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It’s an unfortunate reality, often fraught with discomfort, to experience. Amidst the challenges of a divorce, the last thing you’d want is to exacerbate the distress and hassle, particularly when dividing your assets. One of your priorities during this period might be seeking out a buyer for your home in Texas, alleviating some of the burdens you’re facing.
If you’re looking to sell your house swiftly during a divorce, you have various avenues to explore. However, wouldn’t it be advantageous to sell your house rapidly for cash? Doing so could streamline the entire ordeal, providing you with immediate funds to address debt and cover legal expenses. Nevertheless, before making a decision, it’s prudent to weigh your primary alternatives.
How to Sell Your House Quickly in a Divorce in Texas
Go Through a Real Estate Agent
Opting for the conventional approach entails engaging a real estate agent. By doing so, you can sidestep concerns about showcasing your property, drafting contracts, and handling numerous other intricacies, as the agent assumes responsibility for these tasks. While undeniably a feasible option, there are notable downsides to consider.
Initially, you’ll incur expenses for an appraisal, a necessary step. Additionally, expect multiple showings of your property, and once a buyer is secured, there’s the waiting period for their financing approval. Furthermore, upon accepting an offer, the closing typically transpires 30 to 60 days later. Altogether, this entire process typically spans a minimum of three months on average.
Do a Short Sale
Yet another possibility is pursuing a short sale, wherein a property is sold for less than the outstanding mortgage amount. This involves reaching an agreement with your bank or mortgage lender to facilitate the sale under these terms. While a short sale can occasionally expedite the process compared to the traditional agent route, it also comes with its own set of disadvantages.
One drawback is its potential impact on your credit. Opting for a short sale may result in a “Not Paid as Agreed” notation on your credit report. However, this is preferable to enduring a foreclosure, which could severely damage your credit for up to seven years. Nevertheless, securing a short-sale agreement offers the advantage of swiftly freeing you from the property.
Try a Company Buying a House for Cash in Texas
An alternative, and possibly the optimal choice, especially in the midst of a divorce, is to consider a cash home buyer in Texas. This avenue enables you to accelerate the entire process, receive a fair valuation for your property, and minimize potential hassles significantly.
The entire procedure of selling your home to such an enterprise – receiving a fair cash offer – can be completed in as little as seven days, merely one week, rather than stretching out over months. Once more, the adept home buyer purchasing a house in Texas offers cash, eliminating the need to wait for a retail buyer to secure a loan. Furthermore, you’re relieved of the obligation to cover any repairs to your property before selling it, as the company takes care of and finances all necessary repairs. Additionally, reputable companies cover all closing costs.
If you need to sell your house quickly in a divorce in Texas, you just might consider a cash home buyer in Texas. It’s easy, It’s fast. You’ll get a fair cash offer.