During a Difficult Time, Here’s Your Neutral Advice
Getting a divorce is an emotionally devastating process that also has a variety of pragmatic issues to deal with. Because your emotions will be at an all-time high, it is important to have a neutral party available to you who can help you to focus on selling your home. This will help you avoid costly housing mistakes during a divorce.
It is essential that you get straightforward and specific answers to divorce-related real estate questions.
At Your Home Sold Guaranteed Realty - The Salas Team in Killeen, TX, our experienced real estate agents are here to be your guide through this difficult time and give you unbiased advice on how to deal with your home and ensure you do not make common housing mistakes.
Will You Continue to Live in Your Home After the Divorce?
When it comes to getting a divorce, you will have plenty of tough decisions to make regarding all of the assets you have accumulated over the years. One of the most important assets is your home. Deciding what to do with the home is where many of the common housing mistakes occur.
A major choice to make is whether or not you will continue to live in the house following the divorce or if you will sell it and divide the profits. So, how do you make that decision? Here are some questions to consider before you decide what to do:
- Do you find comfort and emotional security in your home?
- Are there too many unpleasant memories in the home that will prevent your happiness?
- Is staying in the home simply minimizing change in your life?
- Would selling a home bring you a fresh start?
It is up to you to answer these questions and determine whether or not staying in the home is the right option for you. Our real estate agents at Your Home Sold Guaranteed Realty - The Salas Team will ask the right questions so that you are able to make the right choice
If you decide to sell a home in Killeen following a divorce, you have four options. We will look at each of them in turn below.
Four Housing Options During a Divorce
Making the decision to sell a home instead of continuing to live in it offers you four options for your future. These include:
1. Sell a House Immediately And Divide the Profit
When you decide to sell a home and divide the profit with your ex-spouse, you obviously want to get the home selling process done quickly and maximize the profits. Our team guarantees that your home will sell fast and for top dollar. We can also help you figure out your net proceeds following the sale and expenses.
2. Keep the House for Yourself
If you decide that moving is simply not an option for you, then you can buy out your spouse’s share of the home. You will need to determine if you can handle the monthly financial obligations on your own, and you must have enough money/assets to buy out your spouse’s equity in the home. Keeping the house for yourself will be a major undertaking that requires clear financial planning.
3. Sell Your Equity to Your Spouse
If, on the other hand, you decide to leave the house, you will need to have your spouse buy out your equity in the home.This will give you a chance to start a fresh life with plenty of cash in hand. Our team can help you navigate the process by making sure that you have no further financial obligation or liability in the house. It may require refinancing so that you can apply for a new mortgage on your own without difficulties.
4. Keep the House with Joint Ownership
You may decide to retain joint ownership of the property and postpone a financial decision until a later date. This may enable one of you to continue living in the house even though both will continue to pay the mortgage. Once you are ready to relinquish ownership of the home, be aware that there are tax considerations to account for that have changed from the time of your divorce to the final sale.
Avoid Housing Mistakes During a Divorce with Shelly Salas
When you are getting a divorce and need to deal with the sale of your home, our real estate agents at Your Home Sold Guaranteed Realty - The Salas Team can help. We are well-versed in all of the common housing mistakes made by individuals during a divorce, and our team will work diligently to help you avoid them.
In fact, we guarantee that we will sell a home for you at a price that is acceptable to you and in your time frame. If we don’t, we will buy it from you for cash! No hassles, no loopholes.
To make sure that you are well-aware of how to avoid common housing mistakes during a divorce and feel prepared for the home selling process, real estate industry experts have prepared a special report entitled “Divorce: What You Need to Know About Your House, Your Home Loan and Taxes.” Our team is offering you FREE and instant access to this report to ensure you have all of the information you need.
If you’re ready to start the home selling process, give us a call at 855-331-7653 or fill out the form below with the requested information. Our team will send you a detailed report as soon as possible. Don’t worry about selling a home during your divorce – let us guide you to your fresh start!