We all know a significant percentage of Americans have gone through this process. It’s something that without a doubt happens, and it can be very unpleasant. If you’re one person who has experienced divorce or are about to, you can agree with us that adding issues to the anguish and inconvenience is undoubtedly not the way to go. Therefore, you ought to try as hard as you can to split the assets amicably. Let’s talk about a house, for instance. That’s one property that has to go through liquidation before you share it. That means you go to put it on the real estate market and be hopeful that the right buyer comes along.
If you wish to sell your home fast in a divorce, you’ll find out that you have several options. But do you know what’s cooler? Yes! There’s a route you can take that will allow you to sell the property quickly and for cash. It’s an option that lets you expedite the entire unpleasant process and remain with enough money to settle any debt you might be having or pay the attorney’s fees. Before we delve into all that, how about, we take a look at all your other options?
Enlisting the services of a real estate agent
It’s clear to everyone this is the typical route anyone looking to sell usually settles for at first. Many individuals opt to work with a realtor because the professional gets to act as a proxy of sorts. He or she will help you to draft contracts and organize house showings on your behalf. It might seem as a viable option at first glance, but there are a couple of drawbacks that you only get to realize after closing the deal.
The agent will compel you to get an appraiser, and their services come at a cost. Even if that’s no big deal to you, the process will be time-consuming taking into account the realtor has to keep marketing the property for it to gain more exposure. Once they find the right buyer, you’ll have to wait a tad bit longer for them to get financing. A lucky seller who sells fast with this route will do so in as little as three months.
With this option, you get to sell the house at a price that’s relatively lower than the mortgage. You can already see the downside although it’s faster compared to using a realtor.
Before the sale goes down, you have to seek consent from the bank or mortgage firm because they have to be okay with selling a property for an amount that’s less than what you owe them. It will dent your credit score for sure, but not as much as a foreclosure would in the long run.
Sell to a real estate investment company
An example of such a firm is Quest Resources, Inc. If you ask us, we would say this is probably the best option out of all of them. First and foremost, you get to save since no repairs are necessary and the company caters to all the closing costs. Secondly, you get to close the deal in as little as seven days and lastly, you get an all-cash fair offer.
What are you waiting for? Get the balls rolling!