{"id":44,"date":"2019-04-01T04:08:59","date_gmt":"2019-04-01T04:08:59","guid":{"rendered":"https:\/\/cashforhouseshoustontx.com\/?page_id=44"},"modified":"2020-01-14T02:32:53","modified_gmt":"2020-01-14T02:32:53","slug":"divorce","status":"publish","type":"page","link":"https:\/\/cashforhouseshoustontx.com\/divorce\/","title":{"rendered":"Sell Marital Home Fast in Houston TX"},"content":{"rendered":"
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Your matrimonial home is likely your most significant investment. Hence, you should be ready to deal with the financial reality of managing it during the division of assets in your divorce.<\/p>\n
Here’s how to handle it in the best way in Houston, Texas.<\/p>\n
In a divorce, splitting real estate isn’t as easy as splitting bank accounts, debts and even shared frequent flier miles.<\/p>\n
You may face the following challenges.<\/p>\n
Your matrimonial property may face pre-foreclosure or foreclosure in case of disagreements on who should make the remaining mortgage payments. It becomes a problem if the spouse who gets the house didn’t assume or refinance the mortgage that was initially taken by both spouses, and the other spouse stops paying it. In this case, lenders can initiate foreclosure against both spouses.<\/p>\n
In some instances, your ex-partner may refuse to sell the house. This may be due to his\/ her personal reasons. Or you may disagree on how to divide the real estate in a divorce. If the disagreement isn’t resolved, one partner can take the other to court to compel that spouse to sell. The court can also force a sale of the house if spouses can\u2019t come to an agreement and the process takes too much time.<\/p>\n
If you bought the house together and your ex-partner gets it, he\/she must assume or refinance the mortgage. In case that isn’t done, your credit can suffer if mortgage payments are delayed. That’s because your name remains on the deed.<\/p>\n
You’re sure to be dealing with multiple issues during your divorce. Hence, you need a convenient way of selling the family home. In this regard, the easiest option is a real estate investor.<\/p>\n
A real estate investor helps you liquidate your home quickly.<\/p>\n
An investor is quite different from most home buyers. The investor isn’t planning on living in the house, unlike most buyers who are looking for a place to make their home. This means the investor won’t have stringent requirements on the specific condition of your home.<\/p>\n
The investor isn’t concerned with such things as the kitchen having a vibrant backsplash or new toilets.<\/p>\n
In fact, many investors look for old and outdated homes which they can fix up to re-sell. Hence, you’ll have a much easier time selling to a real estate investor rather than most home buyers.<\/p>\n
Besides, negotiations for your property work differently with investors.<\/p>\n
Unlike most buyers who gauge the value of a house based on modern features and classy renovations, the investor doesn’t do that.<\/p>\n
The duration within which you can get paid is also a critical factor.<\/p>\n
If selling to regular buyers who require a mortgage to buy your house, the process can take between 3 and 6 months. The mortgage isn’t assured either. Buyers applying for a mortgage may not succeed in getting it. Even if the buyer is preapproved for a loan, lenders can decline to issue funds if the buyer’s credit-worthiness changes.<\/p>\n
You certainly don’t have to contend with such uncertainties when selling to a real estate investor who buys homes for cash.<\/p>\n