Who Gets the House in a Divorce in Omaha, NE

April 27, 2017 • Owen

Divorce brings a toll on everything in your life – you are suddenly single, you need to decide how you will divide your belongings, kids, pets and, of course, who gets the house in a divorce. It’s an emotional and stressful process that sometimes takes years to end – but it doesn’t have to be.

In this article I will talk about who gets the house in a divorce, divorce property settlement, what happens to the house during the divorce process, who gets what and marital home rights.

Are you ready? Let’s go!

who gets the house in a divorce

Let’s start at the beginning.

HowStuffWorks defines 3 steps of divorce:

  • Separation
  • Divorce property settlement
  • Child support and alimony

In this article, we will look at step number 2 bit closer.

Who Gets The House In A Divorce?

Also known as divorce property settlement.

Normally, properties are categorized in two different types: Marital, and Separate.

Separate property

Please note that the definitions of Separate Properties vary by state, but normally, Separate Property refers to properties owned by the person before the marriage, a property you have inherited before or after the marriage or a property which you have received as a gift.

When you add your spouse as a co-owner of the property, you lose the Separate Property status – the property is now Marital Property.

Marital Property

Here’s how GalTime defines Marital property:”Marital Property consists of all income and assets acquired by either spouse during the marriage including, but not limited to: Pension Plans; 401Ks, IRAs and other Retirement Plans; Deferred Compensation; Stock Options; Restricted Stocks and other equity; Bonuses; Commissions; Country Club memberships; Annuities; Life Insurance (especially those with cash values); Brokerage accounts – mutual funds, stocks, bonds, etc; Bank Accounts – Checking, Savings, Christmas Club, CDs, etc; Closely-held businesses; Professional Practices and licenses; Real Estate; Limited Partnerships; Cars, boats, etc; Art, antiques; Tax refunds.”

wondering who gets the house in a divorce

When is Separate property considered Marital Property?

Some states will also differ between Active and Passive Appreciation when it comes to Separate vs. Marital Property.

Active Appreciation simply means that your partner contributes directly or indirectly to the house income.

Passive Appreciation is a bit more complicated. If you used any of your marital income on your personal property, it can be considered as a marital property.

So who gets what?

When dividing your assets, these things are taken into consideration:

  • How long your marriage lasted
  • Separately calculated income of the spouses
  • Living style and standards
  • Your emotional and physical health
  • Financial situation after the divorce
  • Custody needs

feeling divided on who gets the house in a divorce

Divorce takes time and it involves more than just you and your spouse. When you’re dealing with divorce property settlement, it’s best to hire a divorce lawyer. However, by doing so it makes it impossible to predict who will get what, including who gets the house in a divorce.

When should you take your divorce to court?

Hire a reputable divorce lawyer first – they will do their best to help you settle things in a civilized matter. If your spouse is not cooperating or refuses to get in contact, that’s when you should consider taking divorce to court.

I also suggest taking a look at The Uniform Marriage and Divorce Act which looks closely at property settlement laws for eight states as well as child custody, the division assets and more. All your questions about who gets the house in a divorce will be answered.

What about divorce house buyout?

In a buyout, you will first have to determine the value of the house.

The easiest and simplest way to determine the value of the house is to sit down with your spouse and agree on it – however, it is hardly ever that simple. Again, this is where your divorce lawyer or your financial advisor will be able to help you.

deciding who gets the house in a divorce

Can I be forced to give up the house?

In order to avoid having to give up the house, you need to make sure you agree on some kind of a financial settlement. This is where a buyout comes into play. If you’re financially unable to fulfill the court requests, the best option is to sell the house and opt out to buy a house with a smaller value.

The court often also takes the welfare of your children into consideration – often the children stay in the family home due to the number of assets, the lifestyle and the courtesy of causing as little disrupting as possible.

So what should my first steps be?

Firstly, I suggest sitting down with your spouse and really talk about who gets the house in a divorce. Determine how you will divide your assets, think of custody and property settlement. If a decision has been made or in the case of no cooperation, your next step would be to contact the divorce lawyer and determine whether you need to take things to court.

Divorce is a complicated process and often the most stressful time for most people. Think clearly and don’t make any quick decisions, especially if you have children. If possible, make sure that things are fair and understandable for both parties.

Thinking of selling your house after the divorce?

Give us a call on 402-578-4003 – we buy houses and give you a cash offer within 24 hours – your house could be sold in a week! Moving on has never been this easy. Are you worried about repairs? Don’t be – we will take a house in any given state.

We’ve helped hundreds of homeowners sell their Omaha houses. Give us a call on 402-578-4003 to receive your first quote! We will answer any real estate questions you might have.

How to Find a Cash Buyer For Your Omaha House

April 20, 2017 • Owen

You’ve decided you want to sell your house for cash in Omaha. Now it’s time to find a cash buyer. I’m going to show you how to find a cash buyer for your Omaha house.

In my previous articles, I talked about the benefits of selling your home to companies that buy houses as is for cash. But do you really know how to find a cash buyer for your Omaha house?

Guide for How To Find a Cash Buyer

how to find a cash buyer when selling a house

When looking for a buyer, always do an extensive search and find all options before making a decision. This will ensure that you will end up selling your house to a person or a company you actually trust.

Real buyers are just as reliable as any real estate agent, if not even more. But you just have to know these tips and tricks on finding the safest and the best in the business.

Best websites on How To Find a Cash Buyer

The first thing most people do when trying to find a house investor is using the ‘find a cash buyer’ keyword. But why do that when you can go directly to these sites, search for companies that buy homes and sell your house fast?

websites on how to find a cash buyer

Craigslist

Although Craigslist often has a bad rep for being unsafe, it’s an incredible website when you want to find investors. And you CAN do it in a safe way.

BiggerPocket’s article on Finding Buyers on Craigslist offers a fantastic insight on everything you need to know about home investors on Craigslist.

In a short summary, the article explains that the best way is to search in the ‘real estate wanted’ section as well as post your own ad. It identifies two types of Craigslist’s investors – passive and aggressive. This is how to find a cash buyer fast.

With a passive way (creating a simple ad stating your business), he suggests using WuFoo which allows you to create simple forms to keep your potential buyers organized.

And here’s how to find cash buyers on Craigslist’s effectively using the aggressive method:

  • Write down all house buyers and call them.
  • State what you’re looking for and give all necessary information – use this to create a list for the future.
  • Ask them if they are cash house buyers – if they say yes, BINGO – you found them.

Check the Yellow Pages

check yellow pages on how to find a cash buyer

This might be an old-fashioned way, but yellow pages always have a real estate section where you’ll be able to find the oldest and some of the most trustworthy cash buyers in Omaha. Here’s the link to the Omaha yellow pages where you can search for the ‘cash house buyers’ and find all relatable services. Then all you need to do is give them a call and arrange the whole process. And if you decide to go with Red Ladder Property Solutions, your house can be sold for cash in less than a week!

How To Find a Cash Buyer: Other Sources

We’re not even close to being done yet. When it comes to real estate, some of the best opportunities can be missed due to focusing solely online. Here’s a few ways to learn how to find a cash buyer in Omaha without having to use the internet:

Omaha Real Estate Investors Association

SAREIA might have some answers you are searching for. Think of it as a database for investors – not only will you be able to find your cash buyer, you will also be able to network with other likeminded investors. It’s a fantastic way to get insight into the real estate business and ask all questions you might have – you will find people who have already gone through the house selling process, probably more than just once.

 

Check out the ‘we buy houses’ signs

Omaha has a lot of ‘we buy houses’ signs that have probably grabbed your attention before. But have you ever tried dialing the number and seeing what happens? When calling a potential buyer, they’ll be able to answer any questions you might have about their company and the entire house buying process in general. It’s the best way to establish a relationship quickly and effectively.

Ask local real estate agents

Similar to the aggressive Craigslist option, you can also ask local real estate agents if they know of any potential buyers in Omaha. While most might not want to give you information that can drive away their business, you can find honest real estate agents that are just passionate on the subject and willing to help you out. You never know – maybe some work as a buyer on the side!

Word of mouth

talking about how to find a cash buyer

Have you ever wondered if your neighbor might be the one that has a good house buying business? It never hurts to ask your neighbors if they know someone – sometimes the business is so good and local you don’t even need to advertise it.

Always ask around – talk to your family, tell them to ask at their workplace or simply go to the locals in the area. If you know someone who has been living in Omaha for a very long time, they will probably know a few tricks of the real estate trade. And hey, you’ll also make some new friends along the way.

We buy houses!

Still not happy with your choice? Don’t forget – you already are on the blog of a cash house buying company, Red Ladder Property Solutions. Not only do we offer cash for your house, we are also giving you all necessary insight into the real estate business. Whether you have questions about relocation, divorce, stopping a foreclosure, renting out your house or you just want to know more about selling your house fast, just browse through our blog.

We buy houses in Omaha and can make you a deal in less than 1 day. We buy houses in record time – as little as two days! Got repairs? It doesn’t matter!

Fill out this fast cash offer form and we’ll give you a call with an offer – your house could be easily sold in less than a week without any hassles. We’re also able to answer any questions you might have on real estate in general.

Categories: We Buy Houses

Selling a House As Is

April 13, 2017 • Owen

Selling a house as is to a buying company

There are numerous reasons why a homeowner might want to sell their property as is. Two of the most commonly stated reasons for selling a house as is is due to money and time consumption. Some owners may be financially strapped and unable to make the major repairs required to sell in peak condition. Others consider selling a house as is to ensure a speedy sale. Even with the assistance of realtors and other professionals, it’s not uncommon for sellers to see their property on the housing market for months at a time. The time wasted on market can be detrimental to a seller’s pockets.

find selling a house as is

How to Go About Selling a House As Is

If you seek the advantages of selling your home as is, looking for a dependable house buying company is a must. Selling a fixer upper can require too much labor for most homeowners. Thankfully, house buying companies specialize in buying properties that need major renovations. While other potential buyers will nitpick at your home’s flaws, house buying companies welcome them. This allows homeowners to forgo making expensive repairs before the sale, effectively saving money and time. Homeowners don’t have to worry about buyer complaints after closing either. If you’re considering selling a house as is, finding the right house buying company for you is essential.

Finding the Right House Buying Company

When conducting research on house buying companies, it’s hard not to stumble on “We Buy Houses” advertisements. From the yellow pages to signs planted on the side of busy streets, the popular slogan can be found seemingly everywhere. House buying companies use this line almost exclusively to advertise their unique ability to buy houses outright, without repairs or making any warranties. If you’re selling a house as is, the issue becomes sifting through a vast selection of companies and choosing the best one that will suit your needs.

There are a few key suggestions to keep in mind when choosing to sell your property to a house buying company. These suggestions will allow homeowners to receive the best price and customer service during closing. Remember, a house buying company gives cash offers based on fair market estimates by comparing your home to others in the region in similar condition. This requires house buying companies to extensively research the market area and stay up to date on regulations and procedures that will assist in closing. If a potential company doesn’t seem more knowledgeable about the selling and buying process than you, maybe they’re not a top house buying candidate.

Keep It Local

selling a house as is to local buyers

Another suggestion to keep in mind when picking out the right house buyer company is location. Much like the small business craze sweeping the nation, localized companies offer major benefits to homeowners needing to sell. Local companies have the advantage of knowing the area better, giving homeowners a more accurate estimate when drawing up the cash offer. They have a better grasp on the local housing market. This insider knowledge is pertinent to receiving a better offer for your fixer upper. Many nationwide companies are notorious for low balling sellers to account for unknowns. Local house buying companies know the terrain and aren’t afraid to trek it with a hesitant homeowner.

Local house buying companies also are typically smaller. Unlike national companies, local companies give the added advantage of working with the same buyer continuously. Choosing a local house buyer company means cutting out the middle man. This allows homeowners to earn more money when they sell, avoid hassles, and work with someone that actually knows their neighborhood. It’s a win-win situation for homeowners and small businesses alike. If there’s a choice, always go with a local cash home buying company.

Communicate with the Buyer Directly

Find out who you are working with when selling a house as is.

Although this may sound like common sense, communicating with the house buyer directly is another suggestion homeowners should consider. When on the search for the right house buyer, some sellers may encounter buyers that have no intention in scooping up the property themselves. Sometimes these potential buyers are in league with a network of investors; other times they’re sole intention is to market it to other buyers. No matter their goal, these house buyers can be a nuisance to homeowners needing to sell their house as is.

Homeowners can avoid this added headache by contacting the potential buyer directly. House buying companies offer one name when acquiring a property. That person is responsible for having the necessary funds available to purchase the property. They’re also the individual who can walk away without consequence if a deal falls through. To keep the worst case scenario from occurring, develop line of communication with the person buying your home. Ask the representative from the house buying company if they’re closing on your property themselves. Have them confirm they’re the actual buyer and not a substitute. When it comes to knowing how to sell a house as is, you want to work directly with the cash home buyer.

selling a house as is

Check Out the References

One of the most valuable suggestions homeowners should heed when choosing a house buying company is asking for references and testimonials. If they’re not easily located or readily available online, ask the company’s representative to send a few your way. No, you’re not inconveniencing the representative and it shouldn’t take relatively long. A professional house buying company will not object to verifying that their houses under contract close. If they won’t allow potential sellers to contact the title company they use, the company might have a poor approval rating. If they are unwilling or unable to send an inquiring homeowner references or testimonials, avoid them at all costs. This is a major red flag.

Established companies that treat clients with fairness and respect will have testimonials. Although these are highly biased assessments, the average testimonial will provide a general understanding of the business’s dealings, how transactions were completed, and overall success rate.  Don’t be afraid to ask; references and testimonials will provide insight sellers can’t afford to ignore.

Sell My House As Is

selling a house as is fast

Though selling a house as is can seem daunting, selling to a house buying company can be time and money saving. Utilizing a house buying business helps homeowners avoid buyer complaints after closing while receiving the best price for their property. If you’re overwhelmed by the plethora of companies out there, consider location, the direct buyer, and references and testimonials before choosing the company for you. Remember, not all “We Buy Houses” companies are created equal. Making an informed decision will give you the best house selling results.

Selling a House As Is FAST

Red Ladder Property Solutions has made it very simple to sell your house fast and as is in Omaha. You can get a cash offer within 24 hours and close as soon as you if feasible for you. Find out how much we can pay for your house by calling us at 402-578-4003.

Selling a Home for Cash in Omaha

April 6, 2017 • Owen

Many Omaha homeowners are currently considering selling their home for cash to a home buyer. A healthy housing market and the overall economic recovery has created the ideal atmosphere to sell residential properties in 2016. Homeowners are seeking the assistance of real estate agents, third party professionals, and home buying companies to quickly sell their home for cash. But which method is the best for a seller? Who should you contact when selling a home for cash in Omaha?

When homeowners put their house on the market, whether with the aid of realtors or by themselves by declaring a For Sale By Owner (FSBO) status, they want to ensure they’re attracting the best buyers for their property. Potential buyers come in varying shapes and sizes: from individual buyers to investment companies and other businesses. Though the differences are stark between a single buyer and a company interested in your home, both buyers have the ability to offer cash to sellers. There are several advantages and few disadvantages to accepting a cash offer for your home, but having the knowledge to discern between a decent offer and great one will give you the freedom to make the right decision for property.

Benefits of Selling a Home For Cash

selling your home for cash

The Speed of Sale

There are several benefits of accepting to accept selling your home for cash; one of the most desirable advantages to homeowners is the speed of the sale. Typically, most cash home sales are completed within a month from the initial offer due to finance pre-approval. Companies and individual buyers with cash are able to accelerate the closing process to a mere seven days. Closing within a week is practically unheard of when selling on market or to buyers that need finance approval.

When you sell your house for cash, you’re effectively skipping the financing process most buyers must sift through prior to purchase. Communicating with a mortgage lender and acquiring a new loan prolongs the closing process by months. Within that time frame, homeowners are losing thousands on the continual payment of utilities, insurance, and possible mortgages. This time period is extended if the potential buyer is unsuccessful in obtaining a loan from one lender and must seek another. With pre-approved cash buyers, sellers needn’t worry about deals falling through or spending weeks waiting for lender approval.

Homeowners selling their house for cash also receive the added benefit of working with experienced buyers. This experience often shortens a property’s time on market in numerous ways. For one, experienced cash buyers will eliminate the homeowner’s need for a realtor by working with the seller directly. Finding a real estate agent and advertising your property can lead to months on the market before a potential buyer notices your property. When you’re willing to sell your home for cash however, cash buyers are already looking for you and, thus, reduce your home’s time on market. Experienced cash buyers also know the selling process and have a firm grasp on the legality involved. They often provide assistance to first-time home sellers by explaining the process in great detail. This assistance and knowledge can slash weeks off the selling process!

The Convenience of Sale

cash buyers when selling a home for cash

Another major advantage to utilizing the services offered by a cash buyer when selling is the convenience of the sale. The selling process can be especially complex when dealing with realtors. Even if you go the FSBO route, the buyer has the option of using a real estate agent. Although hiring a professional isn’t necessarily a bad idea, it’s one that costs time and money for both parties involved. It’s one of the many reasons why cash buyers avoid dealing with realtors.

If you’re looking to sell your home for cash, you often attract buyers willing to skip the contingencies often associated with selling with a real estate agent. These contingencies include asking for inspections, appraisals, or making major repairs to appease potential buyers. For older properties or fixer-uppers, this can consist of many costly cosmetic updates as well as home system replacements. Realtors, at the request of their clients, often make sellers perform these expensive actions before cementing a sale. However, cash buyers will buy dilapidated properties as is, ensuring a faster, more convenient sale.

Simplifying the Selling Process

Arguably the most beneficial component of selling your home for cash in Omaha is how simple the selling process becomes with the right cash buyer. As stated previously, cash buyers are typically experienced with buying properties needing major repairs. They’re also more experienced with closing quickly compared to the average realtor. This added expertise allows the closing to commence without the major difficulties sellers face with a traditional buyer.

Selling your property with cash buyers mean avoiding unnecessary complications. A lot of buyers experience buyer’s remorse after making pricey purchases. For home buyers, this can mean accusing the previous owner of concealing the poor condition of their home. Sometimes, buyers even fabricate an issue to nullify their home purchase. Remorse can manifest in different ways for buyers. But with cash buyers, homeowners can avoid this convoluted conundrum altogether.

Selling a Home For Cash Pitfalls

problems with selling a home for cash

Of course, selling a home for cash can have its pitfalls too. Some homeowners will not receive the full market value for their home. This isn’t the consequence of a company sending low ball offers, but more of a standard as-is price adjustment. Cash buyers often need to make those costly repairs homeowners can’t afford to make before selling. So a reasonable lower price for your property is to be expected.

Another disadvantage some homeowners experience when they attempt to sell their house for cash is a buyer being unable to provide proof of funds. If a buyer is unwilling or unable to show proof of funds, they may not be able to purchase your property in a timely manner. Often times, these buyers want to tie up your home to re-sell to other investors to make a better profit and are willing to keep your home off the market for extended periods of time. It’s better to avoid these cash buyers altogether if possible.

Even with the few disadvantages described, contacting a cash buyer is the best option when selling your home. The lack of major repairs, contingencies, and buyer’s remorse make up for possibly receiving a lower price for your property. Also, you can avoid the buyer’s lack of funds predicament by asking for proof of funds via a bank statement or general letter of approval. Sellers don’t have to be stuck paying for a home they no longer want by selling to a trusted cash buyer. With a speedier and more convenient process for sellers, homeowners are able to concentrate on moving without the anxiety of finding the right buyer.

Get a Cash Offer For Your House

selling your house fast

With all the added advantages to selling with a cash buyer, you may be wondering, “How do I sell my home for cash Omaha?” The answer is simple. Contact a reputable home buying agency. With one quick survey, you can be on the receiving end of a fair cash offer within the week! Red Ladder Property Solutions is a trusted cash buyer with more than a decade experience buying homes while offering free selling advice to homeowners in need. If you’re interested in selling to a cash buyer, let us help make your selling process a fast, convenient, and simple experience today!

Selling a home for cash is definitely an option you should consider. Skip the real estate agent fees and hassles. Find out what you can get for your house. Call Red Ladder Property Solutions at 402-578-4003.