What Happens To Your Atlanta Property After Divorce?

What Happens To Your Property After Divorce?

Divorces are difficult. We already know that. But did you know that about forty to fifty percent of marriages ended in divorce last year, and the rate is even higher for subsequent marriages? Aside from the emotional stress caused by a broken marriage, it is more stressful if we talk about the couple’s property after divorce.

If you are going through a divorce right now, you are probably wondering what happens to your Atlanta property after divorce and the legal process it involves. Now let’s talk about what would and might happen to your real estate assets…

What Happens To Your Atlanta Property After Divorce?

Who Keeps The Property?

One of you, or neither of you, will have ownership of the property. This is something you and your soon to be ex-partner will have to decide. It is common for divorces to require the sale of the property after divorce because both parties want to keep it or want to have their share from it.

Usually, the divorcing couple decides to list the property and split the proceeds. However, selling the property can take months or even a year if they take the traditional route, listing the property. The sale process drags on and on, especially if the property does not receive very many offers from being listed with an agent. 

Selling directly to SureClosing might save you some time, and headaches. Plus, both can now move on and focus on what’s more important for them.

Why Sell Directly to SureClosing?

As a professional home buyer in Atlanta, GA, we close faster than traditional home buyers. Typically, we close within 7-30 days or on the closing date chosen by the parties. 

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. Thus, even after all those efforts and days of preparation to pursue a sale, there is no guarantee that the sale of the house will push through. 

Did you know that 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. 

We Purchase Homes As-Is

Did we tell you that if the divorcing couple sells the property by listing it with an agent, they are still required to do updates, repairs, and renovations, as necessary?

SureClosing purchases homes as-is. As a seller, this means you do not have to worry about repairs before closing or any other additional expenses you were not planning on. There are some companies that do not require inspections which makes it a truly as-is transaction.

Lower Risk Transactions

Selling to a professional home buyer is extremely straight forward. They will layout every step of the process and usually have shortened, very clear contracts that are simple as-is purchase agreements. 

[Read: How The Process Works with SureClosing

Most importantly, you’ll have less exposure to legal risks. You won’t have to worry about the buyer finding something you didn’t know you didn’t disclose or something they don’t like about the home or the neighborhood. 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, No Hassle

When you decide to use SureClosing in Atlanta, GA, you will not have to worry about going through loopholes and rollercoaster of emotions. Plus, you have the following perks:

  • No need to experience frustrating, middle-of-dinner phone calls asking if you are available to show your home;
  • No need to worry about leaving your home spotless every day before heading to work, just in case there is a showing while you’re gone;
  • No need to worry about possibly running into a buyer’s agent or their clients or dealing with them asking you questions that you really shouldn’t answer anyway;
  • No need to worry about buyers arguing with you over which furniture you are taking and what you are leaving; 
  • Or if you see it as a good thing, you don’t have to interact with your soon-to-be ex-husband or wife
property after divorce

Relaxed Process & 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.

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