Selling Your House During Divorce: A Practical Guide

Real Estate in Divorce Proceedings

Divorce is one of life's most challenging experiences, and deciding what to do with your marital home adds another layer of complexity. The family home often represents the largest shared asset and carries significant emotional weight for both parties and any children involved.

Common Options for the Marital Home

1. One Spouse Keeps the House

This requires the keeping spouse to buy out the other's equity, qualify for a new mortgage, and handle all future expenses. This option often proves financially challenging and may not be feasible.

2. Continue Co-Ownership

Some couples choose to maintain joint ownership temporarily, but this arrangement can create ongoing complications and conflicts, especially if one person wants to move on completely.

3. Sell the Property

Selling allows both parties to split the proceeds and move forward independently. This is often the cleanest solution, providing closure and liquidity for both parties to start fresh.

Why Cash Sales Work Well for Divorce

Speed and Certainty

Divorce proceedings are already lengthy and stressful. A cash sale can close in 7-14 days, allowing both parties to resolve the property issue quickly and focus on other aspects of their separation.

Reduced Conflict

Traditional sales involve numerous decisions about repairs, staging, showings, and offers that can create additional friction between divorcing spouses. Cash sales eliminate most of these decision points.

As-Is Condition

Many divorcing couples can't agree on or afford to make repairs. Cash buyers purchase properties in any condition, eliminating the need for negotiations about who pays for what fixes.

Privacy

Divorce is personal, and many couples prefer not to have strangers touring their home during this difficult time. Cash sales happen privately without public listings or showings.

Financial Considerations

While cash offers may be lower than potential market value, consider the total cost of traditional sales: realtor commissions (6%), closing costs (2-3%), repairs and staging costs, carrying costs during listing period, and potential for price reductions.

Legal Considerations

Always consult with your divorce attorney before making any decisions about the marital home. Some considerations include court approval requirements, tax implications of the sale, how proceeds will be divided, and impact on child support or alimony.

Working with VP Equities During Divorce

We understand the sensitivity of divorce situations and work respectfully with both parties and their attorneys. Our goal is to provide a fair, quick solution that helps families move forward during this challenging time.