Divorce & Real Estate

What will happen to your home when you divorce?  How do you value your home and what happens if it has to be sold?

If you're in the process of divorcing, you may not have considered a REALTOR® as one of the professionals who is going to help you.  Like your lawyer or mediator, a professional real estate agent will provide you with information and knowledge in order to help you make informed decisions.

"My commitment is to assist divorcing couples by valuing and if required, marketing and selling their real estate by providing professional real estate advice and expertise while maintaining impartiality, sensitivity and confidentiality."  Paige Gregson

Your lawyer or mediator has likely asked each of you what your assets are worth. And, more often than not, the values cannot be agreed upon. The suggestion is then to hire an appraisal company to value your home. Yet, separation and divorce is a time of increased expenses with running two households together with legal fees making it difficult to add another expense.

I will provide a valuation report to each of you that will be based on objective and supportable data, independent of what one party or the other hopes, wishes or wants it to be valued at. The report will include a detailed description of your property, comparable sold properties, current market conditions and an estimated time of how long it would take for your home to sell. This valuation is at no charge or commitment by you.

Why would I do this? First, I believe that divorcing couples can benefit from working with a REALTOR® who has experienced the dissolution of their own marriage and all the effects of it, including asset division. I also believe that in these current economic conditions, time is of the essence if couples are going to preserve the value of their real estate and I want to help them do just that.

Second, if it's determined through negotiation with your lawyer or mediator that your home needs to be sold, and after working with me on the valuation, you feel confident that I can successfully market your home for sale and get the best price possible, then I ask that we enter into a working relationship on that basis.

If however, the home is going to be retained by one party and the other party is not purchasing another home, I then ask that based on your experience with me that you recommend people you know who could use professional real estate services.

I invite you to give me a call or email me to talk about this further or to answer any questions you may have. Should you then want to schedule an appointment, I will meet with both of you in my office (together or separately) which aids in reducing the emotional impact of meeting in the home that one party has likely already moved out of.

Please call me at 250-308-2928. You can also email me at paige.gregson@century21.ca

Sincerely,

Paige Gregson

Basics of Family Law  www.ag.gov.bc.ca/family-justice/law/index.htm

Helping Children Live with Separation and Divorce www.phac-aspc.gc.ca/publicat/mh-sm/divorce/toc-eng.php

Recommended Reading:  "Mom's House, Dad's House" by Isolina Ricci www.chapters.indigo.ca/books/Moms-House-Dads-House-Complete-Isolina-Ricci/9780684830780-item.html

 

Paige Gregson

Paige Gregson

REALTOR®
CENTURY 21 Executives Realty Ltd.
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