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Divorce can be a challenging life event to overcome. And selling a house during a divorce can be even tougher. A lack of communication, raging emotions, and clashing personalities can easily get in the way of getting through the sale. How do you handle communication when there’s tension? Who is responsible for the mortgage if someone moves out? What if you have major repairs? The good news is that plenty of people get through it successfully.
Your attitude and mindset can make all the difference on how smoothly the home-selling process goes. Try putting your emotions aside and handle things fairly and professionally as you discuss how you’ll divide your estate. If you’re doing your part to remain professional, but your soon-to-be ex-spouse is making things difficult, you may need to hire a divorce attorney to mediate.
A divorce lawyer can explain how property is treated upon the divorce and can help clients negotiate a settlement regarding the marital estate. In Georgia, marital property is typically considered any property a couple acquired during the marriage. This does not include inherited property or property gifted by a third party. If you’re also wondering if you should sell an inherited property, here are a few things to consider.
Georgia is an equitable property distribution state, which means if a couple can’t agree on dividing their estate, a judge must follow equitable distribution rules.
Realtors can ease tensions by liaising between spouses and help things flow along, especially when divorcing parties have a hard time communicating with one another. The key is to find a realtor who can find solutions that will benefit both parties and remain objective throughout the process. If you can’t agree on one to use, reach out to your divorce attorney to help refer one that has experience in divorces.
If you want to skip the showings and get rid of your house quickly, a property investor may be the way to go. Property investors, like Arbor View, buy houses for cash in Georgia. The process is completed in a matter of days without getting realtors involved, meaning that you won’t have to pay realtor commissions. Selling to a property investor is also a great option if you have a home in need of a lot of repairs, and you don’t want to spend the cash for renovations.
Although one spouse may move out of the home, which may make selling the home easier, both parties are still responsible for the mortgage if both names are on the home loan. Make sure that you continue paying on your mortgage to avoid foreclosure or messing up your credit. If you and your spouse are close to foreclosure, here are a few options to avoid it.
To avoid the additional burden of court costs, some people draft a written agreement that outlines the division of assets and living arrangements. Money-saving solutions, like this one, may be an incentive for both parties to remain civil during these challenging circumstances.
Don’t want to deal with home repairs, showings, or realtor commissions? Call Arbor View today for a free, no-obligation cash offer.
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