How To Quickly Sell Your House In A Divorce in Salt Lake City
Divorce happens, and it’s usually not a very pleasant thing to go through. If you are in the middle of a divorce, you definitely don’t need more hassle when it comes to dividing your assets. Finding a home buyer in Salt Lake City – one for your property – might be a goal of yours during this time.
There are a few different options available if you are needing to sell your home fast during a divorce. Wouldn’t it be best if you could just quickly sell your home for cash, though? By doing that, you could speed up that whole portion of the divorce and get some cash to put toward debts and lawyer fees. But, before making a decision, look over the main options available.
How to Quickly Sell Your House in a Divorce in Salt Lake City
Work with a Real Estate Agent
There’s always the traditional path where you use a real estate agent. Going this way, you won’t need to deal with showing your house and writing up contracts and the many other details because your agent will handle most of this for you. It’s certainly a beneficial option for some people, but it has some serious disadvantages.
To start, you will need to order an appraisal, which will be an upfront cost. Your agent will likely need to show your property multiple times, and after you get a buyer, they will need to get financing first, which can take more time. That, and, once you do accept an offer on your house, the closing date usually won’t be for 30-60 days further into the future. On average, the entire process takes a minimum of three months.
Opt for a Short Sale
Another path available to you is the short sale, which is when somebody buys a property for less than the mortgage amount. Doing a short sale requires your bank to allow your property to sell for less than the amount that is owed on it. At times, this method can be quicker than by using an agent to sell, but it also has its own downsides.
To start, it can adversely affect your credit rating. In terms of credit, your best outcome after a short sale is to receive a “Not Paid as Agreed” mark on your report. But, this is quite a bit better than going through a foreclosure and having your credit suffer for seven years. If you are able to arrange a short-sale agreement, it will still get you out from under the property.
Try a Firm that Buys Homes for Cash in Salt Lake City
An option many don’t think of – but, one that may be the best of all if you’re needing to sell fast because of divorce – is to partner with a cash home buyer in Salt Lake City. By doing this, you’ll be able to speed up the entire process, get a fair amount for your home, and bypass a lot of the headache.
This entire process of selling your house to a company like this – for a fair cash amount – can be completed in just seven days – only one week, as opposed to months. So, going this route, the professional property buyer in Salt Lake City pays in cash, which is a lot better than having to wait for a normal buyer to acquire a loan. And, you won’t have to deal with making repairs on the house. The company will handle any needed repairs and pay for them. Also, if respected and professional firms pay all of the closing costs.
If you’re needing to quickly sell your house in a divorce in Salt Lake City, a cash home buyer in Salt Lake City may be a great option for you. The process is fast. It’s easy. You’ll end up with a fair cash offer for your home.
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