Discussed: Who Keeps the Property After the Divorce?

Discussed - Who Keeps the Property After the Divorce

Divorces are frustrating and emotionally draining for both partners. While undergoing this difficult time, it is crucial to think about the assets and estate. Most people have this question – what happens to the house after the divorce? 

If you are dealing with a divorce process, you might have the same question. Our experts at Detroit Cash For Homes will help you clear all doubts. We are a leading cash home buyer in Royal Oak, serving homeowners for more than 30 years. Let us look at what happens to properties after the divorce. 

  • A property after the divorce: Who keeps it?

As an expert, we recommend you discuss this with your partner. It will avoid any later confusion, which may become a critical issue. Below, we have mentioned solutions for you. 

For example, one of you may keep the property. If you both jointly owned the house, whoever wants to keep it should pay the other person cash equity and become the owner. This is one way to handle properties after the divorce. 

The other most common way is to sell your house fast in Royal Oak. In this, no one keeps the property. They simply sell it for cash and split the sale price. Although it seems convenient, there are a few demerits. 

For example, the couple must undertake costly and time-consuming repairs before listing. And it becomes difficult to manage it all, especially with divorce proceedings. Besides this, delayed sales may occur because of failure to receive reliable offers from potential buyers. In some cases, the wait may prolong to three-six months on the listing. 

Luckily, you can avoid this if you sell a Royal Oak home fast to cash home buyers like Detroit Cash For Homes

  • Why sell your house to Detroit Cash For Homes?

We can help you save time and hassles by meeting your requirements. That means you can close the deal faster than if you take the traditional route. At Detroit Cash For Homes, we buy houses in Royal Oak without inspections, repairs and upgrades, listing, and marketing. 

After evaluating your property, we make a fair cash offer within 24 hours. Once you hand over your house to our professionals, we will handle everything for you. Depending on your convenience, you can choose your closing date. Also, you do not have to worry about completing the sale documentation. You can focus on your divorce proceedings and packing and moving. Moreover, you can skip 6% of broker commissions because we work directly with clients without a realtor.

We operate throughout the year, so you need not wait for a right time to sell your house. Whenever you approach us, you will receive a fair cash offer based on the market and other factors. Remember, it is not necessary to move out on the closing day. Take your time to find a new house. 

If you are searching “how to sell my house fast in Royal Oak,” Detroit Cash For Homes has your back. We buy properties in any condition without cleaning, repairs, and renovations. Call us today!