Hard economic times often take a toll on families, marriages and relationships. Real Estate Professionals are increasingly hearing of a trend - which may remind folks of the movie, "War of the Roses."

Current real estate market conditions have some divorcing couples looking to separate their lives, but realizing they can't afford to live apart until their home is sold. 

Unlike a few years ago, when many homeowners had loads of equity to share, and really good credit, current times are providing many glimpses of reversal of fortune.

If you are one of those couples, and need to continue co-habiting until you get the house sold, and shore up your financial situation better, there are things you can do to make life a little easier for yourselves in the interim.

It is also important to understand that staying together can actually have a positive effect on marketing your home.  Home Buyers have become quite sophisticated in recent years, and have a knack for sniffing out signs of Sellers in distress.  Seeing that a couple continues to be together in a home can remove a bit of the appearance of distress - even if it is painful for you!

If you are a divorcing couple and find yourself in a forced cohabitation situation until your home sells, there are a few things that you can do to make the experience a little easier.

1) The two of you should sit down and discuss your situation as peacefully as possible.  Perhaps putting yourselves into a mindset that you will continue as roommates for a few months until the house is sold.  You are together in the house in the physical sense - even though the emotional sense has changed. 

(2) Negotiate with each other the mortgage payments, utilities, and other household expenses, and address the duties for upkeep.  Doing this early on, will help alleviate problems from popping up in the midst of this living arrangement - which weren't addressed early on. 

(3) If there are children in the home, please put the children and their well being first and paramount in your consideration.  Doing so, will help you focus on things more important than your own discomfort.  If the children suffer less distress, it will be easier for all of you.

With a little thought and consideration, you can be successful in selling your home, and making what could be a bad situation work well, and to your benefit. 

Good Luck to you!



Real Living Great West Real Estate
(916) 635-0420
http://www.myrljeffcoat.com

 

 

 
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61 Comments on When It Is A House Divided

20 Most Recent Comments Displayed Show All

NOV
17
2009
259,783 Points 1 Featured Post

Great ideas and tips for this all too common situation, thanks for the post.

10:25am • #42
197,853 Points 5 Featured Posts

Been there done that!  Thank God mine wasn't a war of the roses....but I was smart and when I could see things were going south...I started paying off all of our "in common" debt...we are in a community property state.  At the divorce hearing the only things left owing were one car and the house and I let him have those in exchange for my kid.  That's all I really cared about at that point!  But couples get so vengeful and hateful that they fail to see they are shooting theirselves in the foot by being ugly in this process.  Sad...

11:26am • #43

Good advice for an unfortunate situation. This is a great example of when the adage, "patience is a virtue," holds true.

12:57pm • #44
Outside Blog

Great info.  I will definitely apply it to our listings.

1:00pm • #45

Nice post and I hope that reaches the ears of those that need to hear it.

1:14pm • #46
168,088 Points

Great idea for a blog and very helpful as well..congrats on the feature.

1:46pm • #47
937,823 Points 51 Featured Posts Called Shot Master

Claudette - I agree!  Divorce has been a motivating factor in many a listing! 

Brian - You're right!  Lawyers can often exacerbate issues between divorcing couples.

Laura - Money problems certainly can be a major factor to relationship woes.

Janice - Often couples think they need to get their power in early on a divorce. . .This can work against the best interests of everyone.  Especially the kids!

Jean - It isn't always easy as you say. . .But going through the steps of trying to be cordial, can make the process easier with time.

Tony - It's really a tough market.  I suspect many troubled couples think the economic gods are conspiring against them!

Jane - Thanks for your comments!  They have a great deal of merit!

Millie - It's definitely not easy most of the time.

Chris - I recall one buyer that came through an Open House I was holding on one of my listings.  The buyer point blank asked me if my seller's were divorcing, because of the sparce nature of the furnishings.  I responded that they were in between moves. 

2:01pm • #48
1,929,481 Points 155 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

It can also get you more for your home. If a buyer finds out you are selling because of divorce, they use it as a bargaining tool. They know you are desperate to sell because the faster the sale happens, the faster the divorce can be finalized. So, buyers offer less for your home in the hopes that you will just settle for the price, just to get things ove with.

 Todd Clark - www.LivingBeaverton.com

3:43pm • #49
Localism Sponsor Hit Router

Thank you this is a very timely post.

California has hit an all time high in divorce,  with that comes the feeling of poor self worth as a home seller.  Unfortunately the home still has some worth even if you don't feel like you do a low self esteem due to the environment you are stuck in and the sometimes damming comments can lead you down a sad path holding the closing statement of a once valuable home.

5:14pm • #50
307,045 Points 9 Featured Posts Localism Sponsor Outside Blog Attended Rain Camp Called Shot Master

I will add that you need to keep your family pictures up, clothes in the master bedroom closet also.  Good REALTORS spot these clues in a heartbeat!

5:25pm • #51
937,823 Points 51 Featured Posts Called Shot Master

Joe - Over the years, I've related to that "therapist" role as well:-)

Joyce and Terry - There certainly is a great deal of economic stress in relationships today.

Jody - I have been amazed how quick some buyers pick up on those signs.

Brigita - Thank you!  I think there are two professions that rely heavily on a psychology background.  That would be bar tending and real estate:-)

Patricia - I've actually seen couples try so hard to make it, but in the end watch the pressure get the most of them. . .It can be heartbreaking to see.

Rob - Showing houses an hour away can take its toll. . .I've only done that once!

Wendy - Perhaps we should put the "therapist" designation on our business cards. . .LOL

Ron and Alexandra - "Exaggerated" is a very good label to put on it!

8:21pm • #52

This reminds me of an awful sale that I had in which the "divided" house listed was a forced sale by the courts. One party moved out, and the other stayed but was reluctant to sell. Ever had a tenant try to sabotage the sale? Try an upset soon-to-be divorce, took some time but eventually it was sold. The trick for me, was to stay as far away from the middle of it as I could. I helped both parties equally and without bias. I also did not let either party bad mouth the other around me. I also ensured that every email, phone call or any communications were distributed equally. Hope it works out for you, excellent topic.

8:51pm • #53
471,280 Points 26 Featured Posts Localism Sponsor Called Shot Master

Hi Myrl, Your post is filled with common sense - sometimes that flies out the window when people are in the middle of a divorce, I think!  I like Lane's comment above, and was thinking the same thing, to correspond with each party- copy each in emails etc, just in case the communications break down. It might be hard to stay in the house together until it's sold, but it is a better financial move.

9:28pm • #54
471,280 Points 26 Featured Posts Localism Sponsor Called Shot Master

Forgot to say, Congratulations on the feature Myrl, and on tackling this very sad and real topic.

9:29pm • #55
1,330,089 Points 189 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Myrl good points all around. Divorce adds ANOTHER stress on top of the moving/selling stress.

9:52pm • #56
569,437 Points 1 Featured Post Localism Sponsor Outside Blog Attended Rain Camp

Sometimes logical and rational don't work but you are so right it does make our job a bit easier.

10:43pm • #57
NOV
18
2009
106,027 Points 3 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Hi Myrl,

Congratulations on the feature Myrl.  Great job on covering a very tough issue.  I used to see so much of this at the settlement table.  Luckily, the majority of seller's in this situation seemed to keep it together through close.   With the guidance of a good agent, it probably helps them along even better.

1:47am • #58
985,526 Points 106 Featured Posts Localism Sponsor Outside Blog

Hi Myrl: And I would add that if one of the parties moves out of the home, leave some of that person's clothing in the closet. Don't make it look like only one of the couple still resides in the home or a buyer's agent might figure out the couple is divorcing. If the agent knows the couple is divorcing, that agent might advise the buyer to offer a lot less, presuming the sellers are desperate to sell.

And let me say again, congratulations on being a featured agent in Sacramento!!

8:42am • #60
937,823 Points 51 Featured Posts Called Shot Master

J. Philip - Over the course of the last couple of years, I think agents have found themselves acting more in the "counseling" capacity than in the past.  I've seen trauma to families and especially children.  I think it's imperitive that we try to alleviate some of that if we can.

Tammy - I've seen that too!  One of the more amazing things I experienced was a divorcing, selling couple, who required that I not divulge to each other their new addresses.  Both had vacated the property, and rented elsewhere.  Imagine their horror, when several months after closing, each had purchased units in the same townhome community.  When I look back at that pair, I feel their destinies were somewhat entwined, although not joined:-)

Bob and Carolin - An uncooperative, but occupying seller isn't a good thing!

Jeani - I have lived it too.  Mine is a unique story with a different kind of outcome.  I purposefully bought a house within 500 feet of my ex husband.  That was over 25 years ago.  If you are interested in that story, you can click on this link: A Different Kind of Love Story.

Lane - Yes, I have had all those scenarios. . .They aren't easy!

Mary - Divorce and Common Sense are two realms that often don't comingle very well:-)

Gary - You're right!  When you stop to consider the top 5 stress inducers in life, divorce and selling a house are right up there among them.

Terry - It sure doesn't make lives easier.

Cathy - Thank you!  I also see some improvement in the "maturity" of couples in handling these difficult circumstances.  It's one of the reasons I wrote this blog, and also A Different Kind of Love Story.  I am really hopeful, folks can see there may be a more beneficial way to handle these things.

Elizabeth - Well thank you for the heads up about being a Sacramento feature agent.  I probably would have overlooked that for a few more days.  I agree with you regarding the clothing in the closet.  I almost think a vacant house is better than having half the furniture and one party's clothing gone.

10:20am • #61
NOV
21
2009
566,182 Points 29 Featured Posts Outside Blog Attended Rain Camp

Hi Myrl, We have heard that more and more couples are staying under the same roof because of the affordability issues. Great tips in keeping it together to help sell the home. Congratulations on the feature!

3:04pm • #62

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Myrl Jeffcoat

Sacramento, CA

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Real Living Great West Real Estate

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