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Should I Sell House Divorce in Metro Detroit After or Before a Divorce?
Splitting properties during a divorce often becomes a rollercoaster ride, especially when you did not plan it out beforehand. Whether to keep the house all for yourselves or sell it and split the money becomes a pressing concern. As a leading home buying company in Metro Detroit, we have helped many of our esteemed clients going through the same issue. Among all questions, they often asked a very similar question, “Should I sell house divorce in metro Detroitafter or before a divorce?” We have decided to address the concern based on ‘before’ and ‘after’ the divorce: 1. When to sell a house before the divorce? If you ask any divorce attorney, they will always recommend selling the house before the divorce. However, it does not always end up the way you wanted. Write off Taxes: Selling a house allows you to write off up to $500,000 from the current year’s taxes if you sell your house before the divorce. However, selling a house after a divorce only allows you to write-off $250,000. Spill the Money in Equal Parts: Selling the house before the divorces allow spouses to easily split the money with ease. It will give you peace of mind and safeguard you from equivalent exchange negotiation. Move on: A divorce is never a comfortable process. Maybe the best way to part ways is by selling the house before the divorce and move on with one’s life. 2. When to sell a house after the divorce? Wait for the Right Market: The value of a property often rises with time and selling a house way before a price rise can make you end up losing some good money. If you and your spouse agree to share equal profits at a time when the market is high, then you don’t have to sell the house during a volatile market.
You will have someplace to Live: You don’t have to resort to couch-surfing while going through a divorce if you have your house with you. Before selling your house, at least make some arrangements for an alternative property. If you want to sell the house and want a place to live in. Then you can downsize to a small place. The best ideal way to Sell House Divorce in metro Detroit is to sell your old house to a house buying company and close the sale within 48 hours. Since we pay the entire money on cash, you can use that money towards purchasing your new house. Thank You http://dddhomebuyers.com/