Question 1

Can I continue to live in our house after a divorce?

Accepted Answer

You don’t have to sell your house before you divorce, but if you are thinking of selling, there are possible tax benefits for selling before rather than after a divorce.

If in doubt, consult a tax attorney to see how the change in capital gains taxes for divorced couples might affect you.

Question 2

Do we have to sell our house before we initiate divorce proceedings?

Accepted Answer

You don’t have to sell your house before you divorce, but if you are thinking of selling, there are possible tax benefits for selling before rather than after a divorce.

If in doubt, consult a tax attorney to see how the change in capital gains taxes for divorced couples might affect you.

Question 3

Who gets the house after the divorce?

Accepted Answer

There is no set outcome as to which party gets their former house after a divorce. You can decide to have one spouse buy out the other, or perhaps one spouse gets the house as part of the divorce settlement.

This is why many couples opt to sell their house before the divorce when they have more control over the situation.

Question 4

Are there any benefits to selling before the divorce?

Accepted Answer

Selling your home before the divorce is finalized has a lot of advantages.
By selling at the beginning of the process, you have a better chance of getting a higher selling price and avoiding having to accept a lower offer on your home.

If you can sell your house for more than you paid for it, you can also take advantage of a much higher cap on capital gains taxes for married couples, which is an important consideration.

Question 5

How do we split the proceeds from a home sale?

Accepted Answer

There is no set way for couples to divide any of their assets during a divorce, especially the proceeds generated from a home sale.

That said, some states, such as California, are community property states where couples split their assets equally.

This means that, barring any prenuptial agreements, you and your spouse would each get an equal share of the profits from selling your home.

You can always negotiate a different share as part of your divorce settlement, as well.

Question 6

We don’t have money to make major repairs. How will this affect our ability to sell our house?

Accepted Answer

If you’ve lived in your home for any amount of time, you know that certain things need updating.

Ideally, you can make the necessary repairs before putting your home on the market, which could bring a higher selling price.

If you don’t have the cash to make major repairs, however, you can sell your house as-is and accept a lower selling price.

If you find yourself cash strapped entering into a divorce, accepting a fair cash offer from SoCal Home Buyers might be the best approach—we buy your house as-is, so you don’t have to spend any additional money before you leave.

Question 7

What’s the fastest way to sell a home during a divorce?

Accepted Answer

The fastest way to sell your house during a divorce is to accept a fair cash offer from SoCal Home Buyers.

We can make you an offer and close on the sale within a week, so you get the cash you need without having to wait months for your house to list and sell conventionally.

Question 8

Can we sell our house after a divorce?

Accepted Answer

Nothing is stopping you from getting through the divorce proceedings and then attempting to sell your house.

As to how to sell a house after divorce, it’s pretty much the same as selling it before a divorce—you have to agree on terms, decide who does any necessary work, hire a realtor, and agree on what offer to take.

You can avoid all this hassle, however, by accepting a quick cash offer from SoCal Home Buyers. We make it easy for you to sell your home—before, during, or after a divorce.