Getting Divorced

Getting Divorced


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Sometimes life has a way of handing us the most unexpected circumstances. These surprises can frequently leave us in turmoil by turning our lives upside down. For example, if you are facing a divorce, you’re going to have a number of important issues that will need to be resolved. One of them is what will you do with the home you now share with your spouse? It’s not unusual for couples to have to sell their home as a result of a divorce. After all, a lot of people rely on two incomes just to make ends meet. What you do with your home will depend on your particular circumstances. Remember, you have options.


Buyout

Are you getting divorced? Maybe downsizing is the right move. Perhaps it’s not so much that you can’t make the mortgage payment or that your home is too large, maybe you just want a fresh start in a home that doesn’t carry all of the memories of the life you had with your ex-spouse. On the other hand, maybe your best option is a divorce buyout. You can buyout your spouse’s financial responsibility of the home and have the title transferred into just your name. This way you’ll be the one responsible for the mortgage and other expenses. You’ll also maintain complete control over the property and it will be yours to do with as you please. Of course, if you choose to do a divorce buyout, you’re going to have to be able to qualify for refinancing. It’s important to consider whether or not you can afford the home as well as handle all of the maintenance on your own.


Selling

If selling your home is your best option, you’ll have a number of ways you can get the job done. The first, and one of the most common, is to simply list your home for sale with a local real estate agent. This may not be the time for trying to sell your home on your own. While you might think you’ll be able to save some money, this is rarely the case. Additionally, during this highly stressful time, it might be hard to communicate effectively with your soon to be ex-spouse. You’ll need to discuss the selling price, showings, inspections, and purchase offers. It’s generally better to enlist the help of an experienced real estate professional, which we can provide, who will handle all of the details for you. They will also be able to work with each of you independently.


Solutions

If you’re in a hurry to sell, you might want to consider Good As New Real Estate Solutions. We buy homes for cash. This can be a solution to help speed up the process. This option is also a great way to get past the negative aspects of the divorce as quickly as possible. You’ll get your share of money from the sale, and you’ll no longer have to worry about disposing of one of your biggest assets. Once you’re out from under your joint property, you’ll be free to move forward in your new life.

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