What Happens To Your Kansas City Property After A Divorce?

Divorce is no easy thing. About 40-50% of all marriages ended in divorce as of last year, and the odds are worse for subsequent marriages. If you are going through a divorce right now, you are probably wondering what happens to your Kansas City property after the divorce.

Who Keeps The Property?

You will need to discuss and negotiate this with your soon-to-be ex. Either one of you or neither will end up owning the house after the divorce. Depending on when the home was purchased, the equity in the home belongs to both parties. In most cases, during a divorce, the home is sold in order to split the money evenly and easily. Otherwise, this money needs to be paid out to the other party. This can be difficult though as the home sale can drag out the divorce proceedings, especially if the property doesn’t get a lot of traction with an agent. Selling directly to Green Sparrow Properties might save you some time, and headaches. 

Why Sell Direct?

Professional home buyers in Kansas City, Missouri typically close faster than traditional home buyers. Traditional home purchases usually require qualifications from banks, mortgage underwriting time, property inspection time and the buyer may not end up qualifying in the end. When you sell property through traditional real estate agents, the usual commission is 3% per side, so if you sell your home for $300,000, you would have to pay $18,000 in commissions alone! 

Purchasing Homes As-Is

Professional home buyers in Kansas City will usually purchase homes as-is. For the home seller, this means that you don’t have to make any repairs on the property prior to a sale. There’s no dealing with contractors, waiting, and stressing over repairs.

Lower Risk Transactions

Selling to a professional home buyer is extremely straightforward. They will lay out every step of the process and usually have shortened, very clear contracts that are simple as-is purchase agreements. Because we buy the home as-is, you don’t have to worry as much about legal issues from not disclosing potential problems of the property. Under most traditional real estate contracts, there is a potential for the buyer to sue you if they feel they didn’t get all of the information, or if they feel the facts were misconstrued. Professional home buyers already know the state of the property, and they are willing to take on that risk.

No Showings

When you decide to use a professional home buyer in Kansas City, Missouri, you will not have to worry about going through a roller coaster of emotions. Showings can be very stressful and come at inopportune times. With a professional house buyer you don’t have to worry about getting a call during the middle of dinner to leave your house. You don’t have to worry about keeping your home in pristine condition. The process is just so much easier and convenient!

Move Out Time

Professional home buyers are in it for the investment. They are not expecting to move into the home on the day of closing. Most home buyers will allow a move-out timeframe after closing to allow you to relocate at your own pace. This is extremely helpful, especially with such quick closing timeframes. Also, you may not even have to clean the home when you leave. You can simply pack your personal items and furniture you want to keep and leave the rest.

Give Green Sparrow Properties a call today at 816-800-9238 or send us a message to discuss selling your property directly to us so you do not have to wonder what happens to your Kansas City property after a divorce.

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