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Marriage is the union of two hearts and we don’t celebrate when these unions separate, but it’s life. The only thing certain here is the uncertainty.
Without question, going through a divorce is a stressful time. You need to make important decisions regarding your life, and that includes the financial aspect. As a couple, your most important asset is your home. Before separation, you must decide what you will do with the house.
Dissolving a marital asset is not an easy task. If you have kids, it is your responsibility to safeguard their future. An important point to note here is that the reason for the divorce does not matter; you have decided to dissolve the union. Now it is time to leave emotional issues aside and do what’s best for you and the future of your family.
Texas is a community property state. That means, the court will distribute the marital property equally between both spouses although there are a few exceptions:
Keeping the house as a family asset
Refinance the House
If you want to keep the house, the only option is to refinance the property. You might experience issues refinancing the mortgage because:
Still, if you want to keep the house you must refinance the property. Otherwise, you’ll lose the ownership of the property,but you will still be liable for mortgage payments.
Sell the house before the divorce
In such situations, selling your home for a cash price is the most suitable option for both parties. You can get cash and split the equity and avoid spending thousands on attorney fees, repairs, and commissions. When you’re trying to sell a home in Houston before a divorce:
You don’t have to worry about financial or inspection contingencies and there are no closing costs or commissions to pay. More importantly, you don’t have to worry about repair costs, maintenance or renovations. You don’t even have to clean the house.
Going through a divorce is tough. While we cannot heal your personal situation, we promise to make selling a smooth experience for you. Please contact a reputable cash buying firm in Houston,and you can sell a home in Houston within days.
It’s critical to hire the right company to complete the sale of your home. There are various house selling companies in Houston? Which company should you choose?
When you work with a Houston house buying company, ensure to have a guaranteed offer in your hand and complete the sale of your home in as little as 10 days.
Give us a call at 281-816-7914 or fill out the form below to get started. We look forward to talking with you.
Your options for selling your house during divorce in Houston