Monday, February 7, 2011

Should you use a REALTOR® who is not a Divorce REALTOR®?

Lawyers and, not unlike doctors, specialize for a reason. Different areas of law have their own intricacies, rules, and peculiarities. And while a non-matrimonial lawyer would understand the legalities of divorce better than a layman, there is always a risk when a professional practices outside their own specialty.

REALTORS® and, not unlike doctors, specialize for a reason. Different areas of real estate (commercial, short sale, luxury estate, divorce etc…) have their own intricacies, rules, and peculiarities. And while any REALTOR® would understand the sale of real estate better than a “for sale by owner”, there is always a risk when a professional practices outside their own specialty.

When you don't practice regularly in a certain specialty, sometimes you don't know how much it is you don't know. Moreover, while using a family member can be less expensive (or even free), there is something to be said for the objectivity and accountability that comes with employing someone whom you won't run into at Thanksgiving dinner.
My sister is a neurologist. She is smart, and she loves me, but there is no way I'd let her give me liposuction. Even if I asked her to, she wouldn't do it because she has had no experience with it. Likewise, I would not attempt to sell her 50-unit building. I wouldn't do the former because I don't know anything about selling commercial properties. And though I am capable of doing the latter, I'd be too emotionally involved to be objective, and I might mess it up.
Did you know that keeping the house after divorce is extremely RISKY, placing your potential clients at risk for damaged credit, default, foreclosure or even bankruptcy?

NOT selling the house is among the riskiest divorce options regarding the marital home.
Where one spouse retains the house post divorce, either or both spouses risk significant, adverse exposure from: liens/clouded title, mortgage/consumer credit decline, default/foreclosure, bankruptcy, and other potentially devastating post-divorce financial/standard of living issues.

An RCS-DTM REALTOR® examines the legal, financial and emotional interaction between disposition of the former family home and issues of: marital/separate property, title/joint tenancy, real property and other assets; valuation of property; calculation of current and future house equity; capital gains and other tax and deduction issues; post-divorce standard of living, collaboration -professional cooperation for mutual gain (time/effort/money) and emotional closure.

To ensure successful resale (in less time for the most money), an RCS-DTM REALTOR® explores the latest in strategic home preparation featuring Condition (home inspection, home repair, home improvement) and Presentation (de-cluttering, depersonalizing, strategic cleaning, home staging, etc.).

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 a 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.
Warm Regards,

Andre Luc Plessis

REALTOR®, RCS-DTM REALTOR®

Keller Williams® Realty
The Wealth Creation Team
CA DRE License # 01856185
Office: (818) 341-2972 - Cell: (310) 266-9463

How to Sell a Home When You Divorce in Los Angeles

Whether a divorce is completed, just beginning or somewhere in between, an RCS-DTM REALTOR® can help your clients determine their best options today for a fair property settlement and a stronger financial future.
Our mission is to educate and empower others regarding the reality of joint real estate, including the pros and cons, technically the rights and responsibilities, of joint debt (especially joint mortgage), joint ownership, and true house equity, before and beyond house appraisal.



We leverage the expertise of divorce and real estate-related professionals (e.g. law, finance/tax, emotional/psychological with home inspection, home improvement, home staging, etc.) in the “best interest of the house”, and each divorcing spouse.
Divorcing homeowners should break free from joint debt and joint ownership, especially the family house!



They may be divorced, but did they divorce the house? Keep in mind divorce does not automatically cancel or sever joint mortgage or any joint ownership of the house.



Because the most dangerous asset in divorce is...the HOUSE, the best time to protect your financial future is...BEFORE divorce. What your clients don't know during your divorce will hurt them 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 that ruin finances, families and futures, for years after a 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 clients’ post-divorce credit is during the divorce process, for a stronger financial future.



Divorce real estate is the elephant in the corner of family courts nationwide. Although the marital home generally accounts for 60% of a family's net worth, there is nearly no state-prescribed guidance for divorce real estate.



As a result, family houses that are not sold (i.e. inter-spousal 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.



Thus, as an RCS-DTM REALTOR®, I encourage more/earlier, that is, more evidence of house value and more detailed house valuation much earlier in the divorce process and definitely before property settlement negotiations.
As an RCS-DTM REALTOR®, I seek to empower divorcing home owners to Move Forward With More knowledge through divorce real estate education.
Warm Regards,


Andre Luc Plessis
REALTOR®, RCS-DTM REALTOR®
Keller Williams® Realty
The Wealth Creation Team
CA DRE License # 01856185
Office: (818) 341-2972 - Cell: (310) 266-9463

Sunday, February 6, 2011

Los Angeles Divorce Real Estate: What is an RCS-D™ REALTOR®

As an RCS-D™ REALTOR®, Andre Plessis is professionally trained to neutralize divorce real estate as a business transaction in the best interest of the house, and each divorcing spouse.  Leading your divorce real estate team, The Wealth Creation Team also serves as project manager working with you and your lawyers and can refer financial professionals (Mortgage Planner, CPA, Financial Planner, Divorce Planner etc..) and real estate professionals (Home inspectors, termite inspector, Appraiser etc..) specializing in divorce to assist with essential evidence of your house value.  Such additional evidence is needed during your divorce process, especially before any property negotiations or mediation. 

Divorce Real Estate Los Angeles, CA

Divorce Real Estate

The family home is usually the most significant asset in divorce. However, when dividing your marital property, appraisal minus mortgage does NOT equal equity. This incomplete equation leaves your house over-valued and that works against you.  In addition to the inaccurate and unfair division of your property, you risk damaged credit, default, foreclosure or even bankruptcy without more real estate due diligence much earlier in your divorce process.

To protect your rights NOW, you need a real estate agent specializing in divorce - an RCS-DTM REALTOR®.