What Happens To Your Raleigh Property After A Divorce?

Going through a divorce is never easy. As prevalent as it has become, last year saw an estimated 40-50% of all marriages ending in separation. With so many marriages coming to an end, understanding the implications of divorce is more important than ever. If you are currently navigating a divorce, it can be confusing and overwhelming to work through all that needs to happen—especially when considering what will become of your shared property in Raleigh afterwards.

Who Is Responsible For The Property?

With the end of a relationship, comes the difficult task of dividing shared property in Raleigh. On this occasion, you and your partner may find yourselves in an unfamiliar area that requires special attention to successfully move forward – who will take ownership? Whether one or both parties agree on relinquishing all claims is entirely up to you both as each outcome has its advantages and consequences. As an important step in protecting yourself and your partner legally, you both need to decide who will take ownership or if neither of you will own it.

Why Should You Sell Directly?

Professional home buyers in Raleigh, NC typically close faster than traditional home buyers. Traditional home purchases usually require qualifications from banks, mortgage underwriting time, and property inspection time and the buyer may not end up qualifying in the end. When you sell property through traditional real estate agents, the typical commission is 3% per side, so if you sell your home for $300,000, you would have to pay $18,000 in commissions alone! 

Purchasing Homes As-Is

The majority of the time, professional home buyers in Raleigh will buy houses in their existing condition. If you are the one selling the property, this indicates that you do not need to be concerned about making any repairs before the closing or incurring any other unexpected costs. Some businesses do not require inspections, which results in a transaction that is conducted on an “as-is” basis.

Lower Risk Transactions

Selling your home to a seasoned professional home buyer is a very straightforward process. They will outline each stage of the process and typically have streamlined, very clear contracts that are straightforward agreements to purchase the property in its current condition. You will also be less vulnerable to legal risks as a result of this. You won’t have to be concerned about the buyer discovering something about the home or the neighborhood that they don’t like, or something you didn’t know you didn’t disclose. The majority of traditional real estate contracts include a clause that allows the buyer to file a lawsuit against the seller in the event that they believe they were not provided with all of the information that was promised to them or that they believe the facts were misconstrued. The condition of the property is something that professional home buyers are already aware of, and yet they are still willing to take the risk.

No Showings

You won’t have to worry about going through a roller coaster of emotions if you use a professional home buyer in Raleigh, NC. There are no aggravating, middle-of-dinner phone calls asking if you are available to show your home. You don’t have to worry about leaving your home spotless every day before heading to work, just in case there is a showing while you’re away. You don’t have to worry about possibly running into a buyer’s agent or their clients or dealing with them asking you questions that you really shouldn’t answer anyway. You also don’t have to worry about buyers arguing with you over which furniture you are taking and what you are leaving.

Move Out Time

Companies buy houses in Raleigh professionally for the investment potential. They do not anticipate moving into the house on the day that the dose is administered. The majority of buyers of homes will give you a timeframe after the closing during which you can move out of the house at your own pace. This is incredibly helpful, particularly when considering the speed with which timeframes close. Also, you may not even have to clean the home when you leave. You can simply pack your belongings, including furniture and personal items, that you want to keep and leave the rest.

Give Present Day Properties a call today at 984-689-9785 or send us a message to discuss selling your property directly to us so you do not have to wonder what happens to your Raleigh property after a divorce.

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