Divorces happen and they are usually unpleasant, to say the least. If you’re going through a divorce, you certainly don’t want to add to the stress and inconvenience, especially when it comes to splitting up your assets. Finding someone who is in the market to buy a house in McAllen – in this case, your house – may be one of your goals at this time.
In Hidalgo County, Texas, family law matters and divorce cases fall under the jurisdiction of District Courts. The filing spouse (plaintiff) should collect the required divorce forms for their divorce in Texas, fill out these divorce papers, and file a Petition for Divorce through the District Clerk’s office. Many people expect that, since Texas belongs to community property states, all the property must be divided 50/50. However, Texas courts have broad discretion when it comes to defining a just and right division. There are different options for the division of joint assets. In contested cases, the judges take into account a long list of factors when determining what kind of property distribution would be equitable.
Remember that there are several options if you need to sell your house quickly in a divorce. But wouldn’t it be great if you could sell your house fast for cash? That way, you’d be able to expedite the whole unpleasant experience and have some cash on hand to help clear debt and pay attorney’s fees. Consider the following main options to make an informed decision.
How to Sell Your House Quickly in a Divorce in McAllen
Hire a Real Estate Agent
You could always take the traditional route and go through a real estate agent. If you do, you won’t have to worry about showing your house and drawing up contracts and several other details because the agent will take care of all this for you. This is definitely a viable option, but there are some significant drawbacks.
First, you’ll have to get an appraisal, which will cost you. Your house will likely have to be shown multiple times, usually after work or during the weekends. Buy the time you get somebody interested, more than likely, you’ll have to wait for them to get approved for financing. Also, when you accept a buyers offer, the closing date generally will take place in another 30 to 60 days. The average time for this whole process is generally a minimum of three months. And in some cases, the financing does not materialize, and you have to start all over.
Do a Short Sale
Another option is a short sale, which means someone is buying a house for less than the mortgage. A short sale involves an agreement with your bank or mortgage company that will allow the sale of the house for less than is owed on it. This route can sometimes be faster than going through an agent, but it, too, has drawbacks.
For one thing, it can negatively affect your credit. Credit-wise, the best you can do in a short sale is to get a “Not Paid as Agreed” notation on your credit report. But that’s a lot better than having a foreclosure, which can ruin your credit for seven years. Still, if you can arrange the bank to accept a short-sale agreement, you’ll soon be free and clear of the property.
Try a Company Buying a House for Cash in McAllen
A third option – and maybe the best one if you need to sell your house fast in a divorce – is to try a McAllen cash home buyer. If you do this, you can expedite the whole process, get a fair value for your house, and avoid bigger headaches.
The whole process of selling your home to such a company – for a fair cash offer – can take as little as ten days – jnot months. Again, the professional home buyer buying a house in McAllen pays cash, which means you don’t have to sit around waiting for a retail buyer to get a loan. And you don’t have to deal with staging or inspections. Also, you won’t have to pay for any repairs to your house before you can sell it. The company will make and pay for all needed repairs. In addition, the reputable companies pay all closing costs.
If you need to sell your house quickly in a divorce in McAllen, you just might consider a cash home buyer in McAllen. It’s easy, It’s fast. You’ll get a fair cash offer.