Going through a divorce is never easy, and deciding what to do with shared property can add even more stress to the process. Whether you want to sell quickly, divide assets fairly, or find the best financial option, knowing your choices can help you move forward with confidence.
Step 1: Determine Ownership and Legal Obligations
Before making any decisions, it’s important to understand how the property is legally owned: ✔ Joint Ownership: If both spouses are on the deed, you’ll both need to agree on how to proceed unless a court order dictates otherwise. ✔ Sole Ownership: If one spouse solely owns the home, they typically have the right to sell or refinance without the other’s permission. ✔ Court-Ordered Decisions: In some cases, a judge may determine how the home is handled based on divorce proceedings.
If you’re unsure about your legal standing, consult a family law attorney to clarify your rights and obligations.
Step 2: Explore Your Options for the Property
Once ownership is clear, you have three main choices for handling the property:
Option 1: Sell the Home and Split the Profits
For many divorcing couples, selling the home is the best way to achieve a clean financial break. This ensures that both parties receive their share of the equity and can move forward independently. ✔ Quick and fair financial resolution ✔ No ongoing financial ties to your ex ✔ Avoids disputes over property maintenance
Option 2: One Spouse Buys Out the Other
If one person wants to stay in the home, they can buy out the other’s share. This usually involves refinancing the mortgage in their name and paying the other spouse their portion of the equity. ✔ Allows one spouse to remain in the home ✔ May avoid disruptions for children ✔ Requires financial stability to qualify for refinancing
Option 3: Continue Co-Owning the Property
Some couples agree to keep co-owning the home for a period of time, especially if they have children and want to maintain stability. ✔ Gives time to decide on the best long-term solution ✔ Can be used as a rental property for passive income ✔ May create financial complications and continued ties
Step 3: Selling Your Home Quickly and Easily
If you and your spouse decide to sell the home, you’ll want to do so efficiently to avoid prolonged stress. Traditional real estate sales can take months, involve costly repairs, and require ongoing negotiations.
Selling as-is for cash is often the easiest way to move on without the hassle. ✔ No need to make repairs or upgrades ✔ No realtor commissions or hidden fees ✔ Fast closing process—often in just 7 days
👉 AML Homes LLC specializes in buying homes quickly and discreetly during divorce situations. We provide a no-obligation cash offer, allowing you to focus on your next chapter.
📞 Call us today at 940-255-7227 for a fair cash offer.
FAQs About Selling a Home During Divorce
Q: Do both spouses need to agree to sell the home? A: In most cases, yes. If both names are on the deed, both parties must agree unless a court orders the sale.
Q: How fast can we sell the home? A: With AML Homes LLC, you can sell your home in as little as 7 days, avoiding the delays of a traditional sale.
Q: Do we have to pay for repairs before selling? A: No! We buy homes in as-is condition, so you don’t have to spend money fixing anything.