Selling Your House During Divorce in Euclid?

These are just a few of your advantages when you sell to us:

1. You sell quick
2. You sell for cash
3. You sell 'AS IS'
4. No extra expenses
5. No endless showings
6. No waiting months for a buyer

The quickest way to sell a house in Euclid, during a divorce is to sell to a cash buyer ‘as-is’.

Because we don’t need a mortgage to buy your house, you’ll avoid home inspections and house appraisals required by lenders and the time waiting for traditional mortgage loans to finalize.

The answer to this question depends on the type of divorce filing.

has several types of divorce filings. Couples agree to the terms of the divorce, including division of real property, in a mutual consent and no-fault divorce.

The time you have to sell in these divorce proceedings would be a joint agreement.

In a fault-based divorce, the proceeding involves a judge who hears both sides of the divorce complaint. The judge weighs the arguments for division of assets, including a house.

The magistrate then makes the final decision on the sales calendar in this divorce filing.

When your ex-partner refuses to sell the family house, there are several options for action.

You may be able to purchase your partner’s interest in the house. This can be done by using cash or trading other assets assigned to you as part of the divorce decree.

A judge may force your ex to sell your house during a fault-based divorce.

This ruling requires the partner wishing to sell to outline the reasons selling is the best option and present those to the judge for a ruling.

Once a divorce has been finalized granting you ownership, and you are the only name listed on the title, your ex-husband doesn’t have to give consent for you to sell.

You can sell at any time after the state-mandated 90-day waiting period.

If the divorce proceeding hasn’t been finalized, and if the house is held as your sole and separate property, then you may be able to sell without the former partner’s permission.

The house might be excluded from any divorce restrictions when you hold it as your sole and separate property.

When a mutual consent or no-fault divorce petition is filed, and the couple agrees to sell as a short sale, that sale can happen at any time during the divorce.

If the filing is a fault-based divorce, then the judge must approve a short sale. The magistrate will then set the closing date after the lender agrees to the sale.

The cash proceeds from a home sale are easy to divide between former partners, while the value of a house is more difficult to assess and divide.

A home appraisal uses the comparable sales in the surrounding neighborhood over the last few months to establish a fair value for the property.

If you haven’t had a recent neighborhood sale, or the last property sold below market value, you may not receive full value for your house during a divorce proceeding.

The value of the home may also decline over the time you wait for the divorce to finalize, particularly a house that’s left vacant or when upkeep is deferred until after a divorce decree.

The only way to know the market value of the house is to sell the property and divide the proceeds of the sale.

Divorce Filing: The first step when you sell a house when going through a divorce is to jointly agree to sell or have a judge order the sale of the property.

Selling During a Fault-Divorce

Permission to sell: The court reviews the document filed by one or both spouses and allows a sale that aligns with the best interests of both parties. A real estate agent, or an investor, is selected to handle the sale.

Marketing the property: The house is advertised for sale.

Court approval: When you receive an offer you’d like to accept, it’s presented to the court for approval. If you and your spouse can’t agree, the judge will make the decision by using property appraisals.

Closing: The proceeds from the sale are distributed according to the divorce agreement after deductions are made for fees, closing costs, and any commissions.

Final accounting: The closing document summarizing the sale’s proceeds and expenses is presented to the court.

Selling During a Mutual Consent or No-fault Divorce

Listing: The couple agrees to a listing method. This might include hiring a real estate agent or selling the house to an investor.

Marketing the property: Your property is advertised for sale.

Accepting offers: Your review offers and accept one of them.

Completing the sale: Once an offer is accepted, escrow and title will be completed by state-licensed professionals. Any liens are satisfied during this period.

Final accounting: The final closing documents will list the division of the house proceeds between the former partners following the divorce decree.

Selling land works the same way as a residential property sale. An exception happens when the parcel undergoes a land survey as part of the listing step.

The parcel is listed with a real estate agent or it can be sold directly to a property investor such as our company.