More than 50% of U.S. marriages end in divorce. In Los Angeles, the rate is even higher. If you’re going through this life-changing experience, you may be wondering what happens to the home. Some couples fight over the property, but a growing number are instead selling their house after a divorce and making a clean start.
For most couples, the home is the most valuable joint asset you have. It can’t simply be divided like the finances—unless it’s liquidated. But before you make the decision to sell it off, you need to determine whether it’s the best course of action for your situation.
Selling Your House After Divorce—Is It Right for You?
Oftentimes, a divorce will result in one spouse inheriting the home and buying out the other spouse’s share. In some cases, the two parties may reach an agreement whereby one spouse remains in the home for a specified period of time and then sells it at a specific date. This is particularly common when the couple wants to minimize the disruption to their children’s lives. You have to determine what’s right for your situation.
If you do decide to sell, you want to make the process as easy as possible. During divorce proceedings, you have a lot on your mind. This period is fraught with emotional trauma, legal proceedings, and all the challenges of a major life shift. If you have to sell your home on top of that, that’s just more headaches to add to an already stressful situation.
How to Remove the Stress from Selling Your House After Divorce
The most important thing you can do is work with a neutral third-party professional, whether that happens to be a real estate agent or investment firm. This professional can take care of all the minutiae, from determining the selling price to handling the marketing and buyer interactions.
To make the process go as smoothly as possible:
- Determine a timeline for the sale. When selling your house during a divorce, it’s important to set firm closing and moving dates and put those dates in writing.
- Determine which spouse will oversee the sale. If you don’t have a solid understanding in place from day one, you may have to deal with additional conflict.
- Determine how the money will be divided once the house is sold. Again, you’re going to want this in writing.
By addressing these issues in advance, you can ensure a swift and stress-free home sale.
Selling Your Home to a Real Estate Investment Company After a Divorce
When selling their home, many parting couples choose a traditional home sale with a Realtor. If you decide to do this, know that there are a few distinct disadvantages:
- The process can drag on for 3 to 9 months. This can add additional trauma when both parties just want to move on with their lives.
- The process typically requires some hands-on involvement from both parties. Inspections, open houses, escrow…there’s a lot involved in a traditional home sale, and the realtor can’t handle all of it alone.
- There are a lot of fees that must be subtracted before the money can be divided up: real estate commission fees, inspection fees, escrow fees, closing costs.
This is why more and more couples in Los Angeles are choosing instead to sell to a real estate investor like Get Fair Home Offers. We buy houses in Los Angeles for cash. You can move in as little as 7 to 10 days and divide up the payment as needed. Then you can move on with your lives.
It’s easy, it’s fast, and there are no fees or headaches. We will even take care of the cleaning, the inspections, and the repairs.
If you want to discuss your situation with your divorce and see if we can help you save time, reduce stress, and get out of this situation fast…
Give us a call anytime at (626) 817-3351 or fill out the form on this website today!
We’ll evaluate your house, make you a fair all-cash offer, and you can decide if selling your house to us is the best fit for you. We’re here for you—just reach out and let’s chat.