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filed, and the couple could not be in the SAME BUILDING on the same day. With having these parameters, you need to walk through all offers, closing documents and any other information TWICE. I actually had to close the sellers on TWO DIFFERENT DAYS! There could be hard feelings by one party (the other one that did not choose the agent), thinking the agent is on one side or the other if recommended, so the need for the agent to be neutral is imperative.
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100 Comments on Divorce and the Home Selling Process
I once had a man call me to come and see his house - and when I got there he wanted to know if I could hurry up and sell it before his wife got back from a vacation.He was upset that I wouldn't even take the listing.
In another case othe man refused to sign until the x-wife handed over a painting. And she refused to hand over the painting until he signed... no fun!
What I really didn't enjoy was having to listen to each side tell me how awful the other party was. I think the only thing they agreed on was that I should list the house, since I had helped them purchase it several years earlier.
Joan, when it comes to money, people act quite differently. I have had both the amicable and the acrimonious couples and guess which home got the most money?
Ty
Marte, some people are just nasty, they just can't help it!
Ty, the transaction IS just better when amicable!
Joan,
I'll be working on helping a divorcing wife to purchase a townhome in the next month or so. Right now, the plan is for the husband to cash-out refi the mc-mansion. It doesn't make a lot of sense to me so the plan may change. In which case, your experience will be helpful. Thanks for sharing!
Gerard --- good luck, as it always takes a bit more effort and patience, but so well worth it!
I actually had one where the couple was so awful to each other that the judge got sick of them. One party summoned me to court after the other party refused to accept the 12th offer. After I explained the history, the judge ordered the property sold and signed the offer himself. Several people said to me, "IS that legal? Can he do that?" Well, he did it.
Joetta, that is quite the story! Have never even heard of that! Guess it WAS legal, or he would not have signed it!
it is up to the agent to make sure the transaction goes as smoothly as possible...just another one of those things that we do! I don't agree with the toothbrush scenario and that indication that it shows the reason to sell and implies a desperate seller, but I am a believer that price sells property much more than seller motivation or buyer interpretation of seller motivation.
Simon, it is our job to make the transaction very smooth, no matter what the situation is.
Wow, Joetta, at least you got a clean, quick ending to that transaction. Wish it could always be so simple.
That's why the song says:
D...I...V...O...R...C...E
It wouldn't make any sense if they were getting along, famously, right?
I hope your definition of “all parties” includes real estate agents because it can become quite tricky working with a divorcing couple who aren’t speaking to each other.
Brenda, I was thinking that had to be the worst transaction that was shared here!
Tom, but wouldn't it be nice???
Jim, exactly! The agents are another story at times!
Great post Joan. I have a friend that is going through this very process now. As soon as they make a decision about how they are going to proceed I am probably going to do a pre-sale inspection for him just to try and help him along. Of course that also means I will probably be having to do any repairs needed as well as he is not that handy with a hammer. LOL. Have a great day!
Chuck, that is sad to watch a good friend go thru a divorce. One of Realtor friends is just about finished too! They go thru so many roller coaster rides with their emotions!
Keeping a transaction together during a divorce is very tricky. I'm not much of a shoulder to cry on.
It does take a lot Wayne, to keep the transaction together, all to be semi-civil!
Joan, I've also had a few doozies from divorce situations. My favorite was when I was dealing with the wife who supposedly was given the house in the divorce and had full control, only to have a title search reveal that she had forged her husbands signature to deed the house out of his name, trying to justify it by the fact that she had a 10 year old power of attorney that had long since expired.
So fun!
Matt, unfortunately divorce brings the worst out at times, especially when money is involved. Too bad they cannot get thru this process more civilized! You doozie sounds like a bitter scorned wife.