Divorce can be stressful, especially when it comes to deciding who gets the house and if it should be kept or sold. There are many factors that need to be considered when making this decision. Our team at Best Price Homebuyers is here to help you understand this process and make it an easy experience for everyone involved!
Who keeps the house?
When a couple shares a house and is going through a divorce, the question of who gets to keep the house is usually one of the first asked. In the process of getting a divorce, assets are combed through and split between the two people. This process can be tricky, especially when it comes to the house. To decide who gets the house, it is typically based on when it was purchased and the state you reside in for specifics.
There are usually three outcomes for this situation. A common scenario is one individual buys out the other to keep the house. Another is when one person keeps the home to use for a period of time, such as until the youngest child turns 18, then the house may be sold. The final option can be the house is immediately sold and the equity is evenly split.
Reasons you might sell your home
Divorce can not only be a long process, but it can cause lots of financial stress. When going through a divorce, here are some reasons it might be time to sell.
Purchasing a home is easier with two steady incomes. When divorcing it can be hard to grasp that you are going to have to afford to live off of one income. This is a good time to evaluate if your house is affordable for you or if it is time to downsize.
When you buy a house with your partner, ideally each person has contributed to the purchase of your home. The purchase of the home doesn’t have to be even, but if you can’t come to an agreement on who gets the house the courts will get involved and make the decision.
When it comes time to decide if it’s time to keep the house or sell, it is important to keep in mind how much space you actually need. If it’s just you, a large house might be too much upkeep, but the extra space might be needed if you have kids. If a downsize is needed, consider renting instead of buying your next property to save money to put towards your next purchase when it comes time.
If the idea of putting your home on the market sounds stressful, you can sell your home as-is to a cash home buyer! A cash home buyer will inspect your home and give you an offer at the time of closing. Make your selling experience a breeze by choosing the best cash homebuyers in the Omaha metro area, Best Price Homebuyers.
Best cash homebuyers
Selling your home doesn’t have to come with added stress. Leave it to Best Price Homebuyers in Omaha, NE. We will give you a cash offer for your home, with no repairs needed. We will provide you with an offer in as little as 24 hours. Work with the best cash homebuyers and contact us today!