How to Sell Your House Fast During a Divorce
During a divorce, one of the issues that you and your soon-to-be-ex must hash out is what to do with the house. If you are like many other couples, neither of you wants to live in the house after a painful separation. However, the thought of preparing your house to sell only adds stress to your situation. Listing it on the market and hiring a realtor can only delay the sale.
However, there is a solution that can benefit both parties in the divorce: sell your house fast for cash. What does that mean? You sell your house to a local home buyer who pays cash. The buyer pays all closing costs and can close the sale in as little as seven days. You pay no closing costs, and you don't have to deal with paying realtor commissions, renovating the house, or preparing it for showings. It is the simplest and fastest way to handle an otherwise stressful situation.
Can I Sell My House Legally During a Divorce?
The answer is yes, you can sell your house during a divorce. However, before you talk to a local home buyer, you and your spouse must agree on the terms of the sale.
- Selling the home
- Method of selling the home
- Asking price
- Dividing the profits
- Pre-sale responsibilities
If both parties can deal peaceably and reasonably with one another, you can discuss the best options for your situation and act accordingly. Each of you contributed to the purchase of the home, and each wants his or her fair share. Therefore, it is always advisable to agree beforehand, if possible. When the house is sold, the division of assets becomes more comfortable because you are not trying to figure out the future value of the house.
Sell Your House Before or After Divorce: Which is Better?
When selling your house during a divorce, there are several factors you need to consider. For instance, how will the sale affect your kids, what are the legal and tax implications, and how do you feel about staying in your house indefinitely after the divorce is completed?
Selling Your House Before Filing a Divorce
There are several reasons why you may want to sell your house for cash before filing your divorce. First, it keeps you from staying in the house longer than necessary. After the divorce, staying in the house can put an emotional burden on you that you may not want to deal with. Second, selling the house before the divorce may create a cash source that you need for divorce-related expenses.
Another reason to sell the house before going ahead with the divorce is that you may get a tax break. When you sell your house, the government imposes a capital gains tax. However, if you are married, you get a tax break of up to $500,000 that can be applied to the house's sale price. If you wait until you are divorced, you may not get the tax break. As a result, you may pay more in capital gains taxes.
Selling Your House After Filing a Divorce
There are some advantages to selling your house after you file the divorce. First, staying in the house can provide stability for your children during the divorce. Too many changes can be difficult for most children to handle emotionally. Second, selling the house after the divorce can make the divorce process much easier if you and your ex have already worked out an arrangement.
How Do I Sell My House for Cash?
You may be wondering, "How do I sell my house fast?" At Home Buyers Ohio, we make it easy to get out from underneath your property in just three steps:
Step 1: Call Our Local Home BuyersCall us today and schedule a quick walkthrough with one of our house buyers. We can assess your property to decide if we would like to move forward with a purchase. If so, we will make an offer within 24 to 48 hours. Do not worry about preparing or cleaning your property. We buy houses as-is.
Step 2: We Will Make a Fair Cash Offer
If we like what we see, then we will make a cash offer on your house at just below its current market value. We will not try to buy your house at a rock-bottom price. Instead, our buyers can try to create a solution where everyone benefits. As local buyers, we understand the real value of your property in Ohio.
Step 3: We Pay You Cash
If you accept our offer, then you can schedule a close date that is convenient for you. In most cases, we can close in as little as seven days and have cash in your hand in only a few weeks. We pay all closing costs. You pay nothing. Simply walk away from your property with no strings attached.
We Are Local House Buyers in Westlake
At Home Buyers Ohio, our local house buyers live in the area. We understand the economy, the real estate market, and the needs of homeowners. As your neighbors, we will never give you the lowest offer. We make an honest assessment of what the house is worth based on the current local market and then offer a healthy percentage, creating a win-win for everyone.
We work with homeowners in the following areas:
Sell My House Fast in Cleveland, OH
Before you contact the realtor or list your house on the market, do not pass up the chance to sell your house as-is for cash. Home Buyers Ohio is here to help you find the simplest solutions to get cash-in-hand quickly without wasting time and money on repairs and closing costs. To schedule a quick, no-obligation walkthrough with one of our local home buyers, call 440-490-4600.