Divorce can be complicated and emotional. Tensions are high and minor issues can get blown out of proportion. Therefore, it’s no wonder that selling your marital estate during the midst of a divorce only adds to the stress of the situation.
If you’re a homeowner in Miami and you need to sell your Florida house during a divorce, you might be worried, thinking:
What should I do next? How do we split our marital home?
Don’t worry! We’ve put this article together to tackle the issue of selling real estate during divorce.
Divorce Can Complicate Selling Real Estate
During a divorce, the two parties seek to split their assets in half.
This is straightforward for liquid assets because:
A liquid asset can easily be converted into cash in a short amount of time. Liquid assets include things like cash, money market instruments, and marketable securities.Investopedia
For other assets, the process is not so simple. For instance, how do you split a house in half? What happens if one party wishes to keep the property? What do you do if you can’t agree on how split the estate fairly? How do you incorporate other assets such as cars, motorbikes, or perhaps a family business?
These are all great questions! So, let’s get started.
How To Split A Real Estate Asset┃The best way to split the real estate asset is to sell it!
Chances are your marital estate has outstanding bills, mortgage payments, and other attached costs and expenses. Perhaps there’s an unpaid bill for recent building work, or a couple of months worth of credit card debt, either way, the simplest way to settle these costs, and the issues mentioned above, is to sell the property and use the proceeds from the sale to cover any outstanding debts.
Your attorney can help handle the finances efficiently. Afterwhich, the remaining amount can then be split between each party.
But, now we have another dillema!
This question isn’t referring to your typical, everyday house selling deal. No. We’re asking, “What’s the BEST way to sell your marital estate during a divorce?”
Maybe you’re thinking:
I could hire a real estate agent, or, I could market the house myself. Perhaps, I should pay a broker to get the property listed online.
These are all viable options. But during a divorce, settling assets and agreeing to the terms each party demand, can take a long time. The last thing you want to face is delays down the line because your agent can’t find an interested buyer.
Plus, a real estate agent will:
- Ask you to fix up the property first. Who covers that?
- List the house. But, it can take 3-6 months to find a buyer. Do you have that much time?
- Involve you and your partner in the negotiations with the buyer and there is A LOT of paperwork to shuffle back and forth.
This is a costly and time-consuming way to sell that can actually make the divorce proceedings much, much worse.
That’s why the BEST way to sell your Florida house during a divorce is the FASTEST way to sell.
The Fastest Way To Sell A Divorce House
For a hassle-free, FAST sale you should sell your house to a real estate buying firm. A real estate buying firm will buy your Florida house quickly, for CASH, in AS-IS condition. Plus, there are no commission fees or hidden costs (which is a bonus). On top of that, neither party will be forced to clean up or fix up the property.
If you’re going through a divorce and just want it to be over and done with, consider reaching out to us at:
You can even give us a call just to find out how it works. We are Professional House Buyers based locally in [marker_city] and have experience helping couples through this tough time.