If a recent or pending divorce has left you with unwanted real estate, it’s important to know you’re your options are. Our new guide should give you plenty of great tips for selling your home while divorcing in Stockton.
Going through a divorce is hard enough as it is, but figuring out what to do with an unwanted home can make things even more complicated. How do split an asset if it’s a home on a plot of land? What options do you have if neither party wants to keep the house? We hope this guide offers some useful insights into the process of selling your home while divorcing in Stockton.
Selling Your House While Divorcing in Stockton
Divorce Complicates House Management
When two people are going through a divorce, they typically split their assets down the middle. That’s easy enough for liquid assets, like money or other claims that can be easily converted into cash, but how do you split a house? There are a few options here, and different situations will benefit from different responses. For instance, should both individuals come to a compromise – one takes ownership of the house while the other helps pay off some of the expenses? Should the entire home be sold and the proceeds split 50/50? Let’s take a look at the easiest solution for most divorcing couples.
Splitting a Real Estate Asset
Just like I mentioned above, the easiest asset to split is a liquid asset, so when it comes to dividing your home, liquifying it is an ideal option. Instead of figuring out how to maintain the house or – even more difficult – deciding who gets to keep it, selling the property can be a relatively easy process if you do it the right way (we’ll cover that in the next tip).
Both parties can agree to sell the home and then have their attorneys direct the money earned through the sale to pay off any expenses incurred during the selling process or an outstanding mortgage on the property. The remaining funds can then be split between each party, and everyone can move on with their lives. But what’s the best way to begin selling your home while divorcing in Stockton?
The Fastest Way to Sell a Divorce House
Whenever people get ready to sell a home, the first option that comes to mind is hiring a real estate agent. That method can work well, but there are a few problems with it. First, who’s going to pay for it? Second, how long will it take? Ideally, both parties split the cost in two, but homes can take months to sell. Is it in either party’s best interest to wait that long? More than that, the agent will charge a commission on the deal, and there’s going to be a lot of paperwork involved for the recently divorced couple.
All of this adds up, making this option a costly and time-consuming way to sell. Thankfully, there’s an alternative. You can sell your house fast by working with a real estate buying firm (which is what we do at MCB Homes Inc.). We’ll get you an all-cash offer for your house in as-is condition. No repairs. No commissions. No waiting. No stress.
If you’re ready to move on with your life, just reach out so we can make you an offer. We specialize in buying divorce houses, so we know how to get you through this process as quickly as possible with minimum waiting periods and minimum paperwork.
Need help selling your home while divorcing in Stockton? Fill out the form or call our office at (209) 743-0602 to tell us about your property