Hawaii Randy's Real Estate Opinions: February 2011

Divorce and Selling Your Home

Even though divorce may be a common occurrence in our society, it is not an easy thing to go through.  There are so many emotional issues to deal with.  In many cases selling a home can become a huge problem. 

Here are a few divorce scenarios I have seen in Hawaii.  In these cases the couple was so angry they could not agree on anything.

  1. Which Realtor®? I had one case where their fought over whether the agent should be a man or a women.
  2. How much to list the home for.
  3. What price and terms to accept from a buyer.
  4. Transaction details, etc.
  5. Who pays for repairs.
  6. Whether to sell the home.
  7. How the proceeds are handled or split.
  8. Who pays the mortgage and bills until it sells.
  9. Who gets to live it until it sells

It is a difficult time they are going through.  I have seen cases where they continued to fight, right up to their home being auctioned off on the court house steps.  That could easily have been avoided if they would have stopped fighting.

Here are a few tips (some easier than others).

  1. Always get legal and tax advice about the impact of the sale.
  2. Get a solid Realtor®. One who knows the area and one you and your spouse trust to protect everyone's interest in a fair manner.
  3. This is the tough one.  If you and your spouse are not on good terms, appoint one of you or a family member to make all decisions pertaining to the sale.  Give the professionals one person to contact.  This is the most important thing I will tell you.  You may need a Special Power of Attorney for just for this real estate transaction. (Again as always seek legal advice).  This will allow the designated person to sign all papers.
  4. If you are selling the home, call a truce on the fighting when it comes to this issue.  This can be a difficult process and it may get a lot worse if you continue to fight.  You will both lose!

No matter what the situation is, it is a rare case where the home has to be lost.  It is not so rare where it is lost because of fighting and bad decisions.

If you are going through some type of tragedy and need guidance in regards to real estate in Hawaii, feel free to contact me. 

Advice is always free.  Advice not followed may cost you a lot of time and money.

 

--------------------------------------------------------------------------------------------------------

Randy L. Prothero, REALTOR®

Principal Broker, ABR, AHWD, CRS, e-PRO, GRI, MRP, SFR

Island Style Realty Inc.

Team Leader - "The Prothero Group"

Randy Prothero is well established as an expert in working with military / VA clients and first time home buyers.  His home seller's (listing) campaign is one of the most aggressive marketing programs in the area.

Based out of Mililani, Hawaii. Randy services the island of Oahu (Honolulu County) Performs mediations and ombudsman services for the Board of Realtors.  To improve overall professionalism in his area Randy also offers classes for real estate agents. 

www.HawaiiRandy.comOahu (Honolulu County) Property Search  Hawaii Military Relocations

Comment balloon 9 commentsRandy Prothero • February 12 2011 05:51PM
Divorce and Selling Your Home
share
Even though divorce may be a common occurrence in our society, it is not an easy thing to go through. There are so many emotional issues to deal with. In many cases selling a home can become a huge problem. Here are a few divorce scenarios… more
Oahu (Honolulu County) Residential Real Estate Sales Activity -…
share
Below are sales activity for the month of January 2011 compared to the same month the last year and the previous month. This covers resale homes for Honolulu County (Oahu). Single Family sales volume is up from January of last year. Condos and… more
They Promise to Put Me on Page 1 of Google®
share
Every Monday I get a series of phone calls from folks promising me everything from 100 pre-qualified leads a month to getting me on page 1 of Google®. The phone may start ringing between 4am and 5am. I noticed that 90% of these calls come on… more