Going through a divorce can be a challenging situation. Dealing with the home sale is the last thing you would want in such instances. However, you may be thinking, “I need to sell my house fast in Pittsburgh to move on with my life. Is it possible to get an immediate buyer?” Fortunately, there is a way to sell your house fast. Cash home buyers in Pittsburgh can buy your house within a week. However, the fastest solution relies on the consent of both parties. Read the following guide to know how you can sell your home fast during a divorce.
Don’t Ruin Your Profits
If your partner does not want to proceed with the sale, it’s natural to be angry. In a fit of rage, don’t damage your property. It’ll only ruin your profits when you do sell the house. Act with prudence by approaching the matter legally through the court.
Consider Tax Implications
Selling a house is a capital gain, and you’re liable to pay a capital gain tax of up to 23.8%. However, you are allowed an exemption for up to $250,000, with a married couple getting an exemption of up to $500,000. If you sell the house before the divorce, you can get an exemption for an additional $250,000. Consult your lawyer about how to go forward with selling the home.
Mortgage Payments
If you have a mortgage on the house, repayments are a critical issue while selling the home. If you don’t want the property, you can walk away by letting the partner stay in the house. Otherwise, you can repay the mortgage through the money gained from the sale and split the rest of the profit.
Sell Your House to a Cash Home Buyer in Pittsburgh
Going through the hassle of selling your home while dealing with a divorce is not easy. You may not want to prepare your home for staging, make repairs, and list the property. If you are looking for a better solution, you can sell your house in a week to an investor. They will buy your home in Pittsburgh for cash.
Cash home buyers in Pittsburgh will buy your property in any condition. You don’t need to go through the complex selling process. With a fair offer, you can walk away from the property happily.