Going through a divorce generally means dividing marital property between you and your spouse. But how do you divide major assets, like real estate? Do you have to sell your house in a divorce?
Some divorcing couples choose to allow one person to keep the house in exchange for the other spouse keeping assets of comparable value. But in many cases, it makes more sense to sell the house and split the proceeds.
If you’re looking for a fast and easy way to sell your home in a divorce, we buy houses in Wichita, KS.
What Happens to a House in a Divorce?
Divorce does not automatically mean that you will need to sell the house you and your spouse share. You might agree to settle the house in any of these ways:
- Sell the house and divide the proceeds.
- One spouse buys out their half of the house from the other party.
- Both spouses co-own the house.
- One spouse keeps the home, while the other keeps other major assets.
If you and your spouse can reach an agreement on your own about property division matters, you may be able to avoid having a judge intervene.
Consider whether one of you can afford the full mortgage payment on your own. If one spouse will have primary custody of the children, it might make sense to keep them in the family home. But if you can’t decide who should keep the home and do not want a judge to decide for you, you might determine that selling it is the best option.
How To Sell a House in a Divorce
If you’ve decided to sell your house in a divorce, you may wonder about the best way to go about this process. How will you settle the mortgage that is currently in both of your names? Will real estate agent commissions and closing fees come out of your divorce settlement?
You may find it easier to sell your house for cash to a reputable buyer like Professional Home Buyers. We buy houses as-is and never charge fees or commissions. We also offer quick closings so you can finalize the sale by the end of your divorce.
Start by submitting your property address on our website. We will make a competitive cash offer within 24 hours. If you accept, you have the freedom to choose any closing date that works for you. We close in as little as seven days.
Don’t worry about making repairs, either. You can focus on your divorce while we take the stress of selling your home off your shoulders. We’ll write you a check for the agreed-upon sale price, and you and your spouse can easily split the home equity proceeds.
Sell Your House in Wichita With Professional Home Buyers
Do you have to sell your house in a divorce? No, but this may be a good idea depending on the circumstances. At Professional Home Buyers, we make it easy.
Contact us today at 316-686-7355 to request your cash offer. Then, learn about preparing a house for a sale. (Hint: We don’t require any preparation!)