How To Sell Your House Quickly In A Divorce in Omaha, Nebraska
It happens, and it’s usually unpleasant, to say the least. If you’re going through a divorce in Omaha, Nebraska, you certainly don’t want to add to the anguish and inconvenience, especially when it comes to splitting up your assets. Finding someone who is in the market to buy a house in Omaha – in this case, your house – may be one of your goals at this time.
You have several options if you need to sell your house quickly in divorce in Omaha, Nebraska. But wouldn’t it be great if you could sell your house fast for cash? And you would not have to pay a real estate broker a 6 or 7 percent commission, closing costs, costs to get the house ready to sell and holding costs to name a few coats you would be saving. That way, you’d be able to expedite the whole unpleasant process and have some cash on hand to help clear debt and pay attorney’s fees. But, first, before you decide, consider your main options.
How to Sell Your House Quickly in a Divorce in Omaha
Go Through 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 the myriad of 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. During the appraisal process, you will need to take all emotion out of what you think your house is worth or even what you need to get out of the house in order to pay off your mortgage, 2nd mortgage etc. You will need to look at similar houses in your area or neighborhood. Ideally homes within blocks of your house or at a minimum in the same neighborhood that have sold within the last 30 or 60 days. Look at square footage, number of bedrooms, number of bathrooms, garage or no garage, attached or not attached, the age of the home, etc., etc.
Your house will likely have to be shown multiple times. You will want to declutter your home. Take down family pictures, pack away toys and clutter around the house. You should consider renting a storage garage to store all of your extra “stuff” around the house. First impressions are very important. You want the potential buyer to imagine themselves having Thanksgiving dinner with their family, waking up Christmas morning with their family in your house. It makes it much easier without external distractions like pictures of your family or stepping over toys in the living room. I think you get the picture.
You will also want to make any repairs you have putting off before the house is listed with a real estate agent. Examples, minor plumbing or electrical issue that may have been neglected. Painting or yard work that would improve the buyers “first impression”. Remember, it is so important for a buyer to feel at home in your house.
You should also consider the thousands of dollars in expenses you will incur if you decide to sell your house with a real estate agent. First of all, you will need to pay the real estate broker a 6 or 7 percent commission. So if you sell a $200,000 house you will be paying a $14,000 dollar commission before you even begin to pay the other costs. Other costs include closing costs, costs incurred to get the house ready to sell. Then you have holding costs, these are costs that are incurred while the house is for sale. They include things like taxes, insurance, utilities, daily maintenance like lawn care or snow removal, any repairs that may arise while the property is listed.
And when you do get an interested buyer, you could wait 60 to 90 days or more for them to get financing. Also, when you accept a buyers offer, the closing date generally won’t be for another 30 to 60 days. The average time for this whole process is generally a minimum of three months.
Do a Short Sale
Another option is a short sale, which means someone is buying a house for less than the value of 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 a real estate 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 to suffer a foreclosure, which can ruin your credit for seven years. Still, if you can arrange a short-sale agreement, you’ll soon be free and clear of the property.
Try a Company Buying a House for Cash in Omaha
Another option – and maybe the best one if you need to sell your house quickly in divorce in Omaha, Nebraska and the surrounding area – is to try a professional cash home buyer in Omaha, Nebraska. If you do this, you can expedite the whole process, get a fair value for your house, and avoid much of a headache.
The whole process of selling your home to such a company – for a fair cash offer – can take as little as seven days – just one week, not months. Again, professional home buyers will pay cash for your house in Omaha, Nebraska or surrounding area. Which means you don’t have to sit around waiting months for a retail buyer to get a loan, or finding out they can’t get a loan. Also, you won’t have to pay for any repairs to your house before you can sell it. You will NOT pay any commissions or closing costs. Simple collect your cash and walk away.
If you need to sell your house quickly in a divorce in Omaha, Nebraska, you just might consider a cash home buyer in Omaha. It’s easy, It’s fast. You’ll get a fair cash offer.
