Going Through A Divorce

Are You Going Through A Divorce And Need To Sell Your House Orlando?

As time passes people can decide that they no longer want to be together and decide to get a divorce.  Let Sunny Spot Realty help you solve part of the stress that comes with divorce and owning real estate together.  Separating marital assets and deciding who gets the house is typically a huge part of any divorce. Many times, people choose to downsize from their current house into a smaller property. Selling a home while going through a divorce can bring up some difficult decisions when it comes to real estate.

 

Sunny Spot Realty is here to help you. We buy homes quickly from people going through a divorce or separation. In addition, we utilize our own capital to purchase properties allowing us to close as fast or slow as needed to accommodate your schedule. Our approach can reduce stress and save you money and time.

 

Therefore, we have helped structure the sale of many homes as part of a divorce situation. This allows both of you avoid having to take on the house payment alone or avoid a possible Orlando foreclosure. Also, we understand how emotional these situations can be. Let our experienced home buying professionals help you find the best solution in the sale of your home.

The Fastest Way To Sell A House Orlando While Divorcing

When it comes time to sell, most people think of selling through a central Florida real estate agent. Unfortunately, there are a few problems with this. Here are few of the most common ones:

  • Who Chooses The Real Estate Agent, and If You Both Do Can You Agree?
  • How Long Will It Take To Sell The Property? Typically, From 3-6 Months or longer.
  • Who Will Handle Negotiations With The Buyer?
  • Who Will Be Responsible For Opening Houses And Showings?

Fortunately, there is another way to Sell Your Orlando Home During a Divorce! You can sell your house to a local Orlando home buying company like Sunny Spot Realty. The local Orlando home buying company will buy your house quickly, for cash, in as-is condition with out you having to pay any fees. In addition, you do not have to fix up the property and the sale can be completed in days, not months, with extraordinarily little paperwork.

PROBLEMS WITH SHORT SALES ON ORLANDO HOME

The huge downside of a short sale when you divorce selling a family home Orlando is that your credit scores is impacted. In addition, you both could end up still being responsible for the difference the house sells for and the amount still owed on the mortgage. But, the mortgage holder could always decide to release you from the liability during the short sale.

ONE SPOUSE KEEPS THE ORLANDO PROPERTY

Allowing your ex to keep the ORLANDO property can create major issues when you try to get anther mortgage for a new home. In addition, it is not so simple getting your name removed from a mortgage and qualifying for a second mortgage can be difficult unless you have a high income. Most importantly, your ex may have to apply for a mortgage and be able to get approved so that your name can be removed from it.

REFINANCING YOUR HOUSE AFTER DIVORCE

Refinancing your Orlando house after a divorce is a option for one of you, as long as your credit and income support you doing so. But, it is only possible if both parties agrees or the judge orders it happen. Also, if you plan to keep the home, you will want to make sure you can afford all of the expenses on your own.

CONSIDERING THE TAXS OF SELLING A HOUSE DURING DIVORCE IN ORLANDO

Have you considered what the capital gains tax will be. You may be better off trading the house for other assets to avoid paying expensive taxes. But, selling a house during divorce Orlando is not already stressful enough, selling assets before a divorce can also be not only emotional and really stressful. If not executed correctly there could be major tax implications. In addition, liquidating assets should be a final resort due to expensive taxes.

 

Therefore, liquidating assets make sure you know what you are dealing with when it comes to assets worth investing in. Also, knowing the cost associated with a real estate asset and what the capital gains tax will be when selling a house Orlando. In addition, when selling a house during a divorce Orlando you do not want to end up with a huge capital gain tax.

 

Most importantly, there will not be any worry about taxes if you transfer assets back and fourth between you and your ex spouse if you can both come to the same agreement. Also, collaboration is when you both decided what something is valued at and typically judges are not involved.