For Sale by Owner -- Can it Work in Divorce?

Divorcing couples are faced with unique challenges when selling their homes without a realtor. Success requires absolute and selfless teamwork, a difficult challenge for even the most cooperative couples. But divorce presents a whole new set of problems, mostly due to lack of communication, cooperation, and shared common goals. Some questions that may arise include:

          • Can you create a fair division of labor and expenses?

          • Who will be primarily responsible for preparing the house for sale?

          • Who will meet with prospective buyers?

          Divorce Tip: Inevitably, one person either does more work or perceives that he has done more work than his spouse. Will that person resent his own larger contribution, and who will give that person the emotional support needed?

The blame game is common in divorce. You jointly make important decisions, such as the asking price, which leaves you open to unwarranted criticism. “He overpriced the house.” “She under priced the house and almost gave it away.” “He cost us $2,000 by dragging his feet.”

          Divorce Tip: A realtor acts as a neutral third party whose entire compensation depends on a closed sale. That’s strong incentive to help you through these difficult issues.

Don’t forget the financial commitment in preparing your house for sale, such as bringing the property up to code, conducting a termite inspection, and paying for remediation, advertising, and all other expenses relating to the sale. Financial issues often cause marital tension. Here too, a realtor can set the agenda for the common good.

          Divorce Tip: Instead of blaming your spouse when things go wrong, consider blaming the realtor instead. It will encourage cooperation with your spouse and may defuse some contentious moments.

Unless you have an excellent working relationship with your spouse, use a realtor.

Resources: See Why Divorcing Couples Need a Realtor/Facilitator.