About forty to fifty percent of marriages ended in divorce last year, and the rate is even higher for any marriages after the original. Also, the odds are pretty high, if you’re reading this, you’re likely another homeowner pursuing divorce, and you are wondering what happens when Twin Cities Property Owners Divorce.
Who Keeps The Property?
You and your soon to be ex-partner have the opportunity to decide, either amicably or with the assistance of counsel. Divorcing couples often opt to sell property acquired during the marriage for various reasons including sentimental feelings, disagreements about who should keep the property and ultimately, it’s an easier solution for dividing property mathematically. The couple lists the property and split the proceeds. Sounds simple enough, but not so much if the sale process drags into unexpected lengthiness. If the property does not get many initial offers in the first month of being listed with an agent, it could lead to a longer time of waiting than two people who are trying to cut ties probably prefer. Selling directly to Fast Cash Homes MN might save you some time, tears and headaches.
Why Sell Direct?
Professional home buyers in Minneapolis, Saint Paul and Minnesota typically close faster than traditional home buyers. Traditional home purchases usually require loan approval, mortgage underwriting time, property inspection time and sometimes, even though many realtors “pre-qualify” prospective buyers, loan applications get denied and it’s time to begin again to find a new buyer. 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!
Selling a Home As-Is
Professional home buyers in Minneapolis will usually purchase homes as-is. For a seller, selling a home as-is relieves concerns about accomplishing repairs or any other additional expenses you were not planning on before closing. Companies that do not require inspections make it a truly as-is transaction.
Lower Risk Transactions
- Selling to a professional home buyer is extremely straight forward. We will lay out every step of the process and usually people find our contracts are shortened, very clear and concise, easy to understand; they are simple as-is purchase agreements. This lessens exposure to legal risks. You have no worries 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
In divorce situations, there’s often enough taking your attention already and preparing your home for numerous unknown people to walk through it on any given day may be something you’d rather pass on. Selling to a professional home buyer in the Twin Cities and Minnesota, you won’t have all those people. You’ll miss out on phone calls asking if you are available to show your home and making sure your home is spotless each day before leaving the house.
Move Out Time
Professional home buyers are in it for the investment. We are easier to work with, for your scheduled plans of moving on. Most home buyers will allow a move-out timeframe after closing to allow. We can close fast or coordinate with the closing date that’s going to work best for your situation. Also, you may not even have to clean the home. You can simply pack your personal items and furniture you want to keep and leave the rest.