We buy houses in Torrance California. It can be very difficult to sell your house in Torrance during a divorce. In a divorce, feelings can be strong. It’s possible that somebody wants to destroy the property at some point. The truth is that emotions eventually subside, and once again we all become adults.
The courts usually instruct us to be adults quicker than we are prepared when it comes to divorce proceedings. Keep the house intact because you want the top dollar if you have to sell. And you don’t want your ex-spouse to say that you have destroyed the estate and garnished your portion for the emotionally gratifying act at the moment.
Options For Selling Your House During Divorce In Torrance CA
Agreeing to Sell and Split the Property in CA
One common way to split a house in a divorce is to put it on the market, sell it and split any equity equally among the two of you. This can be done especially if there aren’t children involved, which simplifies things by eliminating a pending mortgage. And if you can sell to CA home buyers quickly, it expedites the divorce process. But if the housing market in Torrance is slow, this could drag things on longer than desired.
You may go talk to a realtor to get an honest assessment for your Torrance home and ask what estimated costs will get you a higher return. Then negotiate realtor fees to keep net profits as high as possible. Having done that, you can do a market analysis so you have reasonable expectations of the sale.
Preparing the Home for Sale in Torrance
As a couple, do your best to clean up the house and make it presentable for sale. Note that both of you have a stake in the successful sale. De-clutter the home and make it look like a happy family lives there. And if you want to make things smooth, tackle that honey-do-list you have been avoiding.
Your spouse might just wonder why you were incapable of doing it before and you’ll know you just increased your sale value. It’s funny how you can win that way sometimes.
The Next Home You’re Buying in California
If you are selling the marital house to homebuyers in Torrance and you will be buying a new home, make sure that you coordinate things with your realtor to ensure that you time the purchase properly. Divorces are caught up in court and for a million reasons home sales are hung up. When other components fall apart, you don’t want to be locked into a new home loan.
With lenders, be fair and start the process early. Do not lock any rates in while you need to be prepared before you’re really ready to pull the trigger. Constantly running credit could damage credit scores for new approvals.
One Spouse Keeps The Pad in Torrance
While this method is more common when involving children (to protect them), if parties agree, it is a viable option in any divorce. You decide to purchase the house from your soon-to-be-ex in this case. Through completing a quitclaim deed, he or she will agree to quit their interest in the property. You decide to accept the loan on their part and buy it out of their equity.
You need to contact the creditor to clarify the divorce situation and apply for a loan declaration to purchase your partner out of the mortgage. Lenders are more than likely to support you as a person to ensure that you are able to afford the house on your own. Make sure all of your money, including spousal support, is recorded.
If the lender does not authorize you to take over the mortgage, you must apply for refinancing. This may not be a bad scenario if interest rates are lower anyway. Again, this is an application for a loan. Comply with all qualified tax and debt obligations.
Cash For Houses in Torrance CA
If you’re saying, “It’s an emotional time for me to sell my house in Torrance”, then we got you. Sell your house during a divorce to Premier Property Buyers. We are home buyers who can purchase your home in any situation you are in. You may contact us now.