Disclaimer: As a friendly reminder, this post (How To Sell Your Birmingham Home Fast After A Divorce) is meant to be used for informational purposes only and is not legal advice. I am not a lawyer. I’m a Realtor and investor here in Birmingham that has dealt with all kinds of situations and am only writing this to share info that you may or may not find useful. If you need legal assistance navigating your particular situation please consult an attorney. We would be more than happy helping you with any real estate needs. Just contact us using the form at the bottom of this post.
For married couples, buying your first home together is an act of unity and the start of a new chapter in your lives. However if things don’t work out and you’re considering divorce your largest asset can become a huge source of friction and contention. Divorces are difficult. Around 40-50% of marriages ended in divorce last year, and the rate is even higher for subsequent marriages. Selling your Birmingham home fast after a divorce can be a difficult and emotional process, but it doesn’t have to be. In the midst of a multitude of feelings, it’s perfectly normal that you ask yourself “Do I have to sell my house in a divorce?” Selling the house is definitely not your only option however it is usually the best and most logical choice. Your 5 options after a divorce are:
- Sell and split the proceeds
- Divide large assets
- Co-habitating with your ex and temporarily co-own the house which usually ends up in selling anyway because who wants to live with your ex forever?
- One spouse buys out the other
- Bird nesting (where divorced parents take turns living in the home when they have custody of children, also usually ends in a deferred sale)
With the right approach, it is possible to sell your Birmingham home fast, on your time line without the need for staging or cleaning and move on to the next chapter of your life. If you are going through a divorce right now, you are probably wondering what happens to your Birmingham property after the divorce?
Who Keeps The Birmingham Home After A Divorce?
This is something you and your spouse will have to decide. Will one buy the other out? Is one of you OK with the other living there until they decide to leave? Do you just not care and want to take what’s important to you and leave? Most divorce decrees will require the sale of the property because both parties want to keep it. Who likes packing up and moving anyway? Usually, the couple decides to list the property with a Realtor and split the proceeds. Sometimes, however, the sale process drags on and on, you have commissions you have to pay, closing costs, staging the home, inspections and appraisals, in addition to dealing with the emotional stress of the divorce all while working a job and taking care of the kids (if you have any). Going through a divorce can be daunting. It’s also important to know that property division laws in Alabama will determine how any proceeds of a home sale are divided in a divorce as well. Selling directly to Home Buyers of Alabama might save you some time, and headaches.
Why Sell To A Cash Home Buyer in Birmingham?
If you’re going through a divorce, professional home buyers like Home Buyers of Alabama can typically close faster than traditional home buyers. Traditional home purchases usually require qualifications from banks, mortgage underwriting time, property inspection time and the buyer may not end up qualifying in the end. When you sell property through traditional real estate agents, the usual commission is 6% right off the top, so if you sell your home for $300,000, you would have to pay $18,000 in commissions alone! Then you also have to consider paying for the buyers closing costs and mortgage and insurance payments you have to make until you finally close which can be months.
Purchasing Your Birmingham Home As-Is
Professional home buyers in Birmingham will usually purchase homes as-is. As a seller, this means you do not have to worry about making repairs, cleaning or staging before closing or any other additional expenses you were not planning on. You can take what you want and leave the rest! There are even some companies that do not require inspections which makes it a truly as-is transaction.
Lower Risk Transactions
Selling to a pro is extremely straight forward. we’ll will lay out every step of the process and usually have shortened, very clear bulleted contracts that are simple as-is purchase and sale agreements. No legal jargon you have to decipher here! You’ll also have lessened exposure to legal risks. You won’t have to worry about the buyer finding something you didn’t know you about and didn’t disclose or something they don’t like about the home or the neighborhood. Buyers can be notoriously wishy-washy. Under most traditional real estate contracts, there is always potential for the buyer to sue if they feel they didn’t get all of the information upfront and feel the facts were misconstrued. Professional home buyers already know the state of the property, and they are willing to take on that risk because we do it for a living!
When you decide to use a professional cash home buyer to sell your house fast in Birmingham, AL, you will not have to worry about going through a roller coaster of emotions. There are no frustrating, middle-of-dinner phone calls asking if you are available to show your home. You don’t have to worry about leaving your home HGTV perfect every day before heading to work, just in case there is a showing while you’re gone. 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. We try to offer as painless of a transaction as we can to include cash advances, helping pay for movers or a U-Haul (if the property qualifies).
Move Out Time
Professional home buyers are in it for the investment, lets be honest. We’re not expecting to move into the home on the day of closing. Most home buyers will allow a move-out timeframe after closing to allow you to relocate at your own pace. This can be extremely helpful when you’re dealing with a lot already on your plate and especially with such quick closing timeframes. Also, you may not even have to clean the home when you leave. You can simply pack your personal items and furniture you want to keep and leave the rest.
Divorce is hard enough and please remember you’re not alone. Unfortunately we can’t help with the legalities or therapy to mend the relationship. We stay in our lane and are good at what we do. What we can do, is help make home selling part of going through your divorce as easy and painless as possible. We offer flexibility that is unmatched in the traditional home selling process. Whatever option you decide, the path to closure and starting that new chapter will be easier with the help of professionals, like us, who know what you’re going through and how to tailor an offer to deliver the best outcome possible for your particular situation. I sincerely wish you the best starting your new journey. If you have any questions please fill out the form below and we will be in touch within 24hrs.