How Is a Property Divided in a Divorce?

Divorces are tough. The divorce rate in America hovers around 40% to 50%, and the rates are even higher for second marriages. If you’re going through a divorce right now, a main concern you may have is how a property divided in a divorce?

Most people start thinking about their property after they file to get divorced. The market can be a tricky territory if we don’t know how to navigate it correctly.

If you’re struggling with a divorce and want to know more about dealing with the property, work closely with someone in your area. At SellThatHome, we buy houses all over the country and have been working alongside homeowners who are going through similar circumstances.

Who Will Own the Property Divided in a Divorce?

property divided in a divorce

For the most part, divorces will end up in the sale of the property. Both owners typically will want to keep the home, and this doesn’t work for a variety of reasons. A lot of times, the property will be listed for sale and the owners will split the proceeds. However, this isn’t always a perfect remedy. Selling with real estate agents can take months, and during a stressful time such as a divorce, owners usually want this done as fast as possible.

Consider a Cash Sale

The speed of a cash sale alone can be the deciding factor for many people. As previously mentioned, listing with a Realtor can take months before a sale finalizes, and will cost you in commission fees and closing costs.

Cash buyers offer a much faster turn-around time from offer to close. SellThatHome, for example, can close in as little as one week. We also don’t charge any commission fees and we cover closing costs for you.

We’re also able to purchase homes as-is, which means you don’t have to invest in repairs or upgrades. In some cases, an inspection period isn’t necessary which would quicken up the sale even more. With all of these factors in place, you save a lot of cash out of pocket when choosing a cash sale over traditional.

No Gambling

Selling to a professional cash home buyer is extremely straightforward. We will lay out 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 need to worry about the buyer finding something you didn’t know you failed disclose or something they don’t like about your home or neighborhood either.

No Open Houses or Showings

Cash buyers know the stress of selling – especially during a divorce. We respect your privacy and pride ourselves on our less intrusive buying process. We don’t expect you to keep the property spotless and show it off to strangers. Instead, we only have one contractor visit the home…once. That’s it! The process doesn’t take longer than 15 minutes and they’re only looking for damages to the roof, foundation, flooring, or other big ticket items. No need to clean, and no need to take time out of your day to be present for the contractor. It’s entirely up to you on how you want to handle the sale of your house!

Greater Flexibility

Cash buyers don’t expect to move into your home immediately. You can take as much time as necessary to get all the belongings you need from the home. If you don’t have time to go through everything, we’re happy to work with you in that department as well. If you have belongings you don’t need to keep, put them in a box and label it as “charity.” We’d be happy to go in and donate those for you if you don’t have the time to drop by a Goodwill.

In this tough situation, it’s natural to wonder how is a property divided in a divorce. SellThatHome can help. We’re local homebuyers and we’ll give you a quick and fair cash offer for the property. And don’t worry about it getting complicated since our team handles all of the paperwork!

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