how to keep your house in a divorce
Divorce is increasingly common in the United States just the same as hookups and the temporary nature of all sorts of relationships. Even though breakups seem inevitable these days, the law has adjusted to the reality and there is an increasing chance of getting more of what you want out of the deal. One area of complaint is how to keep your house in a divorce, since someone has to move out. With the right deal, that person could be your spouse.
Fighting over the house depends on the fact a family only has one. Some higher-income families have multiple homes. The second or third home could be a cabin in the country or else a property bought as an investment commodity. Some families still see sense in buying property in appreciating markets. Even if there are multiple properties to split, both will likely fight over the primary home because of its role in social identity.
Most states require that divorcing couples split their assets equally. The law does vary according to state, and it is important to know the law. The person initiating the divorce might have the advantage because they can consult an attorney for weeks or months prior to filing the proceeding. Depending on how flexible divorce laws are, the wife might end up with the spouse if she is granted charge of the children as well.
If the other spouse suspects there might be trouble, it pays to contact an attorney and have a defense plan waiting in the wing. Since laws vary by state, it pays to know what personal right are and what the tendency of courts tend to be. Sometimes the results depend entirely on what court is selected. Getting to this point early allows the defending spouse to have more control in selecting the court and therefore the probable outcome.
Many courts allow the wife to keep custody of children because she is deemed the most capable of caring for them. If children are accustomed to living in a home, then the court might also grant ownership of the house to the mother so the children experience less disruption to their lives. To that end, obtaining a favorable ruling overall might be critical to keeping the house.
If home ownership is important, then it is essential to stipulate this detail in writing at the earliest date possible. For most couples, this would be the prenuptial agreement. These contracts are becoming popular because divorce courts tend to have variable rulings. It is the easiest way to ensure the house falls into your hands, but another price must be paid to compensate. The other partner might take savings, stock, and bonds.
A major problem for younger couples is that the bank owns the house. Little equity might be paid into it and therefore the house cannot be reasonably split. Whoever owns the house must pay the partner a good amount of money for their share of equity which might mean going further into debt. Whoever controls a house might need a great source of revenue. Otherwise, the house will need to be sold and both partners enter into an apartment.
The Benefit of selling divorce Property to Real Estate Investor
You are facing a divorce, or it is already final. You have much on your mind, and one example is your house. There are a number of reasons to consider the benefit of selling divorce property to real estate investor.
When we buy your home, we will buy it as-is. You will not need to make any costly, time-consuming repairs. You do not have to be concerned about the condition of your home, even if it is in poor condition. As some repairs can be quite expensive, you will not need to invest money in repairs when you want to sell your home.
A Fast Sale
If you list your home for sale, it can take months or more to find a buyer. This is not the case when you sell to a real estate investor. The entire process of sale can be completed and closed within days.
Avoid Extra Fees
There are plenty of extra fees connected to listing a home with a real estate agent. Some of these fees may not even be clear until you notice how much you have been charged. None of these unexpected fees apply when you sell to a real estate investor.
One reason for selling your home is you need the money. You do not want to wait months or longer to benefit from the sale. Selling to an investor means cash in your hands when we buy your house.
After a divorce, you want to move on with your life. You do not want property you shared with your spouse to keep you tied together for a long period of time. If you owned the home together, dealing with real estate agents would almost seem as if you were a couple again.
The benefit of selling divorce property to real estate investor includes the opportunity to leave the past behind and move ahead. You can live your life without unnecessary reminders of your marriage and the home you shared. While this is especially important if you went through a bitter divorce, it is useful even if your Florida divorce was amicable.
The Best Option
When you want to sell property, you have options. You can have your home listed with a real estate agent, or you can try to sell it yourself. If you try either of these options, you may start to wonder if it is worth the effort. It is time-consuming, expensive, and stressful.
Selling to a real estate investor is a much different experience. You will surely decide it is a better experience, too. When you want to eliminate unnecessary time, work, and expense, it is the best option for you.
When we help you save money and time, it takes all the stress out of selling your house. You will be offered a reasonable amount, and you may be surprised at how quickly the transactions are completed. There is nothing to worry about, and no hidden costs. You can move on with your life when you sell to us.