Sunday, February 28, 2010

Divorce and Real Estate Sales


I just read an online article about the hassle of trying to reconcile a divorcing couple enough to get a house sold. Nowadays, there are fewer reasons that homes are put on the market. Years ago, a "move up" was caused by a wish for an extra bedroom or a different school district, or even something as minor as the desire for a pool. In 2010, homeowners are more concerned about job security and volatile investment portfolios, and our inventory is low because most people are staying put if they possibly can.
If they are selling a house, it is usually because they are forced to sell. Causes range from knee problems that make two story living difficult, to more serious ones...money problems, death and divorce.
I remember regular speaker phone conversations between the Realtor I tour properties with and her acrimonious divorcing clients. One would OK staging the house, the other would veto the expense. One would agree to a reasonable listing price, the other would insist on an inflated value....and on and on. It's a wonder that the house finally sold.

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