Divorces are difficult.
About forty to fifty percent of marriages ended in divorce last year,
and the rate is even higher for subsequent marriages. If you are going
through a divorce right now, you are probably wondering what happens to
your Bowie property after the divorce.
Who Keeps The Property?
This is something you and your soon to
be ex-partner will have to decide. One of you, or neither of you, will
have ownership of the property. Most divorces will require the sale of
the property because both parties want to keep it. Usually, the couple
decides to list the property and split the proceeds. Sometimes, however,
the sale process drags on and on, especially if the property does not
receive very many offers from being listed with an agent. Selling
directly to SMB Property Solutions LLC might save you some time, and headaches.
Why Sell Direct?
Professional home buyers in Bowie 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 3% per side, so if you sell your home for $300,000,
you would have to pay $18,000 in commissions alone!
Purchasing Homes As-Is
Professional home buyers in Bowie will usually purchase homes as-is.
As a seller, this means you do not have to worry about repairs before
closing or any other additional expenses you were not planning on.
There are some companies that do not require inspections which makes it
a truly as-is transaction.
Lower Risk Transactions
Selling to a professional home buyer
is extremely straight forward. They will lay out every step of the
process and usually have shortened, very clear contracts that are simple
as-is purchase agreements. You will also have lessened exposure to
legal risks. You won’t have to worry about the buyer finding something
you didn’t know you didn’t disclose or something they don’t like about
the home or the neighborhood. Under most traditional real estate
contracts, there is a potential for the buyer to sue you if they feel
they didn’t get all of the information, or if they feel the facts were
misconstrued. Professional home buyers already know the state of the
property, and they are willing to take on that risk.
No Showings
When you decide to use a professional
home buyer in Bowie, Maryland, 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
spotless 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.
Move Out Time
Professional home buyers are in it for
the investment. They are 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 is extremely
helpful, 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.
Give SMB Property Solutions LLC a call today at (301) 852-9565 or send us a message
to discuss selling your property directly to us so you do not have to
wonder what happens to your Bowie property after a divorce.
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