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How to do a Divorce Sale in Texas

April 24, 2024 • Matthew

Once the decision has been reached that a divorce is eminent, a lot of questions are raised. One of these is, “What happens to the house in a divorce?”

Most often it means that a divorce sale must be carried out.

All of the assets accumulated during the marriage have to be divided.

There will be specific laws as to how this is legally done according to the state you are in. How complicated it will depend on the number of assets and the governing rules. The sale of a home during divorce requires some careful planning and using the right resources.

If you are your spouse are able to come to some amicable arrangements regarding your marital property then the divorce sale should be much easier and quicker.

What happens to the house?divorce sale house

What happens to the house in a divorce is probably the biggest concern as this is usually the biggest asset in a marriage.

First, understanding what the rules of the state that the divorce and divorce sale of the house is taking place in are most important. Some states go by the community property rules. This means, as a rule, all of the assets owned by the couple will be split 50/50.

If the house was purchased together as a couple then the split should be fairly simple. Where it gets complicated is if the house belonged to one of the spouses prior to the marriage.

Depending on the circumstances and the State it may not be considered as part of the community property or the divorce estate.

This is when the divorce sale can become more confusing. It can also get complicated if the house was left as a gift or inheritance to one of the spouses. For these reasons, it is highly important to have proper legal counsel to assist with the division of the assets and to protect the rights of each of the spouses.

Proceeding with the divorce sale

divorce sale refinancing

You will find that you have several options for proceeding with the divorce sale of a home. You have the option of attempting to sell the house yourself. If you decide to do this it means that you are going to have to advertise it and market it as heavily as possible. Some individuals who are going this route will commence with a divorce sale using Craigslist.

There are pros and cons to attempting a divorce sale on your own. There are a lot of legalities when it comes to selling a house. Then on top of this, you will also have to deal with the legalities that come with a divorce sale.

The second option is using a Realtor that is experienced and has the expertise and resources to conduct a divorce sale of a house in a quick manner. You also have the advantage of learning what the housing market for your area is like during this time, which is going to be important.

You will also get a good idea as to what your house is most likely going to sell for. You likely have personal ties to the house and with the personal circumstances you are in at the moment you may tend to over evaluate the house. This could mean that the house will not sell or it would take a very long time to do so.

If possible both spouses should come to an agreement as to what the house should be put on the market for, and this should be compatible as to what the housing market is dictating at the time. If you decide to go through a divorce sale using Craigslist or any other form of advertising you will need this plus a lot of other information to entice potential buyers.

Options on Selling

signing divorce sale paperwork

You may find that once you  get your divorce sale listed that you are approached by investors who are willing to buy your house for cash. If you are wanting to sell quickly this may be an inviting offer. It may be that it is lower than what you wanted but you may need to consider how it works in with the current situation that you are now in. Chances are you and your spouse want to get the assets settled so your divorce can become final.

The divorce sale process is not much different than a regular sale of a house except the timing may be important. Often one party moves out of the home and it can be financially difficult to keep up with the expenses of the house.  There may also be some discussions as to whether one party wants to buy the other out. If this is the case then re-financing of the mortgage would have to take place. In any event, until this asset is sold both are responsible for the mortgage and you don’t want to let this go into arrears.

The party that remains in the home during the divorce sale is going to have the responsibility of making sure the home is show ready for viewings. This may also mean some minor repairs are needed which should be done quickly to encourage a quick sale.

During a divorce sale, the best option is to retain an experienced realtor and perhaps sharing with this expert that this is a divorce sale so they understand the urgency of getting the home sold quickly. It is also important that both parties rely on independent legal counsel for the division of the assets. Neither party wants to take it upon themselves to sell the house or any other asset prior to the divorce without mutual consent as there could be legal repercussions to this. Each spouse needs to know what their rights and obligations are and what the law states about the division of assets.

It is imperative that both spouses come to an agreement that the house is to be sold and at what price. If these factors are not agreed upon it can make it extremely difficult through the sale process when offers come in.

Sell Your House After a Divorce

Matt Buys Houses TX can make you a cash offer to buy the house as-is. You can get an offer on your house within 24 hours just by contacting us.

Click here to get a cash offer for your San Antonio house or give us a call at 210-596-9669. We look forward to talking with you about what options you have.
 

The information presented in this article is for educational purposes only and should not be considered legal, financial, or as any other type of advice.

Selling a House As Is

April 17, 2024 • Matthew

Selling a house as is to a buying company

There are numerous reasons why a homeowner might want to sell their property as is. Two of the most commonly stated reasons for selling a house as is is due to money and time consumption. Some owners may be financially strapped and unable to make the major repairs required to sell in peak condition. Others consider selling a house as is to ensure a speedy sale. Even with the assistance of realtors and other professionals, it’s not uncommon for sellers to see their property on the housing market for months at a time. The time wasted on market can be detrimental to a seller’s pockets.

find selling a house as is

How to Go About Selling a House As Is

If you seek the advantages of selling your home as is, looking for a dependable house buying company is a must. Selling a fixer upper can require too much labor for most homeowners. Thankfully, house buying companies specialize in buying properties that need major renovations. While other potential buyers will nitpick at your home’s flaws, house buying companies welcome them. This allows homeowners to forgo making expensive repairs before the sale, effectively saving money and time. Homeowners don’t have to worry about buyer complaints after closing either. If you’re considering selling a house as is, finding the right house buying company for you is essential.

Finding the Right House Buying Company

When conducting research on house buying companies, it’s hard not to stumble on “We Buy Houses” advertisements. From the yellow pages to signs planted on the side of busy streets, the popular slogan can be found seemingly everywhere. House buying companies use this line almost exclusively to advertise their unique ability to buy houses outright, without repairs or making any warranties. If you’re selling a house as is, the issue becomes sifting through a vast selection of companies and choosing the best one that will suit your needs.

There are a few key suggestions to keep in mind when choosing to sell your property to a house buying company. These suggestions will allow homeowners to receive the best price and customer service during closing. Remember, a house buying company gives cash offers based on fair market estimates by comparing your home to others in the region in similar condition. This requires house buying companies to extensively research the market area and stay up to date on regulations and procedures that will assist in closing. If a potential company doesn’t seem more knowledgeable about the selling and buying process than you, maybe they’re not a top house buying candidate.

Keep It Local

selling a house as is to local buyers

Another suggestion to keep in mind when picking out the right house buyer company is location. Much like the small business craze sweeping the nation, localized companies offer major benefits to homeowners needing to sell. Local companies have the advantage of knowing the area better, giving homeowners a more accurate estimate when drawing up the cash offer. They have a better grasp on the local housing market. This insider knowledge is pertinent to receiving a better offer for your fixer upper. Many nationwide companies are notorious for low balling sellers to account for unknowns. Local house buying companies know the terrain and aren’t afraid to trek it with a hesitant homeowner.

Local house buying companies also are typically smaller. Unlike national companies, local companies give the added advantage of working with the same buyer continuously. Choosing a local house buyer company means cutting out the middle man. This allows homeowners to earn more money when they sell, avoid hassles, and work with someone that actually knows their neighborhood. It’s a win-win situation for homeowners and small businesses alike. If there’s a choice, always go with a local cash home buying company.

Communicate with the Buyer Directly

Find out who you are working with when selling a house as is.

Although this may sound like common sense, communicating with the house buyer directly is another suggestion homeowners should consider. When on the search for the right house buyer, some sellers may encounter an investor type known as a “wholesaler“. While wholesaling is sometimes seen in poor light, they are no different than other homebuyers. Wholesale real estate investors will close on your time line, and are always interested in you selling your house as is to avoid the stress of you needing to update and renovate it yourself.

The more you communicate with the buyer directly, the more likely you are to feel comfortable selling a house as is to them. Every professional house buying company will be more than happy to not only stay in communication with you, but also work with you to make the selling process as streamline and stress free as possible. They understand how much goes into deciding to sell your house. If you’re not in a position to make the repairs needed, tell them. More often then not, the repairs you need, and the updating required, are all within their scope of work, taking away the stress of selling a house as is.

selling a house as is

Check Out the References

One of the most valuable suggestions homeowners should heed when choosing a house buying company is asking for references and testimonials. If they’re not easily located or readily available online, ask the company’s representative to send a few your way. No, you’re not inconveniencing the representative and it shouldn’t take relatively long. A professional house buying company will not object to verifying that their houses under contract close. If they won’t allow potential sellers to contact the title company they use, the company might have a poor approval rating. If they are unwilling or unable to send an inquiring homeowner references or testimonials, avoid them at all costs. This is a major red flag.

Established companies that treat clients with fairness and respect will have testimonials. Although these are highly biased assessments, the average testimonial will provide a general understanding of the business’s dealings, how transactions were completed, and overall success rate.  Don’t be afraid to ask; references and testimonials will provide insight sellers can’t afford to ignore.

Sell My House As Is

selling a house as is fast

Though selling a house as is can seem daunting, selling to a house buying company can be time and money saving. Utilizing a house buying business helps homeowners avoid buyer complaints after closing while receiving the best price for their property. If you’re overwhelmed by the plethora of companies out there, consider location, the direct buyer, and references and testimonials before choosing the company for you. Remember, not all “We Buy Houses” companies are created equal. Making an informed decision will give you the best house selling results.

Selling a House As Is FAST

Matt Buys Houses TX has made it very simple to sell your house fast and as is in San Antonio. You can get a cash offer within 24 hours and close as soon as you if feasible for you. Find out how much we can pay for your house by calling us at 210-596-9669.

The information presented in this article is for educational purposes only and should not be considered legal, financial, or as any other type of advice.
Categories: We Buy Houses

Divorcing? Considering Selling Your House in San Antonio? Here’s How To Do It Quickly

April 10, 2024 • Matthew

When it comes to selling your house during divorce these options are something that you want to review carefully as chances are you want to do this quickly.

The sale of a house during a divorce can be frustrating because of all the other issues that are going on in your personal life. Some of those issues can include who gets the house in the divorce, and dealing with a divorce buyout. The one thing that you also want to keep in mind is that selling assets before a divorce could land you into some legal difficulties.

If it is agreed upon by both you and your spouse that you have no choice but to sell the family home, you can start planning how to do so so that the best possible outcome is achieved.

Selling Your House Fast During Divorce

selling your house in divorce

Naturally, you want to sell your house fast and chances are you have a lot of emotional ties to it.

This could lead you to over valuing your family home. In your opinion it may be worth a lot more than what the market value is going to indicate.

You will need to think realistically about this and be prepared to accept the sale value of your home rather than what you personally think it is worth. If you put it on the market at an unrealistic price the chances of it selling your house fast are very poor.

Many think that when selling your house during divorce, putting a high price on it to begin with is the best way, as they can always come down on the price.

What they don’t realize is that the first 30 days of the house being on the market is when it’s going to receive the most attention. Waiting to lower the price after this period of time is not the best route to take.

Importance of Curb Appeal When Selling Your House

You want your house to show at its best and you can begin by sprucing up its curb appeal. As soon as prospective buyers come to your house to view it it’s the outside that they see and you want this to be appealing.

It may mean no more than cleaning up any debris that is around the home, and weeding the gardens.

Responsibilities When Selling Your House During Divorce

waiting for the divorce to be over and selling your house

You want to be sure that when you are managing your responsibilities that you choose a Realtor that is going to put all of their expertise, knowledge, and resources into selling your house quickly. You can share your circumstances with this professional as they will keep the details confidential. By doing so the Realtor understands the circumstances and will work diligently on trying to sell the home as quickly as possible.

Alternatively, you can sell your house without any hassle at all to a local house buying company. They will buy it as-is so that you don’t have to worry about curb appeal or any other repairs.

If you are going to sell yourself ‘For Sale By Owner’ or through an agent, when you will want to be sure that the interior of the home presents well just as the outside does. When in a situation where you are selling your family house because of a divorce you have to do what you can to settle things quickly.

If you are going that route, rely on your real estate agent’s suggestions for any repairs or updates that they feel should be done in order to sell faster. Sometimes it’s just a matter of a few minor repairs and some fresh paint that is needed.

Sticking with Your Decision to Sell

selling your house

With so much else going on in your life at this moment you may be thinking about attempting to refinance house after divorce instead of selling it.

Refinancing your mortgage is certainly an option but it can be difficult. The financial situation of both you and your spouse are most likely going to change and you now will have to qualify for new financing.

You may also be contemplating selling assets before divorce, which is okay if both you and your spouse are in agreement for this. It is not something that you want to do otherwise as there could be legal implications.

The process of selling your house in the middle of divorce may feel that it is just too much to handle.

However, it is most probably a necessity so the more committed you are to getting it sold fast the better it will be for both you and your spouse. Once this has been completed you can both begin to move on with your lives.

Every attempt should be made by both parties to co-operate with each other during the sale process in order to get a fast sale.

De-cluttering When Selling Your House

Chances are either you or your spouse has already moved out of the home, and the one left in it is going to be responsible for keeping the home neat and clean during the sale period. If that party is really committed to having the home sell fast then it means getting rid of all the clutter.

You could even begin packing a lot of the items you don’t need at the moment and putting these in an inconspicuous place so they don’t interfere with the viewings of the home. You really want to attempt to stage the home as best you can during your divorce selling home period.

More Options for Selling Your House During Divorce

researching selling your house

If you have priced your house realistically you may find that you get an offer from buyers who are investors and are willing to pay cash for your home. This is something you may want to consider even if the price is lower than what you were expecting. You are going through a rough time in your life right now and probably the divorce proceedings are putting pressure on both you and your spouse to get the assets divided so it can be concluded.

When you are under pressure to sell your house fast, it may mean that you have to make concessions regarding the sale that you would not normally do under normal circumstances.

If possible strongly consider any offers that you do get and listen to the advice of your realtor. This is the professional that has the most expertise when it comes to selling your house fast and this expert will give you their honest opinion on any offers that you receive.

Sell Your San Antonio House After a Divorce

If you need to sell your San Antonio house fast after a divorce, click here to get an offer within 24 hours!

To get your cash offer on your house, call us at 210-596-9669. We look forward to talking to you about your options. If you aren’t interested in selling your house, but still have questions, feel free to get in contact with us. We are happy to answer any questions.
 

The information presented in this article is for educational purposes only and should not be considered legal, financial, or as any other type of advice.

Selling a Home for Cash in San Antonio

April 3, 2024 • Matthew

Many San Antonio homeowners are currently considering selling their home for cash to a home buyer. A healthy housing market and the overall economic recovery has created the ideal atmosphere to sell residential properties in 2016. Homeowners are seeking the assistance of real estate agents, third party professionals, and home buying companies to quickly sell their home for cash. But which method is the best for a seller? Who should you contact when selling a home for cash in San Antonio?

When homeowners put their house on the market, whether with the aid of realtors or by themselves by declaring a For Sale By Owner (FSBO) status, they want to ensure they’re attracting the best buyers for their property. Potential buyers come in varying shapes and sizes: from individual buyers to investment companies and other businesses. Though the differences are stark between a single buyer and a company interested in your home, both buyers have the ability to offer cash to sellers. There are several advantages and few disadvantages to accepting a cash offer for your home, but having the knowledge to discern between a decent offer and great one will give you the freedom to make the right decision for property.

Benefits of Selling a Home For Cash

selling your home for cash

The Speed of Sale

There are several benefits of accepting to accept selling your home for cash; one of the most desirable advantages to homeowners is the speed of the sale. Typically, most cash home sales are completed within a month from the initial offer due to finance pre-approval. Companies and individual buyers with cash are able to accelerate the closing process to a mere seven days. Closing within a week is practically unheard of when selling on market or to buyers that need finance approval.

When you sell your house for cash, you’re effectively skipping the financing process most buyers must sift through prior to purchase. Communicating with a mortgage lender and acquiring a new loan prolongs the closing process by months. Within that time frame, homeowners are losing thousands on the continual payment of utilities, insurance, and possible mortgages. This time period is extended if the potential buyer is unsuccessful in obtaining a loan from one lender and must seek another. With pre-approved cash buyers, sellers needn’t worry about deals falling through or spending weeks waiting for lender approval.

Homeowners selling their house for cash also receive the added benefit of working with experienced buyers. This experience often shortens a property’s time on market in numerous ways. For one, experienced cash buyers will eliminate the homeowner’s need for a realtor by working with the seller directly. Finding a real estate agent and advertising your property can lead to months on the market before a potential buyer notices your property. When you’re willing to sell your home for cash however, cash buyers are already looking for you and, thus, reduce your home’s time on market. Experienced cash buyers also know the selling process and have a firm grasp on the legality involved. They often provide assistance to first-time home sellers by explaining the process in great detail. This assistance and knowledge can slash weeks off the selling process!

The Convenience of Sale

cash buyers when selling a home for cash

Another major advantage to utilizing the services offered by a cash buyer when selling is the convenience of the sale. The selling process can be especially complex when dealing with realtors. Even if you go the FSBO route, the buyer has the option of using a real estate agent. Although hiring a professional isn’t necessarily a bad idea, it’s one that costs time and money for both parties involved. It’s one of the many reasons why cash buyers avoid dealing with realtors.

If you’re looking to sell your home for cash, you often attract buyers willing to skip the contingencies often associated with selling with a real estate agent. These contingencies include asking for inspections, appraisals, or making major repairs to appease potential buyers. For older properties or fixer-uppers, this can consist of many costly cosmetic updates as well as home system replacements. Realtors, at the request of their clients, often make sellers perform these expensive actions before cementing a sale. However, cash buyers will buy dilapidated properties as is, ensuring a faster, more convenient sale.

Simplifying the Selling Process

Arguably the most beneficial component of selling your home for cash in San Antonio is how simple the selling process becomes with the right cash buyer. As stated previously, cash buyers are typically experienced with buying properties needing major repairs. They’re also more experienced with closing quickly compared to the average realtor. This added expertise allows the closing to commence without the major difficulties sellers face with a traditional buyer.

Selling your property with cash buyers mean avoiding unnecessary complications. A lot of buyers experience buyer’s remorse after making pricey purchases. For home buyers, this can mean accusing the previous owner of concealing the poor condition of their home. Sometimes, buyers even fabricate an issue to nullify their home purchase. Remorse can manifest in different ways for buyers. But with cash buyers, homeowners can avoid this convoluted conundrum altogether.

Selling a Home For Cash Pitfalls

problems with selling a home for cash

Of course, selling a home for cash can have its pitfalls too. Some homeowners will not receive the full market value for their home. This isn’t the consequence of a company sending low ball offers, but more of a standard as-is price adjustment. Cash buyers often need to make those costly repairs homeowners can’t afford to make before selling. So a reasonable lower price for your property is to be expected.

Another disadvantage some homeowners experience when they attempt to sell their house for cash is a buyer being unable to provide proof of funds. If a buyer is unwilling or unable to show proof of funds, they may not be able to purchase your property in a timely manner. Often times, these buyers want to tie up your home to re-sell to other investors to make a better profit and are willing to keep your home off the market for extended periods of time. It’s better to avoid these cash buyers altogether if possible.

Even with the few disadvantages described, contacting a cash buyer is the best option when selling your home. The lack of major repairs, contingencies, and buyer’s remorse make up for possibly receiving a lower price for your property. Also, you can avoid the buyer’s lack of funds predicament by asking for proof of funds via a bank statement or general letter of approval. Sellers don’t have to be stuck paying for a home they no longer want by selling to a trusted cash buyer. With a speedier and more convenient process for sellers, homeowners are able to concentrate on moving without the anxiety of finding the right buyer.

Get a Cash Offer For Your House

selling your house fast

With all the added advantages to selling with a cash buyer, you may be wondering, “How do I sell my home for cash San Antonio?” The answer is simple. Contact a reputable home buying agency. With one quick survey, you can be on the receiving end of a fair cash offer within the week! Matt Buys Houses TX is a trusted cash buyer with more than a decade experience buying homes while offering free selling advice to homeowners in need. If you’re interested in selling to a cash buyer, let us help make your selling process a fast, convenient, and simple experience today!

Selling a home for cash is definitely an option you should consider. Skip the real estate agent fees and hassles. Find out what you can get for your house. Call Matt Buys Houses TX at 210-596-9669.

The information presented in this article is for educational purposes only and should not be considered legal, financial, or as any other type of advice.
Categories: We Buy Houses