If you’re going through a divorce and you’re trying to sell a house, you might be wondering, “what if my house won’t sell during a divorce in Floresville?” That’s a good question to ask so be sure to read this blog post and we’ll share our best answer with you…
A divorce can be a challenging situation: it’s complicated, it’s expensive, it’s time-consuming, and emotions are running high. And a lot of those emotions are hard to control. And in all that effort you also need to sell your house so that you can split the value of any equity in the house and put it all behind you. But what if your house doesn’t sell? If you’re going through a divorce and wondering, “what if my house won’t sell during my divorce?” then here’s what to do…
What Are The Reasons Your House Doesn’t Sell?
Unfortunately, there are many reasons your house might not sell. Some of the reasons are related to the normal market conditions (and they might be present even if you weren’t going through a divorce). But there might be additional reasons that your house doesn’t sell — for example, the condition may be such that as a divorcing couple you don’t have the money for repairs, or maybe you have a complicated divorce or there’s a lot of conflict between each party in the divorce and this makes it too difficult for the couple to agree on an offer causing the court to intercede on the sale of the property.
This Delay Could Add To The Problem!
If the house is not selling as quickly as you’d like, this could add to the problem and it ultimately ends up costing you more — in bills and taxes and mortgage payments, as well as in additional attorneys fees. Not to mention added frustration.
While an agent will not advertise a divorce situation without approval from you there can be telltale signs that a divorce is happening. You need an agent to explain how to prevent potential buyers from surmising that when they look at the house. A divorce situation can make buyers think you are desperate for a sale and make lower offers.
There’s another option…
Strategy For Divorce Houses: Consider your options to sell a house
There can be different strategies for people who are trying to sell their divorce house — list the house with an agent or sell the house directly to an investor. Investors will not pay the market price for a house… but many divorcing people realize that holding out for a higher price can actually be a costly strategy once you factor in the costs of possibly making lender required repairs, the carrying costs while you wait a retail buyer, and those closing costs. Many times an investor pays cash and will pay the closing costs also. While the selling price may not look as attractive, the bottom line may be a good solution and is much faster. This may not be for all people but it does offer an alternative choice.
If you’re wondering, “what if my house won’t sell during my divorce?” and if you want to sell your house fast, a savvy agent who works with investors can give you the best advice for you to make a choice to get the property out to a variety of buyers and out from the middle of your divorce, give you money for it, and allow you to wrap up this portion of the divorce proceedings that works the best for you. But only an experienced agent can walk you through the different choices: list your house for the most money or sell to an investor for a lower price but fast close.
As an agent who works with many investors, I understand their thought process and how they approach buying a house. They are not buying to live in the house; they are buying for an investment. There is no emotion like “I love this house; I have to have it” so they can come to the table with less emotion while you are dealing with high emotions on the other side. They are also looking for an investment they can make money with so they will not offer retail price. Because of my extensive knowledge of investors, I can analyze your situation and help you to review what is going to work best for you in the long run. We can run the numbers.
To learn more about our real estate buying program and how we might be able to help you out in this challenging situation, click here and fill out the short form or give me a call at (210) 216-7722.
