Divorce isn’t fun. The faster you can move forward; however, the sooner you’ll be able to start anew. Getting rid of any ties to a difficult or painful past is often the best decision you can make – and one of the biggest financial ties most parting couples have is a house.
Houses are often the most substantial shared investment that any couple has, and when that couple is splitting, a home can quickly turn into a point of friction. So, what’s the best thing you can do to avoid any unnecessary fighting? In most cases, the best thing you can do with a house during a divorce is sell….as quickly as possible.
Avoiding a Burden
You might think you want to win the house in a divorce- but don’t be surprised if you do win and regret it. As much as houses can be great investments, they’re also a lot of work, and in the wake of a separation, they might not be what you really wanted. Houses require a lot of time and money in terms of maintenance, and you might not have as much of either of those two things now that you’re without your partner. Also, there will be the emotional burden of living in a space that holds so many memories. For many, moving on is the best way to deal with a house in a divorce case.
Don’t Get Stuck
Housing markets go up and down. This means that even if you end up with a house after a divorce, it could turn into nothing more than an asset you’re stuck with. Divorce changes finances dramatically – which could translate into new liens, higher mortgage payments, or unexpected property devaluations, leaving your house unsellable. Selling now can avoid any sticky situations down the road.
Keep Your Credit
In some divorce cases, a spouse loses the house, but the mortgage stays in their name. Or vice versa. Relying on your ex’s goodwill to keep your credit out of trouble isn’t a situation you may want to end up in. Selling before or during the divorce proceedings will avoid this complication altogether and keep you out of a situation that could easily end in foreclosure.
How Do I Sell My New Jersey House Fast?
Selling your home should be handled like a business transaction between you and your spouse. Couples who get personal, instead of staying professional, wind up making poor decisions when angry. The home sale process requires a lot of decisions that both parties will need to agree on.
Check with your attorney to make sure you and your spouse can legally sell the property. Your attorney should help you negotiate how proceeds from the home sale should be divided. How expenses and profits associated with the home are split may vary. For instance, if one spouse paid more to the mortgage or financial upkeep of the house during the marriage, he or she may be awarded a larger portion of the sale.
You can sell your house yourself or through a realtor – but you may have repairs that need to be done before selling. If you don’t want to do repair work, and you want to sell your house fast for cash, an option is to sell to an investor. You may even make as much as you would selling through a realtor, depending on how many repairs the property needs.
If you are getting divorced and want to sell your New Jersey house fast, contact Rock Hammer Investments. Rock Hammer Investments buys houses and pays with all cash… and can make a decision to buy your house within a couple of days (sometimes the same day).
