Home Selling in 60477>Question Details

William, Home Seller in Tinley Park, IL

I am in the process of getting a divorce and need to sell the house. It is too big for my wife and 1 son. 5

Asked by William, Tinley Park, IL Wed Mar 19, 2008

BR 3 BA. How do I find a realestate agent experienced in dealing with this? The court may need market valuations from more than one. The property needs to sell quick.

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Hello William, You need an Agent that will price and market your property correctly. You also need an atty. Does your divorce atty do Real Estate? The atty should be the one directing your Agent as to what the atty needs to move the Real Estate Transaction forward. It will be up to the agent to provide the documentation (CMA) but only in the scope of their business. Meaning, Real Estate agents are not attys. Their job is to list, market and sell properties. If an appraisal is needed, that job goes to the appraiser. Your atty should order that from an appraiser and may ask your agent for names of known appraisers in the area of the listing. The most important thing is to get the home priced to sell...don't play with the price...just get the job done! I am an Agent myself working with the #1 real estate company in the world and would be happy to refer you to an Agent in Tinley Park whom is affiliated with this company and will serve your needs well.. Just email me!
1 vote Thank Flag Link Wed Aug 27, 2008
William
You should know that divorce is one of the pirmary reasons prooperty is sold, the other major rwo being death and illness. it is likely that finding a Realtor in your area who has some experience will not be too challenging.

I do want to give a caution to market evaluations. I do not know your market. However, know that if you do have three or four "Estimates of Fair Market Value" completed it is likely that they will vary. I urge you to be conservative in your selection of Realtors. Their ability to market you property effectively and also deal with you and your wife are going to be key factors.

Truthfully we do not set the price. The market sets the price. We expose the property to the market, the market then sets the price by the buyers and their Realtors that show and make offers on the property.

One key point is the fact that NO ONE needs to know why you are selling. When I deal with a client in your position I discuss two needs for a successful transaction: I need to thave both parties ready, willing, and able to work together. Once we decide to work as a team, then it is business, period. Also, I will not share with anyone the reason for sale. IMHO should a buyer find out it could hurt your bargaining power.

In my view these qualities are much more important than who has the highest price.
1 vote Thank Flag Link Wed Mar 19, 2008
Keith Sorem, Real Estate Pro in Glendale, CA
MVP'08
Contact
Find an agent who has already been through the mill. Search for a blog like the one at http://www.LooKiiLoo.com only from an agent in your area.
Web Reference: http://www.LooKiiLoo.com
0 votes Thank Flag Link Wed Aug 27, 2008
good afternoon......if one of you has already filed for divorce......it is like any other judgement..it will show up on the titlework for your home when you sell....the court will then have to issue a statement that the sale and the terms of the sale (price) etc. is acceptable to them which will be largely based upon what both you and your future ex-wife agree upon.......that writ needs to go to the title co.that is closing you as well as be part of the decision to accepttheir offer....ei: you could accept your buyer's offer, subject to approval from the courts...i hope that helps..bob mcclure- mortgage now- farmington, michigan. (248)974-4444....direct cell...
0 votes Thank Flag Link Sat Aug 23, 2008
stay married, keep the house, give it a go--its free and it helps your credit rating.

anyways

good luck
0 votes Thank Flag Link Fri Mar 21, 2008
Most likely the court will require an independent appraisal from an Illinois certified appraiser. I am such an appraiser. I am also a broker offering all forms of brokerage. Please PM me additional details.
0 votes Thank Flag Link Thu Mar 20, 2008
Keith,

You always offer sound, honest and easy to read advice.

-John
0 votes Thank Flag Link Wed Mar 19, 2008
William,

I am sorry about the situation you are going through at this time. I am an agent in Illinois. I would be happy to get you the information that you are looking for. I can run a comparative market analysis. This would show what the homes in your area are listed for now and what they have actually sold for in the past several months. With this information you can make sure that your home is priced to sell as fast as possible in the current market. Please email me if you would like to talk further about this.
0 votes Thank Flag Link Wed Mar 19, 2008
Hi William,

That is a difficult situation and I'm sorry you're going through it. Each divorce situation is different. It really depends on the atmosphere around and parties involved in the divorce.

We recently had a client in a similar situation that we provided a market analysis for and because the atmosphere was somewhat civil they and their attorneys were able to come to an agreement without leaving that decision to the court.

I don't know the details of your situation but one option may be to provide your wife's attorney (if you have an attorney please seek their advise first) with a list of respected agents and respectfully request that you mutually select 3 or 4 agents to provide a market analysis for you. If you can come to some sort of agreement on how to proceed with valuing the property you may avoid the unfortunate, but common fight many divorcing couples go through of pitting one agent’s research against another’s.

You're going through enough with this situation as it is. If you can get this aspect of your divorce done peacefully it will save you both a lot of stress.

I hope that helps,
Ted
Web Reference: http://www.teddietz.com
0 votes Thank Flag Link Wed Mar 19, 2008
William, you've found an excellent website (Trulia) for real estate information and to find agents who work in your area. Of course, I just like every other agent here would be pleased to extend our services to you. But to answer your question, you will want to interview several agents and take things into consideration such as promptness, professionalism, honestly, and their marketing plans. You may also want to ask if they have ever worked in a situation such as the one you're in now. I hope that hope helps. Please feel free to be in contact if I may be of further assistance. - David O. Todd 206. 679 4142.
Web Reference: http://www.DavidOTodd.com
0 votes Thank Flag Link Wed Mar 19, 2008
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