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 San Antonio?” That’s a good question to ask so be sure to read this blog post and we’ll share our best answer with you…
the decision to divorce is never an easy one, whether the marriage lasted only a few years or more than a decade, it can also be a challenging situation: it’s complicated, it’s expensive, it’s time-consuming, and emotions are running high. Once the divorce process is put in motion, the task of dividing assets is the next step. This can range from easy non-contested division of property to much more complicated situations.
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 a divorce in San Antonio?” 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).
The real estate market is flooded with homes for sale and buyers have plenty of options to choose from. It can be difficult to attract prospective buyers.
Another reason that might be out of your hands, when the economy is in a downward spiral, the housing market is affected for both buyers and sellers.
The location of your home can be a real hurdle to selling if it is located remotely or in an area where there are not a lot of employment opportunities.
But there might be additional reasons that your house doesn’t sell — for example, 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 buyer to negotiate on the sale of the property.
If you happen to get an offer on the house, all owners need to accept and sign off on the offer. If you jointly own the house and only one of you agrees to accept but the other refuses for whatever reason, the potential sale will fall through.
This Delay Adds To The Problem!
If the house is not selling as quickly as you’d like, this just adds 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.
Simply put, you might be hoping to get a high price for your house but your divorce could actually be scaring people away and costing you money.
Fortunately there’s another option…
Strategy For Divorce Houses: Sell To A House-Buying Company
Here’s an effective strategy for people who are trying to sell their divorce house — instead of listing the house with an agent, sell the house directly to a real estate buying firm like us here at Hank Buys Houses. As real estate buyers, we may not always be able to 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 cost of repairing the property, the carrying costs while you wait months for an agent to find a buyer, and then the agent’s commission (sometimes thousands of dollars).
If you’re wondering, “what if my house won’t sell during a divorce in San Antonio?” and if you want to sell your house fast, a real estate buying firm like ours is the fastest and simplest choice to get the property out from the middle of your divorce, give you money for it, and allow you to wrap up this portion of the divorce proceedings.