With over 50% of American marriages ending in divorce and counting, many Dallas Texas residents are looking for advice on ways to sell your home during a divorce.
A home is one of the most valuable assets anyone can own, and obviously cannot be divided without first liquidating or litigating through the family courts. While a divorce is one of the most stressful and emotionally charged life events, it’s important to remain rational to prevent the situation from getting any more stressful than it already is which is sometimes out of your control. There are several factors to consider when facing a divorce involving real estate.
Determine if (and when) You Will Be Selling Your Home During A Divorce in Dallas
In many divorce cases, one spouse will keep the home by buying out the departing spouse’s share via a cash-out-refinance, borrowing from their 401k, or via other measures.
In many cases, agreements are made where one spouse uses the house for a set period of time (usually when children are involved), and then sell at a future date when it’s more convenient.Â
In any case, it’s important to have a written agreement between the spouses and/or the courts on when exactly the house will need to be sold, either now or at a set date in the future so that way you can execute on the proper plan that will ensure your house is sold within the allotted time frame.Â
Get Professional Help – Agents and Real Estate Investment Companies Can Help
Selling your home during a divorce makes this even more challenging and sometimes people are looking for the quickest way out.Â
During a divorce, you have a lot going on and a lot to consider. You shouldn’t take on the task of selling your home yourself. You could end up having disagreements with your spouse about the selling price or many other issues. By working with a real estate professional, either a reputable real estate agent or a real estate investment firm, you’ll both have a neutral third party to help you handle the marketing of your home and can help you determine a fair selling price.
If you need to sell your Dallas house fast, reputable local real estate investment firms like North Texas Cash For Homes may be a great option. Â Firms like ours actually BUY HOUSES (rather than listing them as 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 might be your best bet since you’ll likely walk away with the most cash in your pocket at the end of the day.
But, if you can’t wait for the 2 to 6 months it sometimes takes to sell a house in this North Texas market, give us a call to see what we can offer you for your house during the divorce.
If you really are on the fence about listing with a real estate agent vs selling to a local home buyer, read our blog here that breaks down the pros and cons of both.Â
Set (and stick to) a Timeline
It’s important to keep a timeline when selling your home during a divorce in Dallas.
You should always put your home up for sale well in advance of the date you actually need it sold. Set firm closing dates, moving dates, and times, and coordinate which spouse will be handling the sale (or primarily talking to the real estate agent). Make sure that each of these agreements is in writing, and negotiate penalties for breaching the agreements (alongside your attorneys, of course!).
This helps ensure a smooth, surprise-free home sale with little to no bumps in the road.
Selling Your House 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 local real estate investment company like North Texas Cash For Homes.
Reputable local real estate investors like us purchase houses quickly, without any hassle, and the process can often take as little as seven days if needed, although we don’t have to close that fast if you don’t need us to.
Deciding how to sell a house in Dallas that is co-owned by a soon-to-be ex-spouse in North Texas doesn’t have to be as stressful as the actual divorce itself.
By utilizing the services of a local reputable real estate agent or simply by jointly deciding to sell your house to a real estate investment firm like North Texas Cash For Homes and moving the process as quickly as needed according to an agreed-upon schedule, all parties can walk away from the sale without any stress.
If you want to discuss what it would look like if we were to buy your home from you, help you save time, reduce stress, and get out of this situation fast.
Give us a call anytime at 214-761-3150 or
fill out the form on this website today! >>
We’ll evaluate your house, make you a fair all-cash offer, and you can decide if selling your house to us is the best fit for you. We’re here for you, just reach out and let’s chat.