Tips for Divorcing Couples with Real Estate

  • Houses out on the market in a divorce situation are fair game for agents looking for a bargain for their clients. Do not empty out one spouse’s closet or let routine maintenance go-these are tell-tale signs.
  • There is no correct value for the home. An appraiser will value it based on different criteria than a real estate agent. In an “up” market, agents can support higher values by “grossing up” the price based on historical appreciation rates, while appraisers are required to use the most recent sales only. It sometimes makes sense to use more than one approach and split the difference.
  • Both parties need to agree on the listing agent if the house is being sold. If you need to sell and are interviewing agents, be sure not to give them any information that may come back to haunt you, such as how much you need to get for the house or the divorce status-there is no confidentially requirement unless and until you sign a listing agreement with one of them. They may discuss your story with other agents.
  • You need to live in a house for 2 of the last 5 years to get the capital gains exclusion when you sell it. Protracted divorces make this issue more likely to come up.
  • Many women commit financial suicide to remain in the family home after the divorce “for the kids”. Less expensive alternatives do exist and the kids who participate in finding them may be better off with a parent who is not financially strapped.
  • If you decide to buy, use a buyer’s agent. They are legally required to represent your interests and many have been through divorces themselves and can be a great help. They will get you through the paperwork with as little stress as possible.
  • For more information on divorce, contact Sage.

Recent Sales

HAPPY BUYERS!
Great house, great price.
$1,325,000
2 Paul Road
Wayne, PA 19087
MLS# 6868853

 

For more information contact Sage

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Hear From Our Clients

  • "We were so pleased that a co-worker recommended someone in the area that she trusted. Boy, did we strike gold on all counts. You are amazing!"
  • "Instead of trying to take advantage of conflicts of interest, she puts the client's interests first."
  • "Linda is a hardworking, proactive and knowledgeable realtor. Throughout the process of finding and buying our new home, she was always responsive and kept us up to date on every detail."
  • "Linda and the group at Sage are the right fit. You won’t find more knowledgeable, prepared and professional agents."
  • "Linda and Tracey really know the Main Line area."
  • "Throughout the entire process we never doubted that she always had our best interests in mind. We wouldn’t consider anyone else when buying a home on the Main Line."
  • "From start to finish, Linda brought to bear a most helpful combination of experience, knowledge, attention and integrity on a somewhat complicated transaction. There was never any doubt that she represented our interests."
  • "Her knowledge of the area helped us quickly narrow our search and ultimately scored us an amazing home in an incredible neighborhood."
  • "It is hard to trust when you are not sure of the rules of the game. Working with Linda made us feel like we were family. Linda took her time to relay and explain everything in detail."
  • "Linda’s honesty and real estate savviness made for a wonderful home buying experience!"

Read more about what our clients have to say

Hear from our Clients

  • "We were so pleased that a co-worker recommended someone in the area that she trusted. Boy, did we strike gold on all counts. You are amazing!"
  • "Instead of trying to take advantage of conflicts of interest, she puts the client's interests first."
  • "Linda is a hardworking, proactive and knowledgeable realtor. Throughout the process of finding and buying our new home, she was always responsive and kept us up to date on every detail."
  • "Linda and the group at Sage are the right fit. You won’t find more knowledgeable, prepared and professional agents."
  • "Linda and Tracey really know the Main Line area."
  • "Throughout the entire process we never doubted that she always had our best interests in mind. We wouldn’t consider anyone else when buying a home on the Main Line."
  • "From start to finish, Linda brought to bear a most helpful combination of experience, knowledge, attention and integrity on a somewhat complicated transaction. There was never any doubt that she represented our interests."
  • "Her knowledge of the area helped us quickly narrow our search and ultimately scored us an amazing home in an incredible neighborhood."
  • "It is hard to trust when you are not sure of the rules of the game. Working with Linda made us feel like we were family. Linda took her time to relay and explain everything in detail."
  • "Linda’s honesty and real estate savviness made for a wonderful home buying experience!"

Read more about what our clients have to say

Sage Buyer Tips

Use Sage Buyer Tips to research the Main Line and stay up to date on real estate news. This online destination is chock full of resources for buyers and sellers: you can see our Main Line communities or explore Sage favorite places. Browse properties here and search other Main Line real estate. With Sage’s advice and experience, first-time buyers and those looking to upgrade can find homes best suited to their needs.