Selling Your House During a Divorce in Sacramento, CA

Sell House before foreclosure

Going through a divorce can be one of the most difficult times of your life. It is both painful and stressful. In many instances, it is necessary to sell the family home that you and your family occupy. Reasons include the fact it may be impossible for one party to carry the burden of the mortgage alone or the parties may need the money to start over with their new, separate lives.

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 during a divorce in Sacramento

Yet, in the midst of the difficult situation, you might be like other divorcing couples who own a house and are trying to figure out how to go about selling your house while divorcing in Sacramento. Here are our best strategies and ideas to help you navigate the real estate portion of your divorce as carefully and efficiently as possible.

Houses During a Divorce Can Be Complicated

During a divorce, the two parties seek to split their assets in half. For some assets are liquid (such as money), it’s very easy to do. For other assets, including real estate, it’s much harder to do because how do you split a house in half? It’s one asset that derives its value from being whole, and it’s usually a structure built on a plot of land, so it’s not going anywhere.

Since cutting the house down the middle isn’t an option, should one party get the property during the divorce or the other? And maybe in some divorces, one party might be invited to take the house only if they can pay for it (which is a massive expense at a time that people rarely want to incur such expenses).

Here’s How To Split The Real Estate Asset

The best way to split the real estate asset is to sell it:

The property itself might have some expenses incurred during the sales process, or there might be outstanding bills, or there might still be a partial outstanding mortgage on the property. So the two divorcing parties should probably just sell the property and direct their attorneys to apply the money earned from the equity to any outstanding debts.

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 House During a Divorce

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

This is a costly and time-consuming way to sell, and it can actually prolong the divorce and cause additional tension and arguments between the spouses.

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 California Family Homebuyers). 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. In addition, we work on your timetable. Need the money in two weeks? No problem. Want to finish up the kids’ school year? That’s ok too.

If you’re going through divorce and are ready to move on, give us a call and tell us about your home. We specialize in buying homes during a divorce. We want to help you expedite your divorce by buying this house from you. Do not hesitate to contact us today.

 

 

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