Looking for advise and realtor with divorce sale experience

Member since 2020 · 17 posts · 8 votes

My parents are going through a divorce. That’s a little rocky. The court has made the decision to award my mom one of the two houses that they own and a second home that my father is going to have to sell in order to pay my mom pro portion of the divorce.

I’m looking for real estate advice on how to handle the sale of both properties for them.

We need to do this properly and looking for realtors that have this type of experience specifically I don’t want to get a realtor that has not handled this kind of transaction before since it is a little bit nuanced. Also, the properties are held in a revocable living trust.

The agent would be selling both properties if it is a good match, but we will start with the property that my father has to sell in order to pay my mother first before the divorce finalizes.

Any advice?

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Janice Carter
Real Estate Broker · Atlanta · Member since 2024 · 1k+ posts · 606 votes
6mo
Jose, divorce related sales can definitely be more complex, especially when properties are held in a revocable living trust. You may want to ask a local divorce attorney for a recommendation for a real estate agent who has experience handling these types of transactions.
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Abel CurielBusiness Member
Real Estate Agent · Queens, NY · Member since 2016 · 2k+ posts · 1k+ votes
5mo
Quote from @Jose Sanchez:

My parents are going through a divorce. That’s a little rocky. The court has made the decision to award my mom one of the two houses that they own and a second home that my father is going to have to sell in order to pay my mom pro portion of the divorce.
I’m looking for real estate advice on how to handle the sale of both properties for them.
We need to do this properly and looking for realtors that have this type of experience specifically I don’t want to get a realtor that has not handled this kind of transaction before since it is a little bit nuanced. Also, the properties are held in a revocable living trust.
The agent would be selling both properties if it is a good match, but we will start with the property that my father has to sell in order to pay my mother first before the divorce finalizes.
Any advice?

Hello Jose and sorry to hear about your parent's divorce.
Many agents here on BiggerPockets who are investor-friendly may have worked on divorce sales since it is a common reason for selling. I'd recommend checking HERE for local agents on BP or use the search tool to find member profiles or previous forum posts in your area regarding divorce.
All the best!
Abel
REbuild Team - eXp Realty5234 Reviews
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Ken M.
Investor · Get yourself trained before doing something inadvisable. · Member since 2024 · 3k+ posts · 1k+ votes
5mo
Quote from @Jose Sanchez:

My parents are going through a divorce. That’s a little rocky. The court has made the decision to award my mom one of the two houses that they own and a second home that my father is going to have to sell in order to pay my mom pro portion of the divorce.
I’m looking for real estate advice on how to handle the sale of both properties for them.
We need to do this properly and looking for realtors that have this type of experience specifically I don’t want to get a realtor that has not handled this kind of transaction before since it is a little bit nuanced. Also, the properties are held in a revocable living trust.
The agent would be selling both properties if it is a good match, but we will start with the property that my father has to sell in order to pay my mother first before the divorce finalizes.
Any advice?
It's gonna cost him big time. Don't divorce.
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