charge a commission on the deal, and the recently divorced couple will have to deal with a lot of paperwork.
The costs and time involved make this option expensive and time-consuming. Fortunately, there is an alternative. A real estate buying firm can help you sell your house fast (which is what we do at MCB Homes Inc.). We’ll make you an all-cash offer for your house as-is. There is no need for repairs. There are no commissions. There is no waiting. Nothing to worry about.
Selling your home during a divorce in California can be challenging, but we can make you an offer so you can move forward with your life. We specialize in buying divorce houses, so we know how to get you through the process as quickly as possible with a minimum amount of waiting periods and paperwork.
This guide for selling a house during a divorce applies to all cities in California State including, Lodi, Modesto, Stockton, Sacramento, Turlock, Valley Springs, Salida, and Oakdale.
Need help selling your home while divorcing in California? Fill out the form or call our office at (209) 743-0602 to tell us about your property