Selling Your Land/Home During a Divorce in Houston
January 9, 2020
By Todd
If you’re wondering about the ins and outs of selling your property during a divorce in Houston TX… we’ll dive into the steps and things to look out for in this article.
With over 50% of American marriages ending in divorce, many Houston TX residents are looking or advice for selling property during a divorce.
A home is one of the most valuable joint assets, and obviously cannot be divided without first liquidating. Land also cannot be divided without first liquidating. While a divorce is one of the most stressful and emotionally charged life events, it’s important to remain rational. There are several factors to consider when facing a divorce in a real estate market.
Determine if (and when) You Will Be Selling Your Home During Your Divorce in Houston
In many divorce cases, one spouse will keep the home, buying out the departing spouse’s share. Vacant land, on the other hand, is usually sold outright.
In many cases, agreements are made where one spouse uses the house for a set period of time (this is usually used when there are children in the home), and then sold at a certain date (usually when the children reach a certain age).
Get Professional Help – Agents and Home Buyers / Investors
Selling a home is a difficult process when everything is going right.
During a divorce, you have a lot going on, and a lot to consider. You shouldn’t take on the task of selling you home yourself. You may have disagreements with your spouse about selling price or other issues. By working with a real estate professional… either a reputable agent or real estate investment firm, you’ll both have a neutral third party who can help you determine a fair selling price and handle the marketing of your home.
If you need to sell your Houston house fast… reputable local real estate investment firms like Rocket Park Properties may be a great option. The same is true when selling vacant land. Firms like ours actually BUY HOUSES AND LAND (rather than listing them like agents do)… and we pay cash and can close quickly if you need to sell this house fast.
If you can wait the time it’ll take to list it with an agent and sell it on the open market, going with a real estate agent is your best bet.
But if you can’t wait the 3-9 months it sometimes takes to sell your property in this market in Houston property during a divorce to keep a timeline.
You should put your property for sale in advance. Set firm closing dates, moving dates and times, and coordinate which spouse will be handling the sale (or talking to the real estate agent). Make sure that each of these agreements are in writing, and negotiate penalties for breaching the agreements.
This helps ensure a smooth, surprise free home sale.
Selling Your Property Fast For A Fair All-Cash Price
One option that many divorcing couples have turned to in recent years is making a quick sale to a real estate investor like Rocket Park Properties.
Reputable local real estate investors like us, purchase properties quickly and without stress, and the process can often take as little as seven days.
Deciding how to sell a marital property in Houston doesn’t have to be as stressful as the divorce itself.
By protecting each party with a qualified real estate agent or simply jointly deciding to sell and selling fast to a real estate investment firm like Rocket Park Properties, and moving the process as quickly and according to an agreed upon schedule, all parties can walk away from the sale without stress.
If you want to discuss your situation with your divorce and see if we can help you save time, reduce stress, and get out of this situation fast…