Selling Your House While Going Through A Divorce in Indianapolis
If you’re currently in the unsavory position of going through a divorce and need to figure out what to do about your unwanted real estate property, then keep reading this article to give you our honest, best suggestions about selling your home while divorcing in Indianapolis…
Divorce can be both challenging and emotional. Still, in the midst of the difficult situation, you might be like other divorcing couples who own a house and are trying to figure out how to go about selling your house while divorcing in Indianapolis. Here are our best strategies, tips, and ideas to help you navigate the real estate portion of your divorce as carefully and efficiently as possible.
Selling Your House in Divorce Can Be Complicated
During a divorce, the two parties seek to split their assets in down the middle. For some assets that are liquid (such as money), it’s actually very easy to do. For other assets, including real estate, it’s much harder to do because how do you split a house in half?
It’s one asset that derives its value from being whole, and it’s usually a structure built on a plot of land, so it’s not definitely not going anywhere.
Since cutting up your home into equal pieces isn’t an option, should one party get it or the other? And maybe in some divorces, one party might be offered to take the house only if they can pay for it (which is a massive expense at a time that people rarely want to incur such large cash expenses).
The Selling Your Indianapolis House During Divorce Solution
The best way to split the real estate asset is to sell it:
The home itself might have some expenses incurred during the sales process (think agent/broker fees), or there might be outstanding bills, or there might still be a partial outstanding mortgage on the property. So the two parties divorcing should probably just sell the property and direct their attorneys to apply the money earned from the equity to any outstanding debts.
The remaining balance after all debts are paid can then be split between each party, with each party getting an agreed-upon percentage (such as 50/50).
But this begs the question — how do you actually sell the property?
The Fastest Way To Sell A House While Divorcing
When it comes time to sell, most people think of selling through a real estate agent. Unfortunately, there are a few problems with this.
Let’s look at a few…
- the agent will probably make the owners pay out-of-pocket to fix up the house first — but who pays for that?
- then once they list the property, which can take 3-6 months to sell (sometimes longer) — can either party wait that long?
- they will then involve both parties in the negotiation with the buyer and there is A LOT of paperwork to shuffle back and forth
- This is both a costly and time-consuming way to sell, and it can actually make the divorce proceedings much worse.
Fortunately, there’s another way to Sell Your Indianapolis Home During a Divorce! You can sell your house to a local Indianapolis home buying company (that’s what we do here at Home Sprout Properties).
The local Indianapolis home buying company will buy your house quickly, for cash, in as-is condition (and as a bonus, there are never any commissions or fees to pay).
The best part – you don’t have to clean up or fix up the property and the sale can be completed in days, not months, with very little paperwork. If you’re interested you contact us here or check out what others who have worked with us are saying.
To close out…
If you’re going through divorce and want to just be done with it and move on with your life, just reach out to us and tell us about the house you want to sell in Indianapolis. We specialize in buying divorce houses and we can help you expedite your divorce by buying this house from you.