Selling your home because of divorce

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Performance Realty
Selling your home
due to divorce!
By BO KAUFFMANN

Homeowners sell their homes
for a variety of reasons…
Hopefully the reason is a happy one,
•such as Up-sizing the home to accommodate a
growing family,
•or even downsizing because the kids have (finally)
left the nest.

Sometimes the reason is a not-so-happy
one, as is the case of
DIVORCE OR SEPARATION.
Even so, the end-goal should always be
kept in mind: Selling the house (or
condo) for as much money as
possible.
Homeowners sell their homes
for a variety of reasons…

Here is a tip…
 When couples divorce or separate, ideally the break-up should
be amicable: This will likely save you a lot of money in legal
fees.
 However, many divorces are NOT amicable, and both parties
head out and get their own lawyers, which is a great idea.
 In addition, when it comes to selling their marital estate, the
couple then seek out REALTORS® to act on their behalf......
one for the husband, and one for the wife, or, more politically
correct, "one REALTOR® per spouse".
Direct Cell # (204) 333-2202 Email: boknowshomes@gmail.com Web: WinnipegHomeFinder.com
Blog: blog.winnipeghomefinder.com Twitter: @ bokauffmann

This may be, for a number of reasons,
NOT ADVISABLE.

Here are a couple of reasons:

Cost
• Whenever a home-owner lists the house with
a real estate agent, a portion of the total
commission is set aside to pay the "LISTING
AGENT".
• This amount is always negotiable, and
depends on several factors, including the
value of the home, and the amount of
advertising done by the Listing Agent.
(By the way, this is really the ONLY method by which you should choose an agent, as the amount of advertising is the
only thing the agent controls, and ultimately the only thing that sets agents apart from each other.)

Cost
So, whatever that commission amount is,
IF you and your spouse insist on having 2
Listing Agents, each agent MAY charge
his regular fee, thereby potentially
DOUBLING YOUR COST.
So your listing commission MAY be
higher if you utilize 2 agents.
(This only makes sense, since YOUR lawyer will not likely split his fee with your spouses lawyer)

2 Signs are NOT better than one
As the Seller, you don't want the whole world to
know that the reason you are selling is
because you are splitting with your spouse.
Having 2 "For Sale" signs in your front yard
tells exactly that......and as a seller, you may
not want to enter any negotiations with a buyer
from a weakened position.

Most Important:
There is no good reason to have 2 Agents
2 Listing Agents won't get you more money
than 1 good agent.
Both agents are hooked up to the MLS, and
since there is only 1 house to sell, it wont get
twice the coverage. Its still just 1 listing.
Direct Cell # (204) 333-2202 Email: boknowshomes@gmail.com Web: WinnipegHomeFinder.com
Blog: blog.winnipeghomefinder.com Twitter: @ bokauffmann

Here is how I look at this matter
No matter what the other issues are,
on this one issue we are (or should be) all on the same page:

So hire a great agent who focuses on
the most important task at hand
MARKETING THE HOME.
All money received from the buyer will go
thru brokers and lawyers trust funds,
So a REALTOR® is NOT in a position to
'favor' one spouse over another,
even if he wanted to.

SO IT DOES NOT MAKE SENSE
TO HIRE 2 AGENTS TO MARKET
ONE PROPERTY.....
in fact it's counterproductive…

BO KAUFFMANN
Direct Cell # (204) 333-2202
Email: boknowshomes@gmail.com
Web: WinnipegHomeFinder.com
Blog: blog.winnipeghomefinder.com
Twitter: @ bokauffmann
Facebook: facebook.com/winnipeghomefinder

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Selling your home because of divorce

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Selling your home because of divorce