Going through a divorce is one of the most difficult things a person can endure, so it’s important to protect yourself from any more headaches and heartaches than are necessary.
In part one of this article, we discussed the three main options a divorcing couple has for their home and how to be realistic about finances. Today we’re delving into your long-term well-being and the opportunities that come with cash.
One of the best things you can do if you’re going through a divorce is to zoom out and examine the bigger picture. Honestly evaluating how your current decisions will affect you long term is the best way to ensure happiness in your new phase of life.
If you keep your home during the divorce and sell years down the road, you may be responsible for the capital gains tax bill that would have otherwise been split with your ex-spouse. Selling now to people who buy homes in Tampa, FL can mitigate that risk.
Another thing to consider is how you may feel about the home in a year, two years, or ten years. Right now, you may subconsciously want to hold onto some semblance of the life you knew, which manifests in the desire to keep your home.
However, as time passes, you may feel differently. You’ll become less attached to the happy memories and perhaps even plagued by how the house reminds you of the bad times. For example, you might be in your living room enjoying a nice movie and all of a sudden flashback to the time you and your ex fought in that same living room. Sometimes a clean slate is best for starting over.
Speaking of starting over, cash can be incredibly helpful in that endeavor. Whether you need it for legal fees, replacing shared furniture, rent, or a downpayment on a new home, it’s nice to not feel like you’re living on your last dime.
Though money can’t heal the heartaches of your separation, it can provide you with a sense of security during these tumultuous times.
Ready to sell your home? The next step is finding people who buy houses in Tampa, FL. And when we say “people,” we mean good people!
You may be ready to sell your home for cash, split the profits with your ex, and start fresh; however, it’s important to make sure you’re getting the cash you deserve. Why settle for less?
That’s where Ethical Home Buyers comes in. As our name may suggest, we pride ourselves on truly helping people who are in search of a quick and hassle-free home selling process. But don’t take it from us—check out our many testimonials!
Ready to be our next success story?
Disclaimer: This website is not a substitute for legal advice. If you have a serious legal, tax, or other issue requiring professional advice, please consult with an attorney or CPA.