If you own a home in Las Cruces and are currently going through a separation or divorce, the chances are you have some questions about your best options on what to do with your now unwanted house. The problem is that because divorce can be so stressful and emotional, thinking clearly about selling a house is hard to do at the same time.
The best way to prevent you from making an emotional decision and trying to sell your house in a way that will not serve you during your divorce is to take a little time to explore your options. Keep reading for some good advice on what to do if you find yourself in the position of needing to sell your house in Las Cruces during a divorce.
Houses In Divorce Can Be Complicated
Most parties going through a divorce seek to split their assets. This isn’t a big issue when those assets are liquid and relatively easy to divide, but it presents an extra challenge on physical assets, the largest of which for most married couples in Las Cruces is a house. You cannot simply split the house in half, so agreements must be made. In some cases, one party gets the house, and sometimes only for a limited time. In other cases, both parties may want to sell.
Ultimately, until both spouses in the divorce agree on selling the house, no steps can be taken. Having to negotiate on a big asset like the house is very emotional during a divorce. This is what makes it so much more complicated than selling normally.
Here’s How To Split The Real Estate Asset
The best way to split the real estate asset is to sell it:
It’s not that complicated, it just takes consensus: the house has to be sold to split it as an asset during the divorce proceedings. Consider any outstanding bills, mortgage, or other financial obligations and use the proceeds from the sale towards resolving these shared financial issues before splitting any remaining profits.
The remaining amount can then be split between each party, with each party getting an agreed-upon percentage (such as 50/50).
But this begs the question — how do you sell the property?
The Fastest Way To Sell A Divorce House
When it comes time to sell, most people think of selling through a real estate agent. Unfortunately there’s a few problems with this:
- the agent will make the owners pay out-of-pocket to fix up the property first — but who pays for that?
- the agent will then list the house, which can take 3-6 months to sell (sometimes longer) — can either party wait that long?
- the agent will then involve both parties in the negotiation with the buyer and there is A LOT of paperwork to shuffle back and forth
Selling a house during a divorce can be a costly and time-consuming process that can exacerbate an already stressful situation. This traditional method of selling a house involves hiring a real estate agent, cleaning and fixing up the property, and waiting for potential buyers to make offers. Not only can this take several months, but it can also lead to additional legal and financial complications.
Thankfully, there’s a faster and more convenient way to sell your house during a divorce: selling to a real estate buying firm like ours. At Level Cash Home Offers, we specialize in purchasing properties quickly and for cash, regardless of their condition. This means you don’t have to spend time and money fixing up your home or paying any commissions or fees.
By selling your divorce house to us, you can expedite the process and move on with your life as soon as possible. Our team understands the challenges that come with selling a house during a divorce, and we’re here to help you every step of the way. Simply reach out to us, share some details about your property, and we’ll provide you with a fair cash offer in just a few days.