Spouses in South Carolina have a right to all marital property. Marital property is all the properties you acquired during the marriage till the date of filing for divorce. It doesn’t matter if the family home you bought during the marriage is only under your name; your partner also has a right to it. If you find it difficult working with your spouse during the process, the court will take over the process.
That said, we have come up with this article to enlighten you on divorce and real estate laws in South Carolina. Let’s explore more.
Selling Your House After A Divorce
When going through the court process, you will be required to state your marital property, and non-marital property before the sharing process starts. All marital properties will be shared in a fair and equitable manner, but not necessarily 50/50 between you and your partner. For non-marital properties, they belong to the real owner that purchased them.
Factors to Consider When Dividing Marital Property
The Real Owner Of The Property
Age And Health Status
The Earning Power And Financial Conditions
Selling Your House after Dividing the Property
Weddings can be an exciting moment. Going through a divorce or separation is not so exciting and can be financially and emotionally draining. In fact, divorces can be particularly difficult when you are trying to divide your marital property. It is not always easy to determine who owns the property.
To prevent bad memories, it is advisable that you sell the house given to you during the divorce and get another one. In fact, this is the best thing you can do if you value your mental health. However, many people are often afraid to do this because of the stress involved in getting the process done. Of course, selling your house requires time and patience. You will have to go through different buyer’s offers before you finally decide. With this, it could take weeks and even months if you do not know what to do.
To make life easier, you should sell to us at Sell Your House Fast- GSAP. We buy houses Spartanburg SC, and will make home buying a seamless and easy task for you. We understand what you are going through and won’t stress you any further. We will buy your houses in as-is condition. You don’t have to spend a dime on clean up and repairs. There are no inspection or commission fees. Our simple process gets cash in your hands quickly.
Feel free to schedule an appointment with us. We excitedly anticipate your call.