If you’re selling a house during a divorce, you may already have keen insight into the difficulties. At My Tennessee Home Solution, we buy houses in Old Hickory, TN, and offer homeowners fast and easy solutions for overcoming unique selling obstacles. We often discuss the following solutions with couples selling a home during separation.
The Unique Challenges of Selling an Old Hickory Home During Divorce
When selling a house, divorce makes the process more difficult. If both people maintain ownership, you’ll deal with dividing assets after the house sale.
Even during amicable separation, agreeing on the listing price, real estate agent, and other decisions feels overwhelming and slows the process. With the emotional strain and rapid changes, you may find making a rational decision difficult.
Working with a real estate agent during divorce in Old Hickory can also reduce or eliminate profits. Even friendly divorces cost a significant amount of money. You need a solution that won’t risk adding to the financial strain.
Three Steps for an Efficient Home Sale Amid Divorce Proceedings
How can you make a divorce home sale in Tennessee less complicated? Take the following three steps.
1. Establish Who Legally Owns the Home
When selling a house during a divorce, start by establishing who legally owns the property. If one party bought it before the marriage, they’re technically the sole owner. In other situations, the law uses more nuance to navigate the issue.
If you purchased the house after the marriage, they’ll likely consider it joint property. One person could “buy out” the other, but the easiest solution involves evenly splitting the profits (or losses) after the sale.
2. Each Party Should Consult Their Attorneys
No matter how you choose to sell the home, each party should consult their attorneys. Real estate agents and cash buyers aren’t experts in divorce law, so they can’t reliably advise you about ownership specifics. The lawyers should inform the process and reduce the likelihood of disagreements or complications.
3. Choose the Method for Selling the Old Hickory Home
Choose from one of two reliable ways of selling your home. Using a real estate agent is one solution.
However, this requires significant expenses like closing costs and commissions. If you don’t have ample equity, both parties may lose money.
Instead, consider selling to a cash home buying company. Avoid predatory buyers who only care about profit. Instead, look for a reputable company that treats you more like a partner.
Scrutinize the company’s reputation and ensure they have your best interest in mind. Prioritize one that makes fair cash offers and accommodates fast closing times. They should buy the house as-is and handle all the expenses.
Contact My Tennessee Home Solution for a Fast and Fair Sale
When selling a house during a divorce, My Tennessee Home Solution provides the most hassle free and efficient solution. Whether you’re selling before or after the divorce is final, you can close in seven days. We give you the best chance of making what can be a difficult process seamless and profitable.
To obtain an offer in 24 hours, call (615) 933-5431.