Divorce can be one of the most stressful events in your life. Much of the stress comes from making the transition from your current situation. It includes selling your house and relocating to a new place. However, selling your Detroit house during divorce may be the most difficult part of your divorce.
Long after the divorce is finalized, your house could still be sitting on the market as you look for a buyer. Meanwhile, you’ve spent thousands of dollars on repairs and other selling expenses – that is money you could have used during the divorce proceedings. Fortunately, there is a faster way to sell your house during divorce that can be mutually beneficial for both parties.
Here’s How to Sell Your House Fast During Divorce:
The fastest way to sell your Detroit House During Divorce is to sell it as-is for cash to a company that buys houses in Detroit, Michigan. A cash sale is a private transaction directly between you and the buyer. You can sell your house fast in four easy steps:
Call the Buyer
Contact a company that buys houses in Detroit, Michigan. Set up a time for the buyer to do a quick walkthrough of the property. The walkthrough only takes a few minutes, and there is no obligation to sell the property. Both parties can meet together or separately with the buyer.
Get a Cash Offer
If the buyer is interested in purchasing the property, they will contact you and make a fast cash offer. You should get an offer within one to two days after the walkthrough. A reputable, professional buyer will never lowball you. They will give a fair offer based on a percentage of the property’s current market value.
Close the Sale
Closing a cash sale is easy. Simply schedule a convenient closing date. Meet with the buyer to sign the paperwork. The buyer then gives you a check. The buyer also agrees to pay up to 100 percent of the closing costs.
There are several things that distinguish a cash sale from a traditional home sale.
- You sell your house without hiring a real estate agent.
- There is no need to list your house on the market.
- The buyer agrees to purchase the property as-is regardless of the condition.
- You don’t have to schedule an inspection or make repairs.
- Sell your house when you want, close in as little as seven days.
On average, it takes 60 to 90 days to sell a house in Michigan. That does not include the time it takes to repair the house, prepare it for showings, find a buyer, and close the deal. By contrast, the average cash sale only takes seven to 21 days to complete. You can unload your property before you finalize your divorce proceedings.
Is It Legal to Sell My House During Divorce
Unless your house is going through bankruptcy or foreclosure, you can sell your house during a divorce. If both parties want to relocate and sell the house, you simply need to negotiate the agreement as part of your divorce proceedings. Here are some things to consider:
- How to set the price of the home
- How to reduce the price, if necessary
- Who will be in communication with the buyer
- Whether both spouses will need to formally approve offers and acceptances
- Which spouse will ensure the home is ready to sell
- Whose share of the sold home will pay any liens or debts
Once you and your spouse work out the details, you can sell the house as-is and walk away with no strings attached. The buyer can work directly with one or more parties or their attorneys.
Get a Fast Cash Offer from M1 Home Buyers
Your divorce may be stressful, but selling your house during divorce doesn’t have to be. M1 Home Buyers can help you make the transition easier by paying cash for your house. We buy houses as-is in Detroit, Michigan. Call us today at 248-397-5800 to get a fast cash offer.