Selling Your House While Divorcing in Kansas City

If you’re going through a difficult divorce and are trying to find out what to do with you unwanted real estate, read this blog for tips on selling your house while divorcing in Kansas City

Divorce is a stressful and difficult situation both emotionally and financially. Like many couples in the midst of this trying time, you may be trying to figure out how to sell your Kansas City property. The following is our best strategies to manage this situation effectively and efficiently.

Houses In Divorce Can Be Complicated

In a divorce the couple tries to split their assets in half. This is of course easier for assets like cash and stocks, but how do you split a house in half? The property itself derives its value as a whole structure and the land isn’t going anywhere either. Real estate is often an all or nothing sort of sale.

Since physically splitting a house in half is really not recommended, you may need to sell the home to get the value back out of the property so it can be easily split. One party can also buy the other person out (which is a massive expense a time that people rarely want to incur such expenses).

Here’s How To Split The Real Estate Asset

The best way to split the real estate asset is to sell it:

A property can be a financially complicated asset. There may be selling expenses, mortgages, liens and other bills outstanding on the property. The easiest way to resolve all of that is simply to sell the home and retrieve the equity from the property

This equity can then easily be split, with each party getting an agreed-upon percentage (such as 50/50).

But this begs the question — how do you sell the property?

The Fastest Way To Sell A Divorce House

When it comes time to sell, most people think of selling through a real estate agent. Unfortunately there’s a few problems with this:

  • the agent will make the owners pay out-of-pocket to fix up the property first — but who pays for that?
  • once the repairs are completed the agent lists the property- a process that can take as long as 3-6 months. Can you wait that long to settle the divorce?
  • once the property is under contract with a buyer, there is a lot of paperwork and negotiations which can be challenging to do in a contentious divorce situation.

This is a costly and time-consuming way to sell, and it can actually make the divorce proceedings so much worse.

Fortunately, there’s another way to sell and that’s to sell your house to a real estate buying firm (which is what we do here at Green Sparrow Properties). The real estate buying firm will buy your house quickly, for cash, in as-is condition (and as a bonus, there are never any commissions or fees to pay). You don’t have to clean up or fix up the property and the sale can be completed in days, not months, with very little paperwork.

If you’re going through divorce and want to just be done with it and move on with your life, just reach out to us and tell us about the house you want to sell. We specialize in buying divorce houses and we can help you expedite your divorce by buying this house from you.

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