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.
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.
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. This is why 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.
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?
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.
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.
When you go the traditional route for selling your house, the process can be complicated. You must meet with a realtor multiple times, list your house on the market through various platforms, and find creative ways to make your house more attractive. Plus, there are no guarantees if or when you’ll find a qualified buyer. Our process of buying your house is fast and easy.
Feel free to call one of our local buyers to schedule a quick house visit. We can answer your questions, discuss your options, and do a quick run-through of the property. Don’t worry about making any preparations. We are happy to view your house as-is.
If we like what we see, then we’ll make an offer on your house without delay. We typically make offers at just under the house’s value. Our cash offers are fair and consistent with no changes once the proposal is submitted.
If you accept our offer, then schedule a close date that is convenient for you. We show up and sign the paperwork, pay all the closing costs, and seal the deal. We can pay you cash for your house in as little as seven days from closing.
At KC Real Estate Buyers, we buy houses for cash. We pay all closing costs and do not charge any fees. Our company buys property as-is and puts cash in your hands in as little as 30 days. Call one of our local cash home buyers today at 816-895-2999 and schedule a quick walkthrough with one of our house buyers in Kansas City, Missouri.