If you’re going through a difficult divorce and trying to figure out what to do about your real estate, then keep reading this blog post to give you our best suggestions about selling your house while divorcing in Fort Worth…
Divorce can be challenging and emotional. Yet, in the midst of the difficult situation, you might be trying to figure out how to go about selling your house while divorcing in Fort Worth. Here are our best strategies and ideas to help you navigate the real estate portion of your divorce as carefully and efficiently as possible.
Houses In Divorce Can Be Complicated
You may need to get an appraisal done as a starting point for negotiations. And we could help you with determining the fair market value and equity of your home or property. We could also make suggestions regarding how to optimize the situation to meet your objectives. Depending on your situation, deciding whether to keep the home or to sell is a process. Even If the divorce is uncontested the decision may be determined by the courts. Texas is a Community Property State. In Tarrant County it is recommended that you have an attorney if possible. But some people do choose to self-litigate. Click here for helpful information on self-litigating in Tarrant County.
Determine If (and when) You’ll Be Selling the Property
When deciding whether to sell or keep the home in divorce here are some things to consider:
- If one spouse wants to keep the home, can they buy out the other person’s share and qualify to refinance independently? Can they afford the payments, taxes and upkeep on their own? (If one person decides to keep the home it will require refinancing through a lender.)
- Does the idea of keeping the home have a positive or negative emotional effect?
- Is the property in need of repairs?
- How will selling or keeping the home affect the children in the family? What steps can be taken to help them?
- Would you want to keep the home for a certain period agreed on by both parties? If so, getting advice from an attorney is recommended.
- Would selling or keeping the home create or alleviate some of the stress?
- Is it a seller’s market or a buyer’s market right now, or in other words, is it a good time to sell?
- Would selling the home allow you to pay off other debt?
Sometimes, one spouse will keep the home, buying out the departing spouse’s share.
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.) The house is sold at a certain date, usually when the children reach a certain age.
Texas Best Homebuyer’s agents understand that every divorce situation is unique, and we truly want to be of service. If you do decide to sell, would selling your house for a fair All-Cash price be of benefit or would putting your house on the market be the best choice? We can provide you with information to help you weigh your option. When you’re under the stress of getting divorced, it can be a relief to know you have an agent who has your best interest in mind.
We’d be happy to give you a quote for what your property would sell for on the MLS and also to list your house for you if that is what makes the most sense for your situation. But know that we also buy houses and would be able to provide you with a quote for what we would be able to offer you in cash. If you sell to us directly the sale would happen quickly (or whenever it is convenient for you) on your terms and with no commission fees or closing costs. Whichever way you decide is best for you we aim to relieve the stress of going through a divorce by making things as easy as possible for you.
Give us a call today! (817)808-4911