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.