Do you want to learn about selling your home during a divorce in Baton Rouge, LA? We will dive into some options as well as potential pitfalls.
Since so many marriages end in divorce these days, many Baton Rouge, LA residents need advice about selling a home during a divorce.
Most joint assets either aren’t that valuable, or can be divided equally, but a house does not fit either of those descriptions. Houses must be liquidated before they can be divided, and that can add months to the situation. Divorce is stressful, challenging, and emotionally charged, but one must remember to remain rational. I will touch on some of the factors to consider when facing a divorce in this real estate market (house values are falling due to COVID-19).
Determine if (and when) You Will Be Selling Your Home During Your Divorce in Baton Rouge
One common option is one spouse will keep the home, buying out the departing spouse’s share.
Another common option is an agreement for one parent to remain in the house for a specific amount of time, often until the kids are out of the house or reach a certain age. Then, once the specified date arrives, they must sell the home. This option is great if the divorce is clean and on good terms, but this often isn’t the case.
Get Professional Help – Agents and Home Buyers / Investors
When going through divorce, you are juggling many things and don’t usually have time to sell your home yourself. You may have different opinions with your spouse about the property value, the selling time frame, or the repairs that need to be done to get top dollar for your home. Working with a real estate professional, an agent or an investor gives you a neutral third party who can help you figure out what the house is really worth and who will market the house for you.
If you need to sell your Baton Rouge house fast, local real estate investment firms like BuyHousesBR may be a great option. Firms like ours will pay cash and close quickly if you need to sell the house fast. Agents on the other hand will list and market your home, and hope for a prospective buyer from the open market. They have much less control over the time frame, but it is a great option if you aren’t in a hurry.
If you don’t have a couple to a few months to wait and just want the property out of your hair, chat with us to see what we can offer for your house during your divorce.
Set (and stick to) a Timeline
It’s critical to keep a timeline when selling your Baton Rouge house during a divorce.
You should put your home for sale in advance. Set firm closing dates, moving dates and times, Get out ahead of the issues. Put your home on the market before you absolutely need to sell it. Pick firm closing dates, moving dates and times, and decide which spouse will be handling the sale, but remember you both will need to sign the purchase agreement. Make sure that each of these agreements is in writing and negotiate penalties for breaching the agreements. Doing these things will keep the sale organized and on track.
Selling Your House Fast For A Fair All-Cash Price
Another option that many couples going through divorce have turned to recently is making a quick cash sale to a real estate investor like BuyHousesBR. Reputable local real estate investors like us purchase homes quickly, and avoid much of the stress that more traditional methods come with. Deciding how to sell a marital home in Baton Rouge does not have to be as painful as the divorce itself.
By protecting the parties with a real estate agent or by jointly deciding to sell to a real estate investment firm like BuyHousesBR, everyone can walk away from the sale with minimal stress. We will stick to the agreed upon schedule and happily work with you and communicate through all parts of the process.
If you want to discuss your situation with the divorce and see if we can help you save time, reduce stress, and get out of this situation fast…
Give us a call anytime at (225) 288-7209 or
fill out the form on this website today! >>
We’ll evaluate your house, make you a fair all-cash offer, and you can decide if selling your house to us is the best fit for you. We’re here for you, just reach out and lets chat.