Monday, May 14, 2012

Isn't the sale of a divorce house the same as the sale of a non-divorce house?

In a word - no. Some of the differences include:

(1) REALTORS® know a divorce house when they see one. This can financially disadvantage the divorcing sellers when negotiating with buyers and the buyers' agent. RCS-DTM REALTORS® are trained to successfully address both Condition (home inspection, home improvement) and Presentation (home staging & MLS-friendly photography). The result is buyer-friendly model home/ready to move in - required for today's house resale market.

(2) REALTORS® are among the only professionals during a divorce that represent both spouses at the same time. RCS-DTM REALTORS® seamlessly unite the seemingly separate interests of each spouse for successful resale of the marital home (in less time for the most money possible).

 
Andre Plessis, CDPP, RCS-DTM REALTOR®
As a RCS-DTM REALTOR® I assist individuals who are either thinking about divorce or are in the process of a divorce. To protect your rights NOW, you need a real estate agent specializing in divorce, an RCS-DTM REALTOR®
Tel: 310-266-9463

Why is Divorce Real Estate the "elephant in the corner" of family courts nationwide

Divorce houses that are not sold (i.e. interspousal transfers) are too often over-valued or at least incorrectly valued based on over-reliance on appraisal(s) and/or inadequate valuation/evidence from either or both divorcing spouses. For example, without a home inspection and at least 1 title search before transfer between former spouses, the real estate is likely over-valued (from hidden defects and/or clouded title among other post-divorce legal and financial challenges).

Similarly problematic, the remaining divorce houses are generally sold (and prepared for sale) after the divorce decree is finalized and signed by the judge, that is:

after the house valuation process;
after the court assessed house value;
after the court divided the house “equity” between divorcing spouses;
after the Marital Dissolution [or Property Settlement] Agreement (a binding contract between divorcing spouses only modifiable by fraud or agreement of both parties and not subject to future “change of circumstances” review); and
after the divorce is final (and final distribution of marital assets – a key motivating factor during the divorce process). Although post-divorce motions to compel and contempt sanctions remain available, this option essentially re-opens a completed divorce (with extra legal fees and court costs).

After is oftentimes too late for divorcing families!
Thus, we encourage more/earlier - that is, more evidence of house value & more detailed house valuation much earlier in the divorce process and definitely before property settlement negotiations.
And we seek to empower divorcing home owners to Move Forward With MoreTM through divorce real estate education.

Tel: 310-266-9463
Andre Plessis, CDPP, RCS-DTM REALTOR®
As a RCS-DTM REALTOR® I assist individuals who are either thinking about divorce or are in the process of a divorce. To protect your rights NOW, you need a real estate agent specializing in divorce, an RCS-DTM REALTOR®

How is Divorce Real Estate different from regular real estate sale?

One of the riskiest options for divorce real estate is keeping the house. Equally risky during the divorce process is using "Appraisal - Mortgage" which likely overvalues equity for purposes of Equitable Distribution (as distinguished from loan assessment for which appraisals are designed). 

RCS-DTM REALTORS® are trained to obtain more/earlier: that is, more real estate investigation and information, much earlier in the divorce process. The result is actual equity based on more evidence of house value (e.g., condition from a home inspection and title/lien status from a title search - ideally conducted before any property settlement negotiations and before any mandatory mediation and trial).

RCS-DTM REALTORS® empower divorcing homeowners with accurate evidence of house value for informed disposition of the marital home during divorce. This starkly contrasts the practice of "ambulance chasing" or stirring up litigation opportunities. As a result, RCS-DTM REALTORS® help preserve more house equity and potentially grow the marital estate (by selling a properly prepared divorce house in less time for the most possible money). 

 Your Divorce Real Estate REALTOR
Andre Plessis, CDPP, RCS-DTM REALTOR®
As a RCS-DTM REALTOR® I assist individuals who are either thinking about divorce or are in the process of a divorce. To protect your rights NOW, you need a real estate agent specializing in divorce, an RCS-DTM REALTOR®
RCS-DTM stands for Real Estate Collaborative Specialist-Divorce.
Tel: 310-266-9463

When keeping your house equals losing your divorce.

What you don't know during your divorce will hurt you more, long after.
Major mistakes in divorce real estate are preventable during your divorce but are not fixable after your divorce.
These mistakes often result in damaged credit, mortgage default, foreclosure or even bankruptcy. Mistakes that ruin finances, families and futures - for years after divorce.

Because such financially critical mistakes are preventable but not fixable, our solution is simply MORE/EARLIER: more due diligence and information from more real estate and financial experts much earlier in your divorce process.

And the best time to protect your post-divorce credit is during the divorce process - for a stronger financial future. 

 Andre Plessis, CDPP, RCS-DTM REALTOR®
As a RCS-DTM REALTOR® I assist individuals who are either thinking about divorce or are in the process of a divorce. To protect your rights NOW, you need a real estate agent specializing in divorce, an RCS-DTM REALTOR®
RCS-DTM stands for Real Estate Collaborative Specialist-Divorce.

Tel: 310-266-9463 

Los Angeles Real Estate Divorce REALTOR

DIVORCING HOMEOWNERS Break free from joint debt & joint ownership - especially re: your family house!
You may be divorced, but did you divorce your house? Keep in mind divorce does not automatically cancel or sever your joint mortgage or any joint ownership of your house.

Because the most dangerous asset in divorce is...your HOUSE, the best time to protect your financial future is...BEFORE divorce.

Question about how to divorce when you own real estate in Los Angeles?

Call me at 310-266-9463
Andre Plessis, CDPP, RCS-DTM REALTOR®
As a RCS-DTM REALTOR® I assist individuals who are either thinking about divorce or are in the process of a divorce. To protect your rights NOW, you need a real estate agent specializing in divorce, an RCS-DTM REALTOR®
RCS-DTM stands for Real Estate Collaborative Specialist-Divorce.

Real Estate For Divorcing Homeowners in Los Angeles

For Divorcing Homeowners:

Have questions about divorce real estate in Los Angeles?
 
The family home is usually the most valuable asset in divorce.
To protect your rights NOW, you need a real estate agent specializing in divorce - an RCS-DTM REALTOR®. RCS-DTM stands for Real Estate Collaborative Specialist-Divorce.

RCS-DTM REALTORS® are specially trained to neutralize divorce real estate as a business transaction, in the best interest of the house and each divorcing spouse. 

Whether your divorce is completed, just beginning or somewhere in between, an RCS-DTM REALTOR® can help you determine your best options now for a fair property settlement and a stronger financial future

 
Andre Plessis, CDPP, RCS-DTM REALTOR®
As a RCS-DTM REALTOR® I assist individuals who are either thinking about divorce or are in the process of a divorce. To protect your rights NOW, you need a real estate agent specializing in divorce, an RCS-DTM REALTOR®
RCS-DTM stands for Real Estate Collaborative Specialist-Divorce.

Question About Real Estate During a Divorce?

Do you have a question in regards to real estate during a divorce in Los Angeles county?

Call me at 310-266-9463.

MISSION: Our mission is to educate and empower others regarding the reality of joint real estate, including the pros & cons - technically the rights and responsibilities - of joint debt (especially joint mortgage), joint ownership, and true house equity - before & beyond house appraisal.
This information is especially critical per life changes such as: divorce, separation, job loss, illness/injury, death, foreclosure, or bankruptcy.
BOTTOM LINE re: Joint Real Estate: To protect yourself and your financial future, make sure you know what you owe, what you own, what you are getting into, what you are getting out of, and most importantly - what you may be getting stuck with ... before it's too late!

Andre Plessis 
 Real Estate Collaborative Specialist-DivorceTM designation and are divorce problem prevention experts for real estate: