What Are My Options When Selling My House During Divorce?
One of the most stressful parts of a divorce is figuring out what to do with the house. If both you and your ex-spouse plan to move out, you will need to sell your house as quickly as possible with the least amount of hassle. Fortunately, there are more options for unloading your property, giving you the flexibility you need to sell your house fast and move on.
The three main options for selling your house include hiring a realtor, attempting a For Sale by Owner (FSBO), or working with a local home buyer in Wichita, Kansas. Which option is best for you depends on your circumstances and how quickly you want to sell your house. Before you put your for sale sign up, you may want to explore each option more closely.
3 Options for Selling Your House During Divorce
Option 1: Hire a Realtor
The most common way to sell a house today is to hire a realtor, list the house on the market, and show the house to multiple buyers. A realtor can help you list the house, develop a marketing strategy, and negotiate a fair asking price for the property. They can also show the house for you and identify issues that you need to address to make the house more sellable.
However, realtors make an average of six percent commission on every sale. For instance, if you sell your house for $200,000, the realtor makes $12,000 off the top. When you combine that with the closing costs and repair expenses you need to pay for, you may have little profit left over. Plus, it can take three to six months for a realtor to sell your house. You may not want to wait that long.
Option 2: For Sale by Owner
If you are a motivated seller and have some negotiating skills, you may want to bypass the realtor and attempt a For Sale by Owner (FSBO). In an FSBO, you sell the house directly to the seller without a moderator. This gives you full freedom and flexibility to sell the house as you choose and to set your asking price. Plus, you don't have to fork over six percent in realtor commissions.
The biggest challenge to an FSBO is that you do all the work and assume all the risk yourself. This means listing the house, developing a marketing strategy, making all the repairs, scheduling inspections, showing the house, and attending the closing on your own. Plus, you will have to deal with the headache of negotiating with buyers. This can be extremely difficult when you are dealing with a divorce at the same time.
Option 3: Sell Your House for Cash to a Local Home Buyer
Once you decide to sell your house, you may not have the time or energy to deal with the sale if you are going through a divorce. Even if you hire a realtor, you will still have to be involved in the process. A better option may be to sell your house as-is to a local home buyer in Wichita, Kansas. When you sell your house for cash, you bypass all repairs, inspections, realtor commissions, showings, and closing costs.
A local buyer simply looks at the property, makes a fast cash offer, and closes on the sale quickly. In some cases, you can close the sale in as little as seven days. The only downside to a cash sale is that you sell the house for under its current market value. However, a local home buyer will still give you a fair cash offer at a healthy percentage of the value. If you're looking to sell your house fast and move from your divorce, a cash sale may be your best route.
Request Your Fair Cash Offer:
How to Sell Your House Fast During Divorce
Step 1: Contact Us:
Call us today and tell us about your property. We'll schedule a quick walkthrough of your house—no need to renovate or prepare your home.
Step 2: Get a Cash Offer
If we are interested in buying your property, we'll make a fair, no-obligation cash offer. We make most offers within 24 to 48 hours.
Step 3: You Get Paid
If you accept our offer, then you schedule a closing date that is convenient for you. We pay all closing costs and put cash in your hands in as little as seven days after closing.
Why Sell Your House for Cash?
The most common way to sell a house in Kansas City is to list it on the market and hire a realtor or attempt a For Sale by Owner (FSBO). However, a traditional sale may not be feasible in your situation if you need to sell your house fast. There are several advantages to selling your house as-is for cash:
- You can close on the sale in as little as seven days.
- You pay no closing costs or realtor commissions.
- You sell your house as-is – no upgrades or repairs.
- You avoid the hassle of showing your house to multiple prospects.
- You are no longer burdened by the emotional attachment to the house.
Selling a house can drain you emotionally and physically. The faster you can sell your house, the faster you can move on to the next phase of your life. A cash sale helps you avoid a traditional sale, which can drag on for several months, putting you in an awkward situation with your ex.
We Buy Houses for Cash in the Following Areas
At Blue Sky Properties, we work with sellers throughout Kansas. Many of our sellers come from the following areas:
Sell Your House Fast for Cash in Wichita, Kansas
If you are ready to sell your house or commercial property, then now is the time. You don't have to wait for months to finally land a deal. Blue Sky Properties can make an offer and put cash in your hands in as little as 30 days. Call (316) 202-4249 to get a fast cash offer.