Divorces are difficult but unfortunately, it’s apart of life and we have to overcome it. So what happens to your property after divorce in Stafford TX?
According to the National Center for Health Statistics around 40-50 percent of marriages ended in divorce last year, and the rate is even higher for subsequent marriages.
If you are going through a divorce right now, you are probably wondering what happens to your Stafford property after the divorce.
Who Keeps The Property?
This is something you and your prospective ex-partner should choose. One of you, or neither of you, will have ownership of the property.
Most divorces will require the sale of the property in light of the fact that both parties want to keep it.
Ordinarily, the couple chooses to list the property and split the returns. Now and again, notwithstanding, the sale process drags on, especially if the property doesn’t receive many offers after being listed with an agent.
Selling directly to Sell Your Homes Houston may spare you some time, and migraines in the short and long term.
Why Sell Direct?
Its easy professional home buyers in Stafford, TX typically close faster than traditional home buyers.
Traditional home purchases usually require qualifications from banks, mortgage underwriting time, property inspection time and the buyer may not end up qualifying in the end.
When you sell property through traditional real estate agents, the usual commission is 3% per side, so if you sell your home for $300,000, you would have to pay $18,000 in commissions alone!
That’s a lot of your profits going towards paying commissions.
Purchasing Homes As-Is
Professional home buyers in Stafford will usually purchase homes as-is. As a seller, this means you do not have to worry about repairs before closing or any other additional expenses you were not planning on.
There are some companies that do not require inspections which makes it a truly as-is transaction.
Lower Risk Transactions
Selling to a professional home buyer is extremely straight forward. They will layout every step of the process and usually have shortened, very clear contracts that are simple as-is purchase agreements.
You will also have lessened exposure to legal risks. You won’t have to worry about the buyer finding something you didn’t know you didn’t disclose or something they don’t like about the home or the neighborhood.
Many traditional buyers tend to use a lot of contingencies in their contracts. Which can slow down the selling process and sometimes stop it altogether.
Related article on all you need to know about contingencies
Under most traditional real estate contracts, there is a potential for the buyer to sue you if they feel they didn’t get all of the information, or if they feel the facts were misconstrued. Professional home buyers already know the state of the property, and they are willing to take on that risk.
When you decide to use a professional home buyer in Stafford, TX, you will not have to worry about going through a roller coaster of emotions.
There are no frustrating, middle-of-dinner phone calls asking if you are available to show your home. You don’t have to worry about leaving your home spotless every day before heading to work, just in case there is a showing while you’re gone.
You don’t have to worry about possibly running into a buyer’s agent or their clients or dealing with them asking you questions that you really shouldn’t answer anyway.
You also don’t have to worry about buyers arguing with you over which furniture you are taking and what you are leaving.
Move Out Time
Professional home buyers are in it for the investment. They are not expecting to move into the home on the day of closing.
Most home buyers will allow a move-out timeframe after closing to allow you to relocate at your own pace.
This is extremely helpful, especially with such quick closing timeframes. Also, you may not even have to clean the home when you leave.
You can simply pack your personal items and furniture you want to keep and leave the rest.
Going through a divorce is never going to be easy regardless of the situation. Its always going to be difficult when there is property involved and who gets to keep the lion share of it.
For most divorces the property is sold and the proceed is split between the parties. If you have your home listed with a realtor and its taking a long time to sell. Try selling directly to an investor to save time and headaches.