You might currently not like the fact that you are on the verge of divorce, yet you need to take the next step and move on with your life. In such a condition, you must not make any mistakes. Seek professional help from the right people, and in case you want to sell your house after property settlement, Spartanburg, you should sell directly to only cash home buyers. By doing this, you will maximize your profit and sell the property without wasting any time.

To make life easier, it is advisable that you sell your property to Sell My House Fast – Greenville Spartanburg – Anderson – Pickens, a professional cash home buyer in Spartanburg. We buy houses, Spartanburg, SC, and understand what you are going through. We will not waste your time. Instead, we will go ahead to put cash in your hand and close the sale in as little as 72 hours. The most interesting thing is that we will buy your property in as-is condition. That is, you don’t have to spend extra on expensive repairs before you can sell at an attractive price. We are always ready to buy whatever real estate property you have to sell.

That said, we have come up with this article to enlighten you on what you can do with your property if you are going through a divorce Spartanburg. Let’s explore more.

Important Facts You Should Know Before Filing For Divorce In South Carolina

The division of property can be one of the most contentious issues that will come up when a couple gets divorced. Oftentimes, money and finances are major reasons for the divorce in the first place, and reaching a workable agreement between the spouses on how to divide the property can be complicated. However, in a case like this, the court will be the one to make decisions.

It is worthy to note that South Carolina is not a community property state. That is, the property is not automatically divided equally between the spouses.

How Does The Court Decide The Division Of Marital Property?

As said earlier, South Carolina is an equitable distribution state and not a community property sale when it comes to the division of property and debts between the divorcing spouses. The judge will decide about what is equitable and fair.

The factors the judge will consider are:

• The value of the property being divided.
• The length of the marriage.
• The income of each spouse and earning capabilities.
• The contribution of each spouse to the marital property.
• The amount of alimony awarded to a spouse, among other factors.

However, the division of property does not have to be equal. The judge will determine what is fair for each party. Only marital property will be considered for division during the divorce proceedings. Property acquired by either spouse before marriage or received as a special gift or inheritance may not be subject to division during divorce.

Reaching A Mutual Agreement On Property Division

As you can see, dividing marital property can be a more complex process than what you imagine. For this reason, it is advisable that the divorcing spouses negotiate a settlement that works for everyone with their attorneys. You and your spouse understand what each piece of property and asset means to you more than the court. Hence, it will be better to settle things among yourselves instead of putting it all on the court’s decision. This, of course, requires a willingness to work cooperatively and to compromise on some things. If you and your spouse are willing to do that, then dividing the marital estate can be less stressful and costly.

Wrapping Up

One thing that can make the divorce process complicated is for spouses not to agree on how to divide the marital property. Since the only marital property is considered as part of the equitable distribution. Generally, marital property is the property that was acquired during the marriage, even if it is only in one spouse’s name. Non-marital property, on the other hand, is the property that was acquired before the marriage. However, some property that was received during the marriage may be non-marital. Examples of this type of property include gifts or inheritance that went to just one of the spouses.

Basically, you have no control over your marital property during a divorce. Even if you sell it, the proceedings you get are still regarded as marital property and will be divided fairly between you and your spouse.

However, after the property settlement, Spartanburg, you can decide that you don’t want the property again. In this case, you can consider selling for cash. For what it is worth, you should never be tempted to sell at a price below the market value. This is why it is advisable that you sell to us at Sell My House Fast – Greenville – Spartanburg – Anderson – Pickens. We buy houses Spartanburg, SC, and are ready to close the sale with you without wasting your time. Work with us, and let us put a smile on your face. You deserve it.