What Happens to Your Philadelphia Property After a Divorce? Divorce Home Sale

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Divorce Home Sale

Divorces are complicated for any family, especially if they share interests such as children or property. About forty to fifty percent of marriages ended in divorce last year, and the rate is even higher for subsequent marriages. These divorce numbers have been consistent for the last couple of decades; in reality, the concept of divorce is prevalent in our society. If you are currently going through a divorce, you probably wonder what happens to your Philadelphia property after the divorce. In this blog post, we explain the best methods to complete a divorce home sale and what to expect following the conclusion of the sale. 

Who Keeps the Property?

This is something you and your soon-to-be ex-partner will have to decide. One of you, or neither of you, will have ownership of the property. Most divorces will require the sale of the property because both parties want to keep it or cannot resolve the situation. Usually, the couple decides to list the property and split the proceeds. Sometimes, however, the sale process drags on and on, especially if the property does not receive very many offers from being listed with an agent. The traditional real estate sale is a drawn-out process that requires house repairs and inspections. Listing a property on the market can consume months of valuable time plus many resources. The last thing any split couple wants to deal with would be issues caused by selling a home. Selling property directly to Buying Property 215 will save you time and money and prevent headaches. 

Why Sell Direct?

Professional cash home buyers in Pennsylvania typically close faster than traditional home buyers. Conventional home purchases usually require qualifications from banks to approve a loan which can take months, mortgage underwriting time, and property inspection periods, and the buyer may not qualify. When you sell property through traditional real estate agents, the usual commission is 3% per side, so if you sell your home for $300,000, you will have to pay $18,000 in commissions alone. This does not include any closing costs or gains tax. 

Purchasing Homes As-Is

Professional home buyers in Philadelphia will usually purchase homes as-is. As a seller, you do not have to worry about house repairs before closing or any other additional expenses you were not planning on. Some companies do not require inspections which makes it a genuinely as-is transaction. The divorce process can be overwhelming; if there is a jointly owned property, both owners will typically desire a quick house sale to avoid obstacles and focus on different aspects of a divorce. If you’re approaching a divorce home sale, consider selling the home as-is directly to a real estate investor! 

Lower Risk Transactions

Selling to a professional home buyer is exceptionally straightforward. They will lay out every step of the process and usually have shortened, specific contracts that are simple as-is purchase agreements. You will also have lessened exposure to legal risks. You won’t have to worry about the buyer finding something you didn’t know you didn’t disclose or something they don’t like about the home or the neighborhood. Under most traditional real estate contracts, there is a potential for the buyer to sue you if they feel they didn’t get all of the information or if they think the facts were misconstrued. Professional home buyers already know the property’s state and are willing to take on that risk.

No Showings

When you decide to use a professional home buyer in Philadelphia, Pennsylvania, you will not worry about going through a roller coaster of emotions. There are no frustrating, middle-of-dinner phone calls asking if you are available to show your home. You don’t have to worry about leaving your home spotless every day before heading to work, just in case of a showing while you’re gone. You don’t have to worry about possibly running into a buyer’s agent or their clients or dealing with them asking you questions that you shouldn’t answer anyway. You also don’t have to worry about buyers arguing with you over which furniture you are taking and what you are leaving. Most individuals in America work your standard nine to five, Monday through Friday positions. Considering how busy our schedules tend to be, most real estate showings are conducted in the evenings or on the weekends. These showings can be difficult for homeowners with hectic schedules, children, or pets. 

Move Out Time

Professional home buyers are in it for investment purposes. They are not expecting to move into the home on closing. Most home buyers will allow a move-out timeframe after closing to allow you to relocate at your own pace. This is extremely helpful, especially with such quick closing timeframes. Also, you may not even have to clean the home when you leave. You can pack the items and furniture you want to keep and leave the rest. Completely abandon the stress of the divorce and the divorce home sale.

{We’re Buying Property 215; we purchase property in any condition and situation. We can close within twenty-one days while requesting zero repairs, and we will cover the closing costs. Buying Property 215 can offer a stress-free real estate process while providing the highest cash offer. The Better Business Bureau accredits our company with an A+ rating and 5-star reviews!}

Give “Buying Property 215” a call today at [215-359-6090] or send us a message to discuss selling your property directly to us, so you do not have to wonder what happens to your Philadelphia property after a divorce.

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