If you’re going through a difficult divorce and trying to figure out what to do about your unwanted real estate, then keep reading this blog post to give you our best suggestions about selling your house while divorcing in Florida…
Divorce is a multifaceted and emotionally taxing experience that often necessitates the disposal of a shared property, particularly for couples who possess a domicile in Florida. We understand that such a situation can be quite demanding, which is why we’ve compiled a list of our finest tactics and ideas to assist you in navigating the real estate aspect of your divorce with care and efficiency.
Houses In Divorce Can Be Complicated
Divorce is a complex and emotionally taxing process, wherein the two parties involved strive to divide their assets evenly. This may be a straightforward affair for certain assets, such as liquid funds. However, when it comes to other assets, specifically real estate, it becomes much more challenging to determine an equitable split. After all, how does one split a house in two? The property is a single asset that derives its worth from being an unbroken whole, often comprising a structure erected upon a patch of land that is not easily divisible.
Splitting the house in half is simply not an option, so what is the solution? Should one party be granted the house while the other goes without? In some instances, a spouse may be allowed to take possession of the property provided they can afford it, though the cost of doing so may be prohibitive and represent an expense that many are unwilling to bear during this trying period.
Here’s How To Split The Real Estate Asset
The best way to split the real estate asset is to sell it:
Upon the dissolution of a marriage, the asset distribution process can prove to be particularly complicated. The disbursement of liquid assets, such as money, is a straightforward matter. However, it can be difficult to distribute property, particularly real estate, equitably. A property is a unified asset that derives its value from being whole, and it is typically a structure situated on a piece of land that is not easily divided.
Given that dividing the property into equal parts is not an option, what should be done? In certain divorce cases, one party may be given the option to keep the house if they can afford it, but this is an enormous expense that few people are willing to incur. Therefore, it is generally advisable for the divorcing parties to sell the property, pay off any outstanding debts, and divide the remaining funds between them based on 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
Selling through a real estate agent is the traditional option that most people consider when it comes to selling property. However, this approach presents several problems:
- Firstly, the owners will be expected to pay for the expenses to fix up the property before it can be listed for sale. The issue of who should bear these costs then arises.
- Secondly, the house can take an extended period of time, from 3 to 6 months or more, to sell, and neither party may be willing to wait that long.
- Lastly, the agent will then engage both parties in negotiations with the buyer, which involves a vast amount of paperwork to be shuffled back and forth. This process is both time-consuming and costly and could exacerbate the stress associated with divorce proceedings.
This is a costly and time-consuming way to sell, and it can actually make the divorce proceedings so much worse.
Fortunately, there’s another way to sell and that’s to sell your house to a real estate buying firm (which is what we do here at 123SoldCash). The real estate buying firm will buy your house quickly, for cash, in as-is condition (and as a bonus, there are never any commissions or fees to pay). You don’t have to clean up or fix up the property and the sale can be completed in days, not months, with very little paperwork.
If you’re going through divorce and want to just be done with it and move on with your life, just reach out to us and tell us about the house you want to sell. We specialize in buying divorce houses and we can help you expedite your divorce by buying this house from you.