Why the Traditional Way Can Make Things Difficult
Divorce can be a long and difficult process, and property disputes can only make that worse. If you and your spouse have decided that the best way to go in order to make things easier is to just sell the property, it’s natural that you might automatically lean toward going the conventional route (working with an agent to put the house on the market, then field offers from potential buyers until you find the right one). Though this can be a solid option, especially if your divorce is completely amicable and you’re not under any time constraints whatsoever, it’s important to be realistic about what to expect.
Going the traditional real estate route when selling your house in a divorce means having to work closely with your spouse, ensuring that you’re both in agreement when it comes to:
- Picking an agent
- Deciding on a listing price for the house
- Choosing a title company
- Choosing a buyer
- Accepting an offer
- Making time-sensitive decisions, like what to do if an appraisal comes back lower than your home’s listed price or the buyer asks you to contribute to closing costs.
All in all, selling a house together through the conventional real estate process is both time-consuming and highly collaborative. If you can’t or simply don’t want to add this high-stress process to your divorce proceedings, you’re by no means out of options.
Selling Your House for Cash
The quickest and easiest approach to selling your house in a divorce is to sell it for cash. This allows you to get the entire process over with as quickly as possible (with PlacePitch, this can mean in as little as one business day) without having to agree on every little choice (like agents, title companies, contract terms, and listing prices) with your spouse. When you sell your house for cash, the offer you get is cut-and-dried. There’s no three-month escrow process, no agent commissions, and no back-and-forth negotiations. The most important thing you can do is work with a reliable cash buyer who makes offers that are based on real market numbers, not opinions, in order to make sure you get the best deal possible. Once that’s done, you’re free to move on and move forward with your divorce with one less (major) thing to worry about.