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If You’re Getting Divorced. How to Deal with the House?

Find out everything you need to know

December 2st, 2021

One of the most difficult decisions a divorcing couple has to make is what to do with the family home. Should you sell it and split the profits, or should one person buys the other out? We have been there so we understand what you are going trough, for this reason we have created this blog post. If you’re getting divorced, keep reading! you will get important information you might find useful.

Divorce is an unpleasant topic. But divorce happens all the time. According with the World Population Review, 50% of married people in the United states gets Divorced, is a normal thing nowadays. Nowadays divorce is more common than it used to be in the past.

When it comes to divorce, many people gets emotional and start acting without thinking rationally. Before making an important decision like selling your house you need to keep calm and think clearly about what is best for you at this point of your life.

How Property is Awarded in a Divorce

First we need to understand how divorce courts calculate property division in divorce cases. Basically there are two different calculations that often overlap:

Equitable Distribution – which means, “fair” distribution and Community Property allocation rules.

In most states of the United States divorce laws require judges to equally divide marital assets and liabilities between divorcees, regardless of who has ownership of each asset or liability. Usually judges will try to preserve the status quo (the way things were) during the divorce process, but this is not required legally. This is called equitable distribution law. As a result, state divorce laws require divorcing spouses to equitably distribute marital property without regard to fault in divorce proceedings resulting from divorce complaints .

What does that mean? It basically means that even if someone was unfaithful in the marriage it won’t affect how divorce courts distribute assets. It doesn’t matter if you were a cheating spouse or not, this fact will not be taken into account when divorce courts divide divorce property between divorcing spouses.

1. Pre-marital property

Property assets are classified as either pre-marital property or marital property. Pre-marital property is any asset that was owned by one divorcees before the marriage. This can be property that was gifted to you, or an inheritance for example.

As divorce law treats property acquired before marriage separate from marital property, this means that the divorce courts do not have to equally divide pre-marital assets between divorcing spouses. Pre-marital assets are not subject to divorce property division, which means you can keep them for yourself after divorce proceedings.

2. Marital property

Property acquired during marriage is called marital property and it is usually divided equally between divorcing spouses unless there are some compelling reasons that explain why your divorce courts should deviate from the 50/50 rule. Divorce law varies from state to state and it is important that you consult a professional before you make any decision.

In most states, marital property includes all assets and liabilities acquired during the marriage, regardless of which spouse owns or controls the asset.

So, if you and your spouse purchased a house together while married, that house would be considered marital property and would be subject to divorce property division.

If you and your former spouse are both legally entitled to a portion of your marital property, the easiest way to divide it up is to sell your house. If your relationship came to an end on bad terms, it may be difficult to co-own a home with your ex-spouse.

Here Some Options of How to Deal With the House

Keep the house

If you all decide one spouse should keep the house, then divorce proceedings will be a lot easier for both of you. One spouse has a place to live and the other can search for a new place. This can be really beneficial if you have kids and want to make sure their lives are disrupted as little as possible.

One consequence of this decision is figuring out which spouse gets to keep the house can trigger a variety of arguments about the divorce process. Sometimes it’s best to have a neutral third party help you with this, especially if there are kids involved.

Sell the House in the Market

You might decide it’s best for both divorcees to sell the house. Another option is for one of you to buy out your former spouse’s share in the property or sell it on the market and split proceeds. Either option will have a lot consequences, here you are talking about a process that can take months to complete, not just by listing the house but by preparing it for the sale, hiring a real estate agent, dealing with repairs, you know this is already a complicated process and if you are planing on doing it with your partner, it may not be the best and easiest project you both would like to get into.

Read More:
Sell Your House As Is
Selling to An Investor vs Listing with a Real Estate Agent

Another option is to sell the house directly to an investor who will avoid take out all the hassle of repairs and dealing with agents, most important is that an Investor will be able to close in your timeframe not months comparing to sell it on the Market.

Rent out the House

Another option is to sell the house directly to an investor who will avoid take out all the hassle of repairs and dealing with agents, most important is that an Investor will be able to close in your timeframe not months comparing to sell it on the Market.

If you’re getting divorced and are looking to sell your house, reach out to us. We have helped many people that are going trough this difficult time sell their house in their timeframe hassle free. We will buy your house can help reach out to us if you have any questions by filling the form below. Get your free consultation now!

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Go To House Buyer does not provide legal, tax, or investment advice. This material is for informational purposes only. It should not be considered as investment advice and may not be used as a basis for any financial decisions. Please seek advice from a professional in these areas before making a decision.