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Time Business News
4 days ago
- Business
- Time Business News
Why Sell Divorce Property Fast for Financial & Emotional Wellbeing.
Divorce is not just emotionally draining. It also introduces financial complications, especially when there is a property involved. In Texas, thankfully, divorces are comparatively lower at 1.9 out of 1000, which is much lower than the national average. But that is only a statistic; on a fundamental and individual level, the impact can be cataclysmic. A divorce is more than the dissolution of marriage; it has far-reaching effects on the estranged couples, their children, and their families. Apart from the obvious emotional devastation for all parties involved, finances are heavily impacted as well. Incomes may drop by 50%, and many families move into poverty post-divorce finalization, which can cost an average of $15,000. The solution is to cut ties, and manage assets, wherever possible. If there is property, a quick sale promises to bring emotional closure as well as financial relief to many couples. But that's easier said than done. Jointly owned property itself can become a contentious point, especially if it has a higher value, or there is pre-existing bitterness. Your property can turn into a major pain point during divorce. Here are the reasons. It can be challenging to decide what to do with a property after divorce. This happens due to joint ownership. Disagreement may arise about selling or keeping. Division of proceeds and property valuation can also be sources of conflict. Property tends to hold emotional values due to marital significance and cherished memories. This emotional attachment can be the reason behind both spouses not wanting to let it go. This leads to disagreements and delays. Property division becomes particularly complex if there are financial obligations like loans and mortgages involved. There can also be disputes over financial contributions and ownership. So, it's better to sell a divorce property fast. Property is valued as a symbol of the past by many. It can be the symbol of a past relationship. It can be the place where kids were born. This makes it emotionally challenging to divide a property or sell it. Suppose a couple has agreed to sell their property. However, there can still be delays due to downturns in the real estate market. You may not find a seller wanting to purchase the property for the desired price. You may also face delays if it takes longer to find a buyer in general. Property sales in Houston require navigating a competitive market. You must also follow specific regulations to sell houses in Houston. Successful sales depend on understanding the market trends. A legal requirement is to disclose known defects. You must also adhere to the rules of the Homeowners Association (HOA). You will also have to make sure that there are no instances of discrimination that violate Fair Housing laws. Finally, remember that inventory is growing and prices are going down currently in the Houston real estate market. There has been a fall of 0.7% in the average sales price. Let's look at the financial benefits if you sell divorce property fast. Selling a house will help you turn your asset into cash. This will help you arrange immediate funds for a number of purposes. You will have funds for living expenses and legal fees. You will also be able to pay for other financial obligations involved during divorce. Selling your house can help you eliminate the burden of mortgage payments. You can pay off any outstanding loan amounts with the proceeds from your property sale. You will also be able to avoid the ongoing costs related to insurance and property tax. You will also be able to free yourself from the cost of maintenance. You can sell your house in Houston in as-is condition. This will help you avoid the need for staging and repairs. It means you don't have to spend time, money, and energy getting your property ready for sale. Buyers will purchase your property in the exact condition it is in. Here are the emotional benefits of selling a house quickly during divorce. Your property can be an emotional wound during divorce. So, it is best to address this issue as quickly as possible. It will speed up your healing journey and prevent emotional distress. It is common for individuals to dwell on negative emotions during divorce. Selling your home quickly can help you reduce the time spent on negative emotions. It will reduce emotional attachment and help you let go of the past. This also helps reduce uncertainty and associated anxiety. Legal conflicts and property-related disputes can amplify the emotional toll faced during divorce. Then there is also the distress related to involvement in legal proceedings. So, selling your property quickly during divorce can help you avoid the drama. Here is an overview of the different types of property buyers you will find in Houston. Method Pros Cons Cash Home Buyers . Quick sale . As-is sale . No commission . Lower buying price offer than the market value iBuyers . Fast digital offers . Quick closing . Available only in certain areas Auction Sales . Quick public sale . Competitive bidding . May fail to extract the desired price. Wholesale Investors . Direct selling . Convenient selling . Seed of sales prioritized over maximum price. Table 1: Overview of quick property buyers in Houston Here are the aspects you should look for to ensure that the buyer is trusted. Check if the buyer has a local presence in Houston. It will ensure that they have knowledge of the city's legal processes. Check if the market assessment methods of the buyer are fair. You need to go with the buyers on transparent terms. Check if the buying body has experience dealing with divorce-related property sales. It will ensure that the buying party can help you avoid legal disputes with your spouse. Check if the buying party acts as a promise. Verify if the buyer has the habit of revealing hidden fees or commissions. Verify if the buyer is known for causing delays. Selling divorce property fast can be emotional relief as well as financial freedom. You can focus on handling instead of haggling by selling property. The process becomes easy, from seeking closure and splitting assets. Are you someone going through a divorce and wants to sell your property in Houston? Reach out to quick home buying companies for no-obligation cash offers. TIME BUSINESS NEWS
The Citizen
16-07-2025
- The Citizen
Neighbourhood secret agents are always watching
Tattletale neighbours may be nosy and dramatic, but deep down… they're still part of the neighbourhood family. Every neighbourhood has one. That one neighbour who could single-handedly bring down a mafia ring with the amount of spying and reporting they do. A regular tattletale with the surveillance skills of a retired detective and the subtlety of a foghorn. Meet the nosey tattletale neighbour. They see everything. Literally everything. These local intel agents don't sleep – they recharge while staring at their Ring doorbell footage. They know how many times you opened your garage last week and have already drafted a report on the suspicious length of your cousin's visit. Their hobbies include: Reporting your uncut lawn to the Homeowners Association (via e-mail, with attachments); Alerting the entire neighbourhood Facebook group if your dog barks more than once; and Filing anonymous complaints that aren't remotely anonymous. These neighbours love: Cc'ing everyone on a complaint e-mail; Filing official reports about unofficial happenings; and Calling the non-emergency police line like it's a podcast subscription. You parked half a centimetre onto the pavement? Expect a passive-aggressive note folded with origami-level precision on your windscreen. With a printed photo. Time-stamped. Tattletales don't just observe – they narrate. Loudly. ALSO READ: South African life hacks: A mix of genius, nostalgia and outright madness 'Oh I saw her come home with a different man last Tuesday.' It was your brother. Calm down, Brenda. They stir the pot so hard, it's a miracle they haven't opened their own gossip magazine. They live for drama and if there isn't any, they'll sprinkle some themselves. They say they care about the neighbourhood. But what they really care about… is being right. They want their property value high, their grass greener and your recycling sorted properly. The trick is not to fight them – it's to out-manoeuver them. Want to water your plants in peace? Wear a fake moustache. Confuse their facial recognition software. Hosting a BBQ? Invite them. A well-fed tattletale is a temporarily silent one. Want to drive them wild? Move a gnome two inches every day. Watch them implode. Tattletale neighbours may be nosy and dramatic, but deep down… they're still part of the neighbourhood family. So, give them a wave, smile sweetly and double-check your bins. The suburb's secret agents are always watching. NOW READ: Mzansi & Co: A sitcom South Africans are already living
RNZ News
10-06-2025
- Business
- RNZ News
'It would be foolish to be relying on a council valuation'
The CVs for Auckland's 630,000 homes have decreased by an average of 9 percent. File photo. Photo: 123rf Keep calm and carry on - that is the message for Auckland homeowners after many found out the new council valuations (CV) for their properties today. The CVs for Auckland's 630,000 homes have decreased by an average of 9 percent, alongside an average rates increase of 5.8 percent. Property experts say the drop is unnerving and a tough pill to swallow for many - especially after the highs of 2021 - but that the CV is just a taxation tool and homeowners should not let it influence their decisions. Waiheke Island resident Amanda Wright said the value of her home had dropped $50,000 - down from $1,150,000 to $1,100,000 - about a 4.5 percent decrease. "I don't like that it's gone down, but I thought it would have gone down more, so I'm happy that it's not gone down that much," she said. "But it is a worry. There's that underscore of worry that the valuation's not going to come back up. It's stressful, but I think it's going to be okay." Others had seen a much sharper decline in their valuations, with the council delivering more muted figures after the last round in 2021 when the market was considered to be at a peak. Homeowners and Buyers Association of NZ president John Gray said there was no reason to panic. "People shouldn't be disappointed that their ratings valuations have decreased because it is a taxation tool," he said. "It does not reflect the value of the property insofar as its amenity or condition." Gray said his own home had its CV lowered by a whopping $250,000. To him that was good news. "I'm very happy with that because that's - as I said - a rating tool, so my rates should be less... Well, I mean, obviously Auckland Council is increasing the rates, but in terms of the CV being used as the primary factor in calculating the rates that I will pay, that is reduced," he explained. Property Investors Federation spokesperson Matt Ball said he was not worried about the valuations for his two properties, and expected most investors and landlords to feel the same. "It's only really going to have an impact if you're selling right now. If you are, like most property investors, a buy and hold investor, then you'll be thinking long term," he said. "You'll navigate probably several property cycles throughout your investment career, and this sort of thing really doesn't concern you that much." But Wright said her valuation had given her pause. "Before perhaps the pandemic we were feeling optimistic about our investment and our intention to renovate and possibly sell at some point," she said. "But now it feels, 'oh gosh, have we overcapitalised?' You know, we're a bit more nervous." Wright said she was reconsidering plans to renovate her home, but Gray said homeowners should not let their CV influence their decisions. "It would be foolish to be relying on a council valuation to make any decisions about the value of a property, whether it be for the purposes of doing renovations or building a new home on the site," he said. "Because if you were going to get a mortgage, the banks would want a registered valuation from a qualified valuer." Ball said house prices were ultimately set by the market, and a council valuation could only have so much impact. "I think with these CVs, it might set a bit of a price in a buyer's mind. But really, if you're selling your house, the price will still be what that buyer is willing to pay," he said. "So no, I don't think this really is going to affect the market. The market is probably moving ahead of where the CVs are." Sign up for Ngā Pitopito Kōrero , a daily newsletter curated by our editors and delivered straight to your inbox every weekday.
CBS News
24-05-2025
- General
- CBS News
Residents rally against proposed waste site near Miami Executive Airport
Dozens of concerned residents gathered Friday afternoon in West Kendall to protest a proposed waste transfer station. Residents were voicing fears over potential pollution, health risks and aviation hazards near the Miami Executive Airport. Community pushback grows Chanting "No waste station!" and "Go away from Kendall!" crowds lined the intersection of SW 136th Street and SW 137th Avenue near the Venezia Lakes subdivision. The proposed facility, which would process solid waste, is under review by the Miami-Dade County Commission. "We just want to get the attention of the commissioners, all commissioners," said Joe Gagliano, a member of the Venezia Lakes Homeowners Association Board of Directors. The HOA board helped organize the rally, encouraging neighbors to raise awareness and distribute information about the project. "Sign the petition to stop the dump," one protester shouted through a bullhorn as others passed out flyers to drivers and nearby gas station customers. One resident held a banner displaying the HOA's website and a QR code linking to additional information about the community's concerns. Health, safety and environmental concerns Homeowners say the waste station could impact quality of life in multiple ways, from attracting birds and increasing the risk of bird strikes at the nearby airport to polluting air and groundwater. "I get sick over the thought of thinking about that our residents are going to be exposed to this kind of danger if the project proceeds," said Julio Forte, HOA board president for Venezia Lakes. "It's very scary for me because I don't know what it's going to do to the ground water," added Doreen Peterson, a resident. "I don't know what it's going to do to the air. I don't know what it's going to do to anything. And I'm a grandmother. I'm a mother. I'm concerned for my children and the generations to come." Other residents urged county officials to take more time with the proposal. "We just need more information and more time with it," said Velma Hernandez. Calls for alternative locations Opponents argue the project doesn't belong so close to densely populated areas and schools. "Let's look at other options," Gagliano said. "But (let's) not (build it) in communities anywhere." "(Developers) could go further west where there's no communities," Forte added. "They're trying to build this around seven different communities within a five-mile radius. There's more than 18 schools." Miami-Dade County Commissioner Kionne McGhee told CBS News Miami last week he has "deep concerns" and doesn't believe the project is a good fit for the neighborhood. The property owners behind the proposed site did not respond to requests for comment.
Yahoo
13-03-2025
- Business
- Yahoo
Local woman says fight with HOA over $400 cost her family their home
A Union County woman says a dispute with her Homeowners Association (HOA) over a few hundred dollars in unpaid dues cost her family their home. Taylor Sanders was living in Weddington Hills in 2020. She admits she owed dues to her HOA. According to HOA records, she owned $400. 'They said it hadn't been paid for a year,' she explained. MORE ACTION 9: Builder turns over HOA to homeowners, some neighbors clash The HOA sent her multiple letters, but she told Action 9 investigator Jason Stoogenke she never received them. Then things snowballed. In February 2021, the board got a lien on her property. Then in April, it sent her a letter, saying she owed about $1,200 and that it was going to start foreclosure proceedings. 'I thought it was a joke,' she said. It wasn't. According to county records, her 3,300-square-foot home sold for $49,000. She says just like that, it was gone. 'Oh my God. It's devastating for my children,' she said. 'I don't wish this on anyone.' Records show the person who bought the house turned around and sold it five months later for $850,000. Stoogenke reached out to the HOA's attorney to see if he wanted to add perspective but didn't hear back in time for this report. MORE ACTION 9: Condo owner sues HOA over Ring camera, loses, has to pay $73K Sanders wants to warn other homeowners so they take any legal threat from their HOA seriously. 'This is just the beginning. I want to make sure I educate other people. I want to make sure they know about it. I want them to know their rights,' she said. North Carolina legislators are considering a bill to give homeowners more recourse. For example, if a homeowner owes money, the board could still get a lien on the property and start foreclosure proceedings, but it would have to meet certain criteria first. But there hasn't been any movement on the bill since last May. VIDEO: Family says HOA had no authority to give easement for trail, sues Village of Marvin to give it back
