Selling A House During A Divorce In Tennessee

Divorce is a challenging and emotional process, and when it involves selling a house, the situation can become even more complex. For many couples, their home is their most significant asset, and deciding what to do with it during a divorce requires careful consideration. This guide provides essential information on selling a house during a divorce in Tennessee and explores how New Horizon Home Buyers can help streamline the process.

Understanding the Role of Property Division in Tennessee Divorce

1. Equitable Distribution in Tennessee

Tennessee is an equitable distribution state, meaning that marital property is divided fairly but not necessarily equally. The court considers various factors, such as the length of the marriage, each spouse’s financial situation, and contributions to the marriage, when determining how assets, including the family home, should be divided.

2. Marital vs. Separate Property

It’s essential to distinguish between marital and separate property. Marital property includes assets acquired during the marriage, while separate property consists of assets owned by either spouse before the marriage or obtained through inheritance or gift. The family home is typically considered marital property if purchased during the marriage.

3. Options for Handling the Family Home

Couples have several options when it comes to dealing with the family home during a divorce:

One Spouse Keeps the Home: One spouse may choose to keep the home and buy out the other spouse’s share.
Sell the Home and Split the Proceeds: The couple may decide to sell the home and divide the proceeds equitably.
Co-Ownership: In some cases, ex-spouses may agree to retain joint ownership of the home temporarily, especially if children are involved.

Selling A House During A Divorce In Tennessee

We Buy Houses In Tennessee
Sell Your Home Without A Realtor!

At New Horizon Home Buyers, we specialize in buying TN houses directly from owners who want to sell their home fast for cash without using a realtor. Here’s how our simple home selling process works…

Step 1

FILL OUT THE FORM

Buy my House During A Divorce In Tennessee

Fill out the form to give us some basic information about your property.

Step 2

GET YOUR CASH OFFER

selling your House During A Divorce In Tennessee

We will contact you to discuss your cash offer with NO Obligation to accept.

Step 3

GET PAID

cash for House During A Divorce In Tennessee

We schedule a closing date that works for you and you get paid!

Property Address*
Street Address Address Line 2 City State ZIP Code
Phone*
Email*
Name
This field is for validation purposes and should be left unchanged.

Selling the House: What You Need to Know

1. Timing the Sale

The timing of the sale can significantly impact the outcome. Selling before the divorce is finalized may simplify the process by providing liquid assets to divide. However, waiting until after the divorce is finalized may allow one spouse to stay in the home temporarily, especially if children are involved.

2. Valuing the Property

Before selling, it’s crucial to determine the fair market value of the home. This can be done through a professional appraisal or by consulting with a real estate agent. Knowing the value of the home helps ensure that both parties receive a fair share of the proceeds.

3. Preparing the Home for Sale

To maximize the sale price, the home should be in good condition and presented in its best light. This may involve making necessary repairs, staging the home, and keeping it clean and clutter-free during showings.

4. Choosing the Right Sales Method

There are several ways to sell a home during a divorce:

Traditional Sale: Listing the home with a real estate agent is the most common method. However, this process can take time and involve fees.
Cash Sale: Selling to a cash buyer, like New Horizon Home Buyers, can expedite the process and eliminate the need for repairs, showings, and agent commissions.
Short Sale: If the home’s value is less than the mortgage balance, a short sale may be an option, but it requires lender approval.

5. Splitting the Proceeds

Once the home is sold, the proceeds must be divided between the spouses. The split is typically based on the court’s determination of equitable distribution, which may not be a 50/50 split. Both parties should ensure they understand the tax implications of the sale and consult with a financial advisor if necessary.

We Buy Houses Without The Hassle

Competitive Cash Offer

We will work with you to make a fair cash offer for your home that’s a win-win for everybody.

No Fees Or Realtor Commissions

We buy the house directly from you. There are no realtors involved which means no realtor fees.

We Pay Closing Costs

We pay the closing costs associated with selling your property so you don’t have to.

Fast / Flexible Closing Dates

You have total flexibility to choose when you want to close. Sell your house fast or take your time. It’s up to you.

No Cleanup Needed

Don’t worry about cleaning up the home or fixing anything. We will buy your house totally as-is.

Got Another Offer? Let Us Try & Beat It!

We can often offer more than other cash home buying companies. There’s no obligation so what do you have to lose?

Cash Home Buying Company In Tennessee

“My wife and I recently sold an investment property to New Horizon and we could not ask for a better experience. Erik was incredible to work with and made each step of the process smooth and easy. Looking forward to working with them again!”

–Matthew Bonadies

Challenges of Selling a House During a Divorce

1. Emotional Stress

Selling a home during a divorce can be emotionally draining, especially if there are fond memories associated with the property. Both parties need to remain as objective as possible during the sale process.

2. Disagreements Between Spouses

It’s common for divorcing couples to disagree on issues related to the sale, such as the listing price, the timing of the sale, or whether to accept an offer. These disagreements can delay the process and add to the stress.

3. Financial Strain

Divorce can strain finances, and the costs associated with selling a home (repairs, staging, real estate commissions) can add up. Selling to a cash buyer can alleviate some of this financial burden.

4. Impact on Children

If children are involved, the sale of the family home can be particularly challenging. It may mean moving to a new neighborhood, changing schools, and adjusting to a new routine. Both parents should prioritize their children’s well-being during this transition.

Why Pay Thousands In Agent Fees?

We Buy Houses For Cash In Tennessee

Why not request a Cash Offer from New Horizon Home Buyers before you sign a 6 month listing agreement to sell your house with a realtor? We will get you an offer quickly so you can make an informed decision about selling your home. The entire process is 100% FREE and there is no pressure to accept our offer. You have nothing to lose! Compare selling to us vs. selling with a realtor.

How New Horizon Home Buyers Can Help

At New Horizon Home Buyers, we understand that selling a house during a divorce is a sensitive and challenging process. Our goal is to provide a stress-free, straightforward solution that helps both parties move forward with their lives.

1. Fast and Fair Cash Offers

We buy houses in Tennessee for cash, allowing you to sell your home quickly without the hassles of the traditional market. We’ll make a fair, no-obligation cash offer based on the current condition of your home, and you can choose the closing date that works best for you.

2. No Repairs or Cleaning Required

Selling a home through traditional methods often requires repairs, cleaning, and staging, which can be time-consuming and costly. When you sell to us, you don’t need to worry about any of that. We buy homes as-is, saving you time, money, and stress.

3. No Realtor Commissions or Fees

When you sell to New Horizon Home Buyers, you won’t pay any realtor commissions or closing costs. The offer we make is the amount you’ll receive, which can be especially beneficial during a divorce when finances are tight.

4. Flexible Closing Timeline

We understand that divorce can create uncertainty, and you may need flexibility when it comes to closing the sale. We can close in as little as a week, or we can work with you to set a closing date that fits your timeline.

5. Supportive and Compassionate Service

We’re here to support you throughout the process. Our team is experienced in handling divorce-related sales, and we’re committed to making the experience as smooth and stress-free as possible.

We Can Buy Your House Fast In TN

Get your fair cash offer to sell your home quickly and without the hassle.

Property Address*
Street Address Address Line 2 City State ZIP Code
Phone*
Email*
Email
This field is for validation purposes and should be left unchanged.

Google Reviews

Frequently Asked Questions

1. Can we sell the house before the divorce is finalized?

Yes, you can sell the house before the divorce is finalized. In some cases, this can simplify the property division process by converting the home into liquid assets that are easier to divide.

2. What if my spouse and I can’t agree on the sale?

If you and your spouse can’t agree on the sale, the court may intervene to make a decision. In the meantime, consider working with a mediator to reach an agreement. Selling to a cash buyer like New Horizon Home Buyers can also help expedite the process and reduce disagreements.

3. How is the sale of the house divided in a divorce?

The proceeds from the sale are typically divided based on the court’s determination of equitable distribution. This may not be an equal split and will depend on various factors, including each spouse’s financial situation and contributions to the marriage.

4. Do I have to make repairs before selling?

If you sell your home through traditional methods, you may need to make repairs to attract buyers. However, if you sell to New Horizon Home Buyers, no repairs are necessary. We buy homes as-is, regardless of their condition.

5. How quickly can we close the sale?

When selling to New Horizon Home Buyers, we can close in as little as a week. However, we’re flexible and can work with your timeline to ensure a smooth transition.

Get Started with New Horizon Home Buyers

If you’re going through a divorce and need to sell your house in Tennessee, New Horizon Home Buyers is here to help. We offer a fast, fair, and stress-free solution that allows you to move on with your life as smoothly as possible.

Contact Us Today

Reach out to us at (423) 509-8393 or fill out our online form to get started. We’ll provide a no-obligation cash offer and guide you through the entire process, making it easier to navigate this challenging time.

Why Choose Us?

Selling a house during a divorce doesn’t have to be complicated. With New Horizon Home Buyers, you can sell your home quickly, without repairs, fees, or stress. Contact us today to learn how we can help you during this difficult time.

Buy My House In Tennessee

Tennessee

Home Buyers In Tennessee

New Horizon Home Buyers – We Buy Houses – Sell My House Fast
651 E 4th St. Suite 200, Chattanooga, TN 37403
423-509-8393

More Resources

How Much Is My House Worth In Tennessee	As Is Cash Home Buyers In Tennessee
Selling A Home Without A Realtor In TN	How To Sell Your Home During Bankruptcy In TN
A Guide To Selling A House By Owner In TN	Selling A House During A Divorce In Tennessee
Sell A House With Back Taxes Or Liens In TN	How To Sell A Fire Damaged House In TN
A Guide To Selling An Inherited House In TN	How To Sell A Fixer Upper House In Tennessee
Cash Home Buying Companies In TN – Are They Legit?	Sell Your TN House While Behind On Mortgage Payments
We Buy Apartments & Multifamily Properties In TN	How To Sell Your Land In TN – We Buy Land In Cash!
How To Sell A Hoarder Home In Tennessee	We Buy Cabins And Vacation Rentals In TN
We Buy Mobile Homes In TN For Cash	We Buy Lake Houses And Vacation Homes In TN
How To Sell A House With No Equity In Tennessee	How Much Does It Cost To Sell A House In Tennessee
Selling A Home In Probate In Tennessee	How To Sell Your House To An Investor In TN
Sell Your House To Stop Foreclosure In TN	We Buy Self Storage Facilities In Tennessee
We Buy Rental Property Portfolios In Tennessee	Selling A House To A Direct Home Buyer In TN
We Buy Mobile Home Parks In Tennessee	How To Sell Your House To An iBuyer In Tennessee
Sell Your Rental Property With Tenants In TN