No one imagines on their wedding day that they won’t get their “happily ever after.” But unfortunately, around 39% of marriages in the U.S. will end in divorce, according to Business Insider.
The emotional fallout of your separation may be more than enough to deal with. However, there are also logistical and legal aspects that need to be worked out in order for you to gain control and move forward with the next chapter of your life. If you and your ex purchased property together, you’ll need to make some decisions about how you’ll proceed and where you’ll live after your divorce is finalized.
If you and your former partner have determined that the best thing to do is sell your house, you may be wondering the best (and fastest) way to go about it. Ultimately, you won’t want to drag out this process for any longer than necessary. But since the average timeline for home sales is more than two months, even under ideal conditions, you may assume you’ll have to wait until the right house buyers come along. And if your current home is in need of major repairs, that could delay things even more. Legal matters can also complicate things, slowing down the selling process.
So how do you sell your house quickly after a divorce? Working with home investors is often the most viable option.
How to Sell Your House to Home Investors After a Divorce
There are a number of ways to determine what happens to a property when the owners divorce. In some cases, one partner may buy out the other so one person can stay in the home. But if you and your ex have determined that this isn’t financially feasible for either of you — or you both would like to get a fresh start in a house that isn’t filled with memories — you may decide to sell your house instead.
Selling a home with help from a real estate agent can take several months, particularly if there are a lot of upgrades that need to be made in order to appeal to today’s buyers. Even if your home is already in ready-to-sell condition, staging the property and offering open houses takes a lot of time and effort. All of this can add up to major delays. And when you’re trying to move on with your life, your home can be a painful reminder and a burden.
But contrary to popular belief, you don’t necessarily have to work with a realtor. In fact, doing so can be to your detriment in a number of situations. If your main goal is to sell your home quickly, you’ll want to contact a home investor instead.
Unlike real estate agents, home investors will purchase your house themselves. They pay cash for homes in virtually any condition, meaning that you won’t have to waste time fixing up a property that you plan to sell. You’ll also receive a fair offer for your home within a matter of days (or hours, in some cases). You’ll have total control over the closing process and will be able to walk away with cash in-hand in record time. That’s simply an experience you won’t get when listing your home on the real estate market.
Most divorced couples who jointly owned a home together will split the profits evenly upon selling. If you work with a realtor, it could be months before either you or your ex sees a dime. On top of that, you’ll have to pay out a commission fee to the agent. And while the home selling process can be exciting under normal circumstances, going through a drawn-out home sale can be emotionally devastating when you’ve already experienced a divorce. For many people in this situation, a quick home sale can minimize stress and emotional anguish.
In many cases, working with a home investor can take the pain out of selling a home after a divorce. Instead of having months to fixate on what went wrong and having to communicate updates to your ex, you can get everything settled on your time table and ensure you both receive a fair share of the cash profits.
If you’ve recently gone through a divorce and are looking to sell your house as quickly and painlessly as possible, consider working with home investors in the Philadelphia area. At Problem Property Pals, our goal is to quickly provide you with financial and emotional freedom at a fair price. For more information, please contact us today.