Tips for Selling Your House in Alvin, Texas During a Divorce

Getting a divorce with your partner is always stressful. It can be devastating to break up a marriage and the financial stress of things can complicate things even more so. One of the most challenging aspects of a divorce is deciding what to do with your shared property. If you’re planning on selling your house in Alvin, Texas during a divorce, we’ve got some tips for you.

4 Tips When Selling Your Alvin, TX Property During A Divorce

1. Remember all the Extra Costs of Homeownership

If one or both of you wants to keep the house, it is important to carefully consider the expenses linked to home ownership, especially if you believe that it would be in the best interest of any children involved to keep the home. If either one of you or both of you have traditionally handled the bills in the past, and the person who didn’t handle the bills is now responsible for maintaining the house, they might be surprised by the extra expenses that come with homeownership. If you are the one responsible for keeping the house, it is crucial to have a comprehensive understanding of all the additional expenses. These costs can surpass your expectations and requirements, especially when there is a decrease in income and one less resident in the home.

2. Don’t Make Your Decision Based On Emotions

Divorce’s can be tough, and it’s totally normal for emotions to get the best of you. Now, if you’re in the midst of deciding whether to sell or keep the property, that’s a whole other thing to consider. When considering the options of keeping, renting, or selling your house, it is important to approach the decision objectively. If emotions are clouding your judgment, it may be beneficial to seek guidance from a neutral third-party advisor, such as a financial planner or real estate agent. They can assist you in asking the right questions and provide unbiased input and advice to help you make an informed choice.

3. Check On All The Legal Ramifications And Who’s Name Is On The Title

In Baytown, Texas, when you sell your home during a divorce there are many issues that you can run into. First, let’s think about who owns the property on paper. If both names are listed on the property, then both parties must agree to the transaction. However, if there is only one owner or if that person bought the land before you got married, then the decision on what to do with the property may be made by just one person. According to Austin Texas Law, In a Texas divorce case, all assets, including money, are divided according to the “community property” laws. The general rule of community property is that all assets acquired during the marriage are considered “community property” and must be divided equally between spouses. It’s essential to understand how the law’s operate in Texas.

4. Make An Informed Decision To Move Forward As Quickly As Possible

If you and your partner are on the same page about selling the house, it’s a good idea to make a move ASAP. It’s best to get the sale done before the divorce process kicks in. When it comes to a standard sale, there’s quite a bit to handle; open houses, home tours, and offers, not to mention the expenses. So, you and your spouse will need to work together to make a decision. Making this tough decision can become even harder when you and your former partner aren’t exactly on good terms.

If your home is outdated and in need of repair or updates, or if the current state of the economy is favorable to the buyer, you should do everything you can to sell the house before your divorce is finalized. You can find more details about selling your home after a divorce in Divorce Magazine.

Understanding Your Options

It’s paramount to understand the different options that are available to you when it comes to selling your house during a divorce. Typically, in the event of a divorce, selling fast to a professional home buyer is your best option. The stress and time consumption of repairs, improvements, cleaning, or landscaping, can take weeks or even months to complete depending on how much needs done. When you work with a professional homebuyer in Alvin, Texas, like Sound Homebuyers, you’re  selling your property in a matter of days or weeks, not months.

It’s important to keep in mind that working with a professional home buyer means you are dealing with an experienced company that knows how to handle the unique situations of divorce and work towards a solution that works for both parties involved. An added bonus is that there are no additional costs involved, so you don’t have to pay any realtor commissions, closing costs, or fees. We can also close fast in as little as 7 days and you get to choose the closing date! At Sound Homebuyers, we make it easy for people getting a divorce to sell their house and move on with their lives without any more disputes. Give us a call or fill out our property information form to get an all cash offer for your property in as little as 24 hours!