Divorce is among life’s most difficult transitions – both emotionally and financially. The family house is often the largest and most complex piece of puzzle when it comes to dividing assets. Attempting to sell a house during a divorce creates an added pressure on an already tough situation, especially when you’re dealing with repairs, showings, and long waiting periods.
A cash sale provides a simple, faster solution for both parties to move on without the countless pressures of the traditional selling method. Selling your house for cash means no drawn-out negotiations, a quick splitting of proceeds, and leeway to focus on the necessary steps to take into the next chapter of your lives.
1. Instant Sale, Instant Relief
Divorce alone already takes a lot of emotional tolls and adding the burden of selling the conjugal house only amplifies the pressure. By working with Sell Your House Fast, you can avoid the lengthy process of waiting for a qualified buyer in today’s uncertain market. With interest rates on the rise and potential market fluctuations, many buyers are hesitating to make a move. Selling your house for cash eliminates unnecessary stress and gives you a smooth, transparent, and straightforward transaction.
2. Overcome Financial Obstacles
It may not be even financially feasible to buy out your spouse’s share of equity in the house in some situations. Assuming their portion is unaffordable, selling the house and moving to a smaller one in the same neighborhood or away from each other would be a practical solution. Selling for cash enables you to do so without having to incur the cost of maintaining a house that is no longer appropriate for your situation.
3. Embracing Fresh Start
Selling the conjugal house while going through or after divorce opens door to new opportunities. Perhaps you’ve always wanted to live near the ocean or in the quiet mountains, but your previous circumstances held you back. Once you sell the house, both you and your ex-spouse are free to move wherever you wish. By choosing to live in a new and fresh environment, you can truly embrace a new chapter of your life and leave behind the bittersweet memories that may be holding you back.
4. Maximizing Tax Benefits
If your house has appreciated considerably more in value than the price you paid when you purchased it, you may be liable for capital gains tax when you sell the house. But if you sell while you’re still married and meet the requirements, you can exclude up to $500,000 in taxable income. After divorce, this exclusion is reduced to $250,000 for single fillers. That’s why coming up to settlement with regards to the conjugal house is essential before selling and incurring tax liabilities.
5. Emotionally Heal by Letting Go
Staying at the house where painful memories reside can hinder the healing process you need to do after divorce. Selling the house can help you sever emotional attachments and make room for fresh starts. It can be psychologically unsettling to one spouse to be reminded of their former partner in every corner of their house. The past can hold painful emotions that linger on in your life – and by selling that house, you can free yourself from the ties of the past and look forward to a more beautiful future.
Conclusion
Going through a divorce is a tough time and the last thing you’d want to be worrying about is the process of selling your conjugal house. Work with us at Sell Your House Fast, let us give you the solution to your specific situation.
Call us today, send us your information to arrange for a no-obligation consultation and fair cash offer for your house.
