Sell Your House During a Divorce in Memphis, TN
Divorce comes with many decisions, and figuring out what to do with the family home can be one of the most difficult.
If you and your spouse own a house together, you may need to decide who keeps it or whether selling makes more sense. If you have both agreed to sell, you may want to proceed with the sale and start making plans for your next chapter.
Pyramid Properties LLC buys houses in Memphis and can make a cash offer based on your home’s current condition. You do not need to renovate the property or get it ready for showings before contacting us.
What Can You Do With Your House During a Divorce?
Every divorce is different, so there is no single option that works for everyone. What you do with the house will depend on your circumstances, your agreement with your spouse, and any legal requirements.
Some couples choose to:
Keep the House
One spouse may decide to stay in the home. This may involve refinancing the mortgage or buying out the other spouse’s share of the property.
Sell the House
Selling the house can allow both spouses to move on with separate living arrangements and finances. The proceeds from the sale can then be handled through the divorce agreement and applicable legal requirements.
Keep Owning the House Together
Some couples decide to continue owning the property for a period of time before selling. While this may work in some circumstances, it also means continuing to share the costs and responsibilities of the home.
If you have questions about your legal rights or obligations, speak with your divorce attorney or another qualified professional.
Selling a House During a Divorce
Selling a house during a divorce can have its own set of questions, especially when both spouses need to agree on what happens to the property.
You may be wondering:
- Who will pay for repairs?
- Who will take care of the property while it is on sale?
- What happens if the house needs significant work?
- How will showings be handled?
- How long will it take to sell?
- How will the proceeds be divided?
If you and your spouse have decided to sell, selling to a cash buyer may be an option worth considering.
You Do Not Have to Fix Up the House Before Selling
Not every house is ready to go on the market. Your home may need a new roof, an updated kitchen, or years of maintenance.
If you do not want to take on those costs during a divorce, you can contact us about selling the house as-is.
Pyramid Properties buys houses in a range of conditions. You do not have to renovate the property or spend money making it look ready for buyers before requesting an offer.
What If We Both Agree to Sell?
If you and your spouse have agreed to sell the house, you can contact us to discuss the property.
We will review the house and, if it fits our buying criteria, make you a cash offer based on its condition and other factors.
Both owners should be involved in the sale and understand the terms before moving forward. If you have questions about ownership, your divorce proceedings, or how the proceeds should be divided, your attorney can advise you.
What If One Spouse Does Not Want to Sell?
When spouses disagree about selling the house, the situation can become more complicated.
If you and your spouse cannot agree, speak with your attorney about your options. There may be legal steps that need to be taken before the property can be sold.
Pyramid Properties can answer questions about buying the property, but we cannot provide legal advice or tell you how to handle your divorce.
How Selling Your House to Pyramid Properties Works
If you and your spouse are ready to sell, the process starts with some basic information about the property.
1. Tell Us About Your House
Call us or fill out our online form. Tell us about the property, its condition, and your selling plans.
2. We Review the Property
We will review the information you provide and arrange a time to see the house if needed.
3. We Make a Cash Offer
After reviewing the property, we can make you a cash offer. We will explain the offer and answer any questions you have.
4. You Decide
You and your spouse can review the offer and decide whether it works for you. There is no obligation to accept it.
If you decide to move forward, we will work with you on the closing timeline.
Why Consider a Cash Sale During a Divorce?
A traditional sale can involve repairs, cleaning, showings, negotiations, and waiting for a buyer to secure financing.
That process may work well for some homeowners. During a divorce, however, you may not want to spend additional money on the house or deal with the demands of a traditional listing.
Selling to a cash buyer gives you another option. If we purchase your home, you can sell it in its current condition without completing repairs or preparing it for showings.
Whether this is the right option for you depends on your circumstances.