Getting Divorced is About "Getting Even"....

By
Real Estate Agent with EXP Realty 414-525-0563 57026-90 Broker

. Emotions run high during a divorce....getting even...getting more..because he/she deserves to get...or give....and the list goes on and on.  Some people believe that if they divorce in a community property state...every marital asset is divided equally. At this time these are the divorce housestates with community property division laws:Arizona, California, Idaho, Louisiana, Nevada, New Mexico, Texas, Washington and Wisconsin. Reality is that every asset is not divided equally...each spouse doesn't get half a house...half the bank accounts. 

    Child support often comes into play and there are set percentages of income paid to the custodial spouse. In some cases, a parent will argue for "joint custody" which greatly reduces or eliminates the payment of support.  This may or may not be possible...as children get older, living in the same school district or orchestrating transportation becomes an obstacle to this arrangement.

 divorce  The sale of the house may not mean that each spouse gets half the proceeds. One spouse may have greater retirement assets accumulated during the marriage and will get less than half the proceeds of the house. One spouse may get all the proceeds of the house in lieu of being paid maintenance.  Sometimes property division is yet to be determined at the time of the sale in which case, proceeds are kept in one of the attorney's trust accounts until the divorce is final and funds are distributed, often with an assurance that attorneys receive payment.  The title company will require a letter from one of the lawyers or the court indicating how proceeds are divided or in what trust account the money will be held.

      Working in divorce as a niche it is important not to "Assume" authority, property division gavelor any other legal aspect told to you by one or the other spouse but not verified by a legal authority. If you choose to work with divorcing couples, get the education, know the laws, respect the boundaries, develop trust and confidentiality from each spouse...all part of success in this specialized area of real estate practice.

    If you or anyone you know is divorcing in southeastern Wisconsin, Sally K.& David L. Hanson are the only realtors certified in divorce in Wisconsin and honored to be of assistance for all things real estate.

      This has been an informational post regarding the niche of divorce in real estate, education is priceless and necessary to work in this area of real estate practice.

Posted by

Sally K. & David L. Hanson, ABR, CDPE, CSS, e-Pro,ILHM, REDS


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Rainmaker
3,303,449
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Sally and David. Not a niche I pursued, but have friends who did. Enjoy your day 

Jan 31, 2019 04:54 AM #1
Rainmaker
3,133,597
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

Great advice, Sally and David... and I could also say it's great advice in almost any real estate transaction: education, knowing laws, respecting boundaries and confidentiality, developing trust... we should be doing this with all clients... the biggest difference being that maybe the emotional aspect isn't quite as strong as in a divorce situation.

If you choose to work with divorcing couples, get the education, know the laws, respect the boundaries, develop trust and confidentiality from each spouse

Jan 31, 2019 05:11 AM #2
Rainmaker
5,038,296
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Sally K. & David L. Hanson divorce can be a messy situation and that makes the real estate end very difficult....  the only ones who make a buck are the attorneys.... my ex and I negotiated our own deal.... he took one home, I took the other... he handled his bills, I did mine and I did ours... I wasn't going to fight over money and I suggested I take them... you can always make more money...

Jan 31, 2019 05:25 AM #3
Rainmaker
2,503,677
Rebecca Gaujot, Realtor®
Vision Quest Realty - Lewisburg, WV
Lewisburg WV, the go to agent for all real estate

 If you or anyone you know is divorcing in southeastern Wisconsin, Sally K.& David L. Hanson are the only realtors certified in divorce in Wisconsin and honored to be of assistance for all things real estate.  BTW, really like your website!

Jan 31, 2019 05:56 AM #4
Rainmaker
1,944,336
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Sally and David - this is certainly very complicated and I am sure your experise puts you at the advantage as trusted real estate partner.

Jan 31, 2019 06:06 AM #5
Rainmaker
4,797,473
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Good morning Sally and David.  Thankfully I have very little experience with divorce in my family.  I hope to keep it that way.

Jan 31, 2019 06:37 AM #6
Rainmaker
2,581,961
Brian England
Arizona Focus Realty - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

Divorce is such a terrible thing and is way too common these days, I am certain that it has led to the abundance of mental issues that we have in today's society where kids have had to deal with growing up through a divorce.

Jan 31, 2019 06:57 AM #7
Rainmaker
1,236,378
Sheri Sperry - MCNE®
Coldwell Banker Residential Brokerage - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Sally K. & David L. Hanson - I have read some of your divorce blogs before. I would only recommend you for this niche.  You know your "stuff" and can actually help people through this extremely difficult time. 

Jan 31, 2019 08:19 AM #8
Rainmaker
3,362,385
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Good morning,  Sally and David - your excellent knowledge combines with good common sense to create a package that is just the right size.

Jan 31, 2019 08:20 AM #9
Rainmaker
641,907
Mike McCann - Nebraska Farm Land Broker
Mike McCann - Broker, Mach1 Realty Farmland Broker-Auctioneer Serving Rural Nebraska - Kearney, NE
Farm Land For Sale 308-627-3700 or 800-241-3940

Sally K. & David L. Hanson Kudos to you for your work.  My only involvement with a divorce forcing the home sale was back in the 1990's.  I was hired by the wife and when I met with the soon to be ex husband he said to watch my back...not because of him but because of her.  Boy was he right. She was one of the worst humans I ever dealt with...and she hired me! But we got it closed.   Glad you have the extra training that you have!

Jan 31, 2019 07:12 PM #10
Rainmaker
1,544,033
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

Education - it's the key to success in almost anything you undertake, isn't it? It might not be formal education, but self study can sometimes be just as valuable.

Jan 31, 2019 08:12 PM #11
Rainmaker
5,425,089
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much for sharing your experience and some of your successful business practices.

Feb 01, 2019 06:41 AM #12
Ambassador
3,354,435
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Respecting boundaries jumped out at me in this wonderful post, Sally! Professionalism, knowledge, education, trust, etc...nothing works well in divorce sales without both parties respecting boundaries. 

WONDERFUL post, chock-full of great information. Anyone going through a divorce in Wisconsin should contact you & David to help them through this process.

Feb 01, 2019 07:07 AM #13
Rainmaker
522,024
Mary Hutchison, SRES, ABR
Better Homes and Gardens Real Estate-Kansas City Homes - Kansas City, MO
Experienced Agent in Kansas City Metro area

I bet you have some interesting stories about asset fighting during a divorce...can get so very nasty....

Feb 04, 2019 09:17 AM #14
Rainmaker
981,121
Jan Green
Value Added Service, 602-620-2699 - Scottsdale, AZ
HomeSmart Elite Group, REALTOR®, EcoBroker, GREEN

Very informative post for anyone going through a divorce wondering what will happen to their "half."  Divorcing couples need to see expert advice and representation like yours when going through a divorce!

Feb 04, 2019 03:24 PM #15
Rainmaker
889,562
Gail Robinson
William Raveis Real Estate - Southport, CT
CRS, GRI, e-PRO Fairfield County, CT

I will be listing the home for a divorcing couple shortly and helping the wife to find a new home.  This an amicable divorce so I was able to meet with them both and it has not been as difficult as coming to agreement with some married couples, but I  know that is rare.  Your clients are lucky to have your expertise!

Mar 02, 2019 09:04 AM #16
Rainmaker
3,268,420
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

Yes you are exactly right Gail Robinson  that IS a rare situation...

Mar 02, 2019 09:15 AM #17
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Rainmaker
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Sally K. & David L. Hanson

WI Realtors - Luxury - Divorce
For All Things Wisconsin Real Estate...Call the Hansons
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