Divorce always leaves people feeling raw, and the added stress of having to sell a house shortly after divorce proceedings have ended can be taxing on even the strongest person. Many men and women who have gone through a divorce want to be rid of the house that no longer feels like a home as soon as possible. Others have no choice but to sell to help recover from considerable financial difficulties and avoid foreclosure. Fortunately, you have some options when it comes to what to do with a house that you no longer wish to live in.
Turn Your House into a Rental Property
If you aren’t strapped for cash, you may want to consider turning your vacant house into a leased house. By having a tenant take up residence in your old family home, you can turn the reminder of your past relationship into a moneymaker. Of course, you do have to follow local regulations and licensing to become a landlord and not all tenants are golden eggs either.
Contracts, lease agreements, having to maintain the property for your tenants and factors like insurance and potential damage to the interior and exterior if you get bad tenants can all be potential turn offs to this option. However, if you are the business savvy type and have another place to live, turning your divorce house into a rental may be a viable option.
Sell Traditionally By Working with a Realtor
While working with a realtor can end up getting you the market value of your home, it also means paying fees to the realtor, closing fees and any potential repairs that a new homeowner puts into the buyer agreement. You will also have to list your home for a month or more, and be at the whim of the buyer as far as when you have to move out and move on.
If you have children, selling the house in this drawn out manner can sometimes be even more traumatic. If you have pets, the open houses and showings can be disruptive to routines too. You also have to keep your house in tip top shape so that potential buyers see a clean home they could live in, and many people who have just gone through divorce don’t have the energy to do this.
Consider Selling All Cash Fast
A third option is to sell your house fast for cash. All cash sales will put money in your pocket right away so you can begin building a new life. Many divorcees choose this option because it is quick, they get a good value for their property and they don’t have to worry about closing fees and back and forth between realtors. A quick cash sale also enables you to disrupt routine and lifestyle as little as possible and gives you money that you can use to pay off your mortgage or invest in a new apartment, condo, home or property where you will feel comfortable and not have the emotional tie and memories to your past experience with your former spouse. It will also set you up with a nest egg for your future financial needs.
We Buy Houses after Divorce
Selling your house after a divorce doesn’t have to be an additional stressor for you or your family. If you’ve received your house in the divorce settlement and want to avoid additional stress, just give us a call at 713-481-1869. We buy houses after divorce and can pay you cash so you can move forward. If you aren’t a big phone person, feel free to fill out the contact form and we will get back to you quickly to help you find the best financial solution for your house affairs.