Divorces are difficult! Most Americans will experience one in their lifetime. In fact, about forty to fifty percent of marriages ended in divorce in 2020, and the rate is even higher for subsequent marriages. If you are experiencing the process of a divorce right now, you are probably wondering what happens to your Pittsburgh property after the divorce.
Who Keeps The Property?
This is the most important questions and it is not easy to answer. Simply, this is something you and your soon to be ex-partner will have to decide amongst yourselves. One of you, or neither of you, will have ownership of the property. In the wide majority of cases, divorces will require the sale of the property because both parties want to keep the property. In most instances, the couple decides to list the property and split the proceeds. Sometimes, however, 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 Sell Pittsburgh Home Fast might save you some time, and headaches. We have been doing this for over a decade and have experiences with dozens of divorce cases. In other words, we know how to handle the inevitable stresses of divorce.
Why Sell Direct?
Professional home buyers in Pittsburgh, PA typically close faster than traditional home buyers. You may be asking why and the answer is 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. When you sell property through traditional real estate agents, the usual commission in Pittsburgh is 3% per side, so if you sell your home for $300,000, you would have to pay $18,000 in commissions alone!
Purchasing Homes As-Is
Professional house buyers in Pittsburgh will usually purchase homes as-is. As a seller in the divorce process, this means you do not have to worry about repairs before closing or any other additional expenses you were not planning on. There are even 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 walk you through ever step of the process and usually have shortened, very clear contracts that are simple as-is purchase agreements. You will also have lessened 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 which means a faster and cleaner transaction.
When you decide to use a professional home buyer in Pittsburgh, PA, you will not have to worry about going through a roller coaster of emotions. There are no frustrating, middle-of-dinner phone calls or back an forth with your spouse asking if you are available to show your home. You don’t have to worry about leaving your home spotless every day before heading to work, just in case there is a showing while you’re gone. You don’t have 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! You also don’t have to worry about buyers arguing with you over which furniture you are taking and what you are leaving.
Move Out Time
Professional home buyers are in it for the investment. It’s that simple. 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.