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Reasons Why You Should Sell Your Home Fast During a Divorce

By: MPG Homes0 comments

We Buy Houses In Savannah Divorce Creates A Need For Cash

A lot of baggage comes with divorce—emotional stress, custody of the children (if any), and the house, to name a few. No one would wish to divorce their partners, especially if you have been married for a more extended period. Apart from the divorce process, the other thorn in the bush is selling the jointly owned properties. It may seem like a hasty decision to sell the house during a divorce, but it could be the ideal solution for both parties.

Are you going through a divorce and want to sell your house fast? MPG Homes can buy your house for cash. It will only take a week to get you the money so you can move on with your life.

Let Us Buy Your House For Cash!
Contact MPG Homes At 912-216-224!

Reasons to Sell Your Property During Divorce

1. To Start Fresh

Your house is full of memories, both good and bad, that will continue to haunt you for as long as you are living in it. After all is said and done, holding on to your house might be the only thing holding you back. Selling your house will give you a clean slate after the divorce.

2. To Aid You Financially

While divorce mostly takes a toll on your emotional health, your finances will be affected as well. An uncontested divorce in Georgia will cost you $218; however, a contested divorce could reach up to $20,000, even more. We buy houses in Savannah to help you finance your divorce as well as resolve any debt you and your ex may have acquired.

3. The Mortgage is Too Much

If you wish to keep the house after the divorce goes through, you will need to refinance the house on your own. Not only that, but you will also have to take care of the real estate taxes and insurance by yourself. Selling your house for cash will help you get a new place that you can actually afford.

4. Your Ex’s Share of Equity is Too High

Georgia is an equitable-distribution state, which means that marital property is not automatically divided 50/50 between the spouses in a divorce case. Often, judges rule ⅔ of the marital assets go to the party that earns more, while ⅓ goes to the other party.

The house’s equity is considered a marital asset. In order to give your ex’s share of equity, you might need to refinance or give up your claim on other marital assets. Let us help you in this aspect.

5. You Don’t Want to Spend for Repairs, Closing Costs, Etc.

Selling during your divorce, if you don’t retain joint ownership of the property, means that you will have to shoulder repair expenses, closing costs, and other risks that might come up during the sale. Good thing MPG Homes buys houses in Savannah fast and as-is.

People Also Ask

  • Can a house be sold during a divorce?

Definitely, but it would be a lot easier if you and your ex can come to an agreement. You can use the money to buy a new home for each of you, pay up debts, etc.

  • Who gets the house in a divorce in Georgia?

The spouse who gets the house in a divorce in Georgia depends on the court’s division based on the principle of equitable distribution.

  • Can I sell my house if my partner doesn’t want to?

You can sell your house if your partner does not want to by filing an action of division and sale in court. They can petition the court to divide the proceeds.

Professional Home Buyers In Savannah, Georgia

The faster you are able to sell your home, the faster you can move forward. Selling your house during a divorce need not be a tedious task; as professionals in the industry, we buy Savannah houses at competitive prices and faster. We will save you a lot of time in finding the right market for your home.

Sell Your House Fast In Savannah!
Contact MPG Homes At 912-216-224 Now!

MPG Homes
7805 Waters Avenue, 10B2, Savannah, GA 31406
912-216-224

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