In most divorces, hard feelings between spouses make selling a South Carolina house in joint names divorce difficult, as more often than not, one or both parties want to inflict as much emotional harm on the other person as possible. Unfortunately, the couple’s shared finances often take the brunt of this ax-grinding.
When selling a house with joint names during divorce, the best option is always to temporarily set aside differences and work towards an outcome that is mutually beneficial.
In other words, work together long enough to sell the house so both parties can take their equity from the sale…or at the very least, just walk away from the situation with the house sold.
When Couples Agree to Selling A House in Joint Names Divorce In South Carolina
Understandably, couples in the middle of a divorce often can’t see beyond their short-term anger.
We see it when we work with couples who need to sell quickly during a divorce, but almost always can find a way to get everyone to work toward the common goal of getting the house sold. Often times we’ll buy the house for cash. We can make you a cash offer, just call us at (843) 410-3050 to discuss the situation and we’ll make you a fair offer within 24 hours.
They are so blinded by their desire to get even with their spouse that they actually cause harm to themselves and others around them. While this response to divorce is understandable, it’s not the best approach, especially when trying to sell the South Carolina house in joint names.
It almost always requires both parties to compromise when selling a South Carolina house during the divorce, so that they can leave the marriage with their dignity, emotions, and finances relatively intact.
Saving Time And Selling The House Fast May Be The Cheapest Option In The Long Run
The only parties who truly benefit when both individuals in a joint property divorce refuse to compromise on selling their South Carolina house are the divorce attorneys. Each hour spent in negotiations, discussions, or prolonged disagreements is an hour that could otherwise be spent getting closer to an agreement and ultimately finalizing the sale. The longer the sale drags on, the more money is drained away in attorney fees, reducing the overall proceeds from the sale of the house. This delay can significantly impact both parties’ ability to move forward and rebuild their lives.
Divorce attorneys typically charge hundreds of dollars per hour, whether they are in court or simply consulting with their clients through phone calls or office meetings. If both parties can agree to put aside their differences and sell the house quickly, they can avoid wasting money on attorney fees and retain a greater portion of the sale proceeds. This allows them to use the funds in a more productive way, whether for new living arrangements, future investments, or personal growth. By agreeing to move forward with the sale in a timely manner, both parties can take control of their financial futures and close this chapter in a more positive, financially beneficial way.
Coming To An Agreement To Sell The South Carolina House
Generally, when a divorcing couple disputes the sale of a jointly-owned home, it’s often driven by emotional factors rather than practical ones. In many cases, both parties are attached to the property, whether for sentimental reasons or as a means of holding onto something that feels like a connection to their former life together. However, what they often fail to realize is that by not selling the South Carolina house quickly, they are only prolonging the financial strain on themselves. The emotional need to hold onto the house may make sense at first, but in the long run, it can hurt both parties just as much—if not more—than if they had simply agreed to sell and move on.
The longer the home remains unsold, the more both parties lose out financially. Each passing month adds to the growing list of expenses that must be covered, including mortgage payments, insurance, taxes, and utilities. Additionally, if the divorce attorneys are involved in the process, those costs can escalate quickly. Attorney fees can be substantial, and the longer the home sits on the market without a sale, the higher the total costs both parties will incur. Rather than allowing these costs to pile up, selling the house quickly can help reduce financial strain and free both parties from this ongoing financial burden.
Not only are both parties accumulating ongoing expenses, but they’re also delaying the financial settlement they need to move on with their lives. The longer the house remains unsold, the smaller the eventual payout will be after the divorce. If one party is holding out for a higher sale price, they may find that, with each passing month, the market shifts, and the home’s value may even decline. Additionally, if the house continues to sit vacant, its condition can deteriorate, leading to more expenses for repairs and maintenance.
Instead of prolonging the emotional and financial stress, there’s a more efficient solution: selling the house fast. By choosing to sell directly to a cash buyer, both parties can eliminate the months of waiting and the costs of agent commissions, inspections, and repairs. We offer a fair cash offer for your South Carolina home and can close in as little as 7 days—or on a schedule that fits your needs. This allows both parties to walk away with the cash they need, quickly resolve the situation, and avoid wasting more time and money on a prolonged sale.