These are Practical Tips to Help You Deal With the House
Trying to handle the fallout of a divorce can be extremely overwhelming and stressful. And figuring out what to do with the house just adds to the complexity. If you’re selling in Mullica Hill after divorce, this will help.
With any divorce, emotions run high. This can make it hard to focus on transactional things like your home. If selling isn’t your highest priority (which is understandable), the sale may not go as planned.
What you need most are some non-emotional, straightforward, specific answers.
Your Home Sold Guaranteed Realty - Nancy Kowalik Group can be that unbiased guide you need. Nancy and our team will help you navigate the process.
Will You Continue Living in the House, or Do You Need to Sell Fast?
There are a lot of complications and considerations during a separation. Some people opt to stay in the home they own and let their spouse move out. Others choose simply to sell it and everyone moves out.
What you decide will impact what financial decisions you make.
Before you do anything, read a FREE special report prepared by industry experts. It’s called, “Divorce: What You Need to Know About Your House, Your Home Loan, and Taxes.”
If you’re not totally sure what route you should take, try answering these questions:
- Does my home bring comfort and emotional security?
- Does my home hold too many unpleasant memories?
- Do I want to minimize change by staying here for now?
- Do I want to sell quickly and get a fresh start?
Only you can answer these questions. But Nancy’s team can help you make informed decisions. We’ll help you assess what makes the most sense for your situation.
If you do decide it’s time to sell, you have 4 options.
Your 4 Options for Selling in Mullica Hill After Divorce
It’s essential to know the options you have before taking any action. This will help you avoid making emotional decisions you may later regret.
1. Sell the House Now and Divide the Proceeds
If you do sell, you want to make sure you get the best price. Our team can help by guaranteeing to make the sale for the best price. We’ll also help you figure out your net proceeds after selling expenses.
Nancy can also help you determine how to divide the profits between parties.
2. Buy-Out Your Spouse
Suppose you intend to keep the house yourself. In that case, you’ll have to be sure you can continue to meet your monthly financial obligations. Especially if you’re operating on one salary as opposed to two.
Make sure you have money or assets to buy out the portion of equity your ex has in the home.
3. Let Your Spouse Buy You Out
If you are the one who is leaving, you have an opportunity. You can start over in a new home with cash in your pocket. However, be aware that the house should be refinanced.
Refinancing will release you from any obligation or liability on the loan. If you don’t, it may make qualifying for a new mortgage difficult for you.
4. Retain Joint Ownership
Some divorcing couples postpone a financial decision about their home until things calm down. They may choose to retain joint ownership, even though only one spouse lives there.
When you eventually decide it’s time to sell, keep your eye on tax considerations. Financial implications may change between your divorce and when you actually make a sale.
Nancy Will Help You Sell or Buy it Herself, Risk-Free to You
If you’re selling in Mullica Hill after divorce, Your Home Sold Guaranteed Realty - Nancy Kowalik Group has resources. Our team will Guarantee to well at a price acceptable to YOU, or Nancy will buy it for cash!
If you’re in the middle of a divorce and are unsure about what to do, let us help. We can be the unbiased team to guide you in the direction that will get you a good outcome.
Call us at (856) 478-6562 or fill out the form below for more information.