It happens, and it’s usually unpleasant, to say the least. If you’re going through a divorce, you certainly don’t want to add to the anguish and inconvenience, especially when it comes to splitting up your assets. Finding someone who is in the market to buy a house in Fort Myers – in this case, your house – may be one of your goals at this time.
You have several options if you need to sell your house quickly in a divorce. But wouldn’t it be great if you could sell your house fast for cash? That way, you’d be able to expedite the whole unpleasant process and have some cash on hand to help clear debt and pay attorney’s fees. But, first, before you decide, consider your main options.
How to Sell Your House Quickly in a Divorce in Fort Myers
Go Through a Real Estate Agent
You could always take the traditional route and go through a real estate agent. This offers a clear advantage: a seasoned professional will handle the heavy lifting of selling your house. They’ll take care of everything from marketing and showings to fielding questions and negotiating offers. They’ll also guide you through the complex paperwork involved in real estate transactions, ensuring everything is filed correctly to avoid delays or legal issues. This peace of mind can be invaluable, especially for first-time sellers who might feel overwhelmed by the process. However, there are some significant drawbacks to consider before you decide this is the right path for you.
You’re absolutely right. Selling a house takes time and patience. There are several hurdles to clear after you decide to list your property. First, appraisals can cost a few hundred dollars and ensure you set a competitive asking price. Then comes the showing process, which can be disruptive – you might need to tidy up the house on short notice for potential buyers. Even after you accept an offer, the sale isn’t finalized immediately. The buyer will need to secure financing, a process that can take 30 to 60 days. Factoring in all these steps, selling a house typically takes a minimum of three months, though it can stretch longer depending on the market and specific circumstances.
Do a Short Sale
Another option is a short sale, which means someone is buying a house for less than the mortgage. A short sale involves an agreement with your bank or mortgage company that will allow the sale of the house for less than is owed on it. This route can sometimes be faster than going through an agent, but it, too, has drawbacks.
While a short sale can hurt your credit score, it’s important to remember the context. A short sale will typically be reflected on your credit report as “Not Paid as Agreed,” which isn’t ideal but carries less weight than a full-blown foreclosure. Foreclosure can bring your score down significantly and stay on your report for up to seven years, severely limiting your borrowing options. In comparison, a short sale notation might cause a drop of 100 to 150 points, depending on your initial credit score. This impact is still negative, but it offers a path to recovery much sooner.
The key takeaway is that a short sale, while not ideal for your credit, allows you to avoid the much harsher consequences of foreclosure. By working with your lender to complete the short sale, you can move forward with a (hopefully) manageable credit score and be free of the burden of a property you can’t afford. This gives you an opportunity to rebuild your credit health over time through responsible financial practices.
Try a Company Buying a House for Cash in Fort Myers
Another option – and maybe the best one if you need to sell your house quickly in a divorce – is to try a Fort Myers cash home buyer. If you do this, you can expedite the whole process, get a fair value for your house, and avoid much of a headache.
The whole process of selling your home to such a company – for a fair cash offer – can take as little as seven days – just one week, not months. Again, the professional home buyer buying a house in Fort Myers pays cash, which means you don’t have to sit around waiting for a retail buyer to get a loan. Also, you won’t have to pay for any repairs to your house before you can sell it. The company will make and pay for all needed repairs. In addition, the reputable companies pay all closing costs.
If you need to sell your house quickly in a divorce in Fort Myers, you just might consider a cash home buyer in Fort Myers. It’s easy, It’s fast. You’ll get a fair cash offer.