Divorce the House?
The Divorce, the Family & the Marital Home…
Although the marital home is almost always the most expensive asset a couple owns, it generally accounts for at least 60% of the family’s net worth, there is virtually no state-specific mandated guidance for divorcing couples regarding divorce real estate.
Buying or selling real estate, in and of itself, can be stressful. Add the element of divorce, and one of the most contentious issues stemming from the divorce becomes “What to do with the family home?”
While divorcing, if you decide to sell the marital residence, you find that besides the real estate process, there are five to six additional processes going on simultaneously: the legal, physical, financial, social, emotional, and for some spiritual.
Sadly statistics show that about 41% (formerly 50%) of first-time marriages end in divorce and over 61% of those cases will involve buying or selling a home or both. The statistics become even more alarming when you take remarriages (60% of second marriages and 73% of third marriages) into consideration. Navigating through a divorce can be a difficult process. Emotions are at an all-time high, moods may be at an all-time low, and even the smallest decisions can be harder to make. It’s a time where a team of advocates is ideal for those divorcing.
Whether staying, leaving or selling the family residence, it can be an emotional and gut-wrenching experience, even more so when children are involved. I understand that this is where you and your soon-to-be-ex (STBX) made a lifetime of plans and memories, so it’s understandably a difficult experience. Speaking with a trusted professional and developing a deeper understanding of how divorce affects your personal situation is the first step.
“My goal, first and foremost, is to lay out a plan and navigate through the options with you so that you and your STBX can make the most informed decisions given the unique legal, financial and emotional aspects of your situation. You have choices with what is commonly the greatest family asset.” You actually have three options:
OPTION ONE: One of the spouses buys out the other’s interest and keeps the home.
OPTION TWO: The house is SOLD immediately and the equity, if any, is split as agreed upon. This is sometimes by Court Order.
OPTION THREE: One spouse continues living in the home for a specified period of time, and then the house is SOLD.
Why a REALTOR® that Specializes in Divorce?
You have an attorney to represent the legal aspects of your divorce, a financial planner and/or accountant to deal with the finances, a therapist or counselor to help you work through any past issues that may have you stuck or even depressed; and, a coach to assist you with the day-to-day rollercoaster and series of distractions that come with the pain of the divorce. Don’t leave your REALTOR® to chance. This is NOT the time to have your good friend that happens to be a real estate agent help you. When it comes to divorce, all REALTORS® are NOT created equal. It makes perfect sense to have a REALTOR® that specializes in divorce real estate.
“I know the unique needs associated with divorce and the marital home. As your Certified Real Estate Divorce Specialist™ (CREDS™), I am equipped through specialized training, personal experience and passion to manage the ebb and flow of the divorce process with both parties without making additional waves. Serving those in the midst of a divorce is a special calling on my life.”
As Your Certified Real Estate Divorce Specialist™ (CREDS™), I:
am Experienced, Impartial, Knowledgeable and have been Specially Trained in the intricacies of divorce real estate since 2009.
facilitate cooperation between divorce parties.
work with both parties together or separately, or via the Court to develop a plan that will get the best price for the house.
review the *legal/tax implications of selling the marital residence.
collaborate with other professionals on the divorce team, as needed.
create an element of trust in an atmosphere of distrust.
*coach both parties effectively through the transition process minimizing stress levels.
Previous clients have stated that I am gifted at working with both parties impartially to complete the ultimate goal of selling the marital home with the least complications; and, as with any real estate transaction, getting the maximum return for the selling parties. I am able to provide information, resources, and risk management tools that others may not be aware of. I have been told by my clients that I am “the calm in the divorce storm,” as well as the ‘project manager/quarterback’ of their divorce real estate process.
I welcome the opportunity to speak with you about your unique situation. Please fill out the form below and I will get back to you as soon as possible. All inquiries are held in the strictest of confidence.
Serving with Passion,
*Disclaimer: It is important to note that services offered by Jayme of Just Jayme & Associates, LLC are NOT to take the place of financial, legal, medical or tax professionals. If you deem it necessary, please speak with the appropriate professional at your earliest convenience.