If you’re getting a divorce, I feel for you. We all know someone who’s been through it. From the outside, it’s nearly impossible to describe the dissolution of a marriage. But if there’s one thing I feel pretty certain about, it’s that the process is never pleasant.
Don’t get me wrong; I know divorced couples who have parted ways amicably. Still, dividing things up can be a logistical nightmare—especially when there’s property involved.
The good news is, working with the right real estate agent can make things simpler. If you and your former (or soon-to-be former) spouse are gearing up to sell your home, here a few things you should think about when you’re looking for an agent.
Looking for a crash course on spousal buyouts? I’ve got an in-depth blog post on the topic. Click here to read it.
What Divorce is Really Like
There are a few basic truths about divorce. Facing them before you start selling your house can make the process less stressful.
1) It’s emotionally messy
Do you know anyone who was completely calm at the end of a marriage? Neither do I.
When married couples split, there’s baggage. Be aware that old patterns and emotions can get dredged up when you start dividing assets.
2) It’s legally complicated
The legalities of ending a marriage are complex. And unfortunately, selling a house can cause some of the biggest headaches. Sometimes the process is simpler when one spouse buys the other out. If you both decide to put your home on the market, just know that there’s a lot of joint decision making in your future.
3) It will affect your finances
Divorce can be costly. When it comes to selling your home, you’ll face a penalty if you break your mortgage contract. Most likely, it’ll be thousands of dollars.
Going through a divorce? Have a look at these other blog posts for helpful (and compassionate) advice.
- Everything You Need to Know About Disclosures and Divorce
- Ultimate Guide to Selling Your Home During a Divorce
- Buying vs. Renting After a Divorce
One Agent or Two?
If you and your former spouse get along, this one’s a no-brainer. Using the same agent will lead to a smoother selling process. It might even prevent you from selling your home for less than it’s worth. How?
Some buyers hear the D-word and start thinking about how they can take advantage of the situation. If they see that you’re motivated to sell, it could impact their offer. Using one agent means outsiders don’t have to know why you’re selling.
Of course, sometimes working together just isn’t an option. If this sounds like your situation, your best bet might be to use two agents from one brokerage. They can co-list your property together, while at the same time looking out for your separate interests.
Hiring the Right Agent
If you and your former spouse can work together, you should look for a great real estate representative. When you interview an agent, take the opportunity to learn whether they’ll be a good fit for your situation.
I’m big on answering questions, and I believe every agent should welcome them. Here are a few of the things you should consider asking about.
Can They Be Objective?
It’s unfortunate but true: some agents let personal biases creep into their work. In a situation where things could get tense, the last thing you want is an agent who’s going to pick sides.
How Do They Deal With Conflict?
We real estate agents aren’t professional mediators. But we have to stay cool-headed when conflict arises. It’s the only way we can focus on our larger goal: getting you a great price for your home in a reasonable timeframe.
Have They Worked With Divorcing Couples Before?
If you want to, go ahead and ask agents about their professional experience with divorcing couples. A Realtor who’s worked with sellers in situations like yours may be better able to handle any unique challenges that come up.
Are They an All-around Top-notch Agent?
Okay, I don’t mean to contradict my other points here. But in-depth market knowledge and a great selling track record should be priorities. Sure, it’s nice to deal with someone who’s worked with clients like you before. But at the end of the day, you want a great Realtor.
Above all, make sure the agent you choose is someone you both feel comfortable with. Selling your home is a crucial step in moving forward with your separate lives, so make sure you do it right.
Thinking about selling your home? Whether you’re getting a divorce or simply taking the next step, I can help. Call or text me at 647-239-7587 or send me an email at melissa@southetobicoke.com to get started.
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