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Fidelity

Divorce the house.. Are you working on a transaction where The “D” is involved?

1. MEET WITH EACH PARTY
It’s important that you meet in person with each of the owners of the home to assess the environment in which you’ll be working. There can be great collaboration or high levels of conflict in which you play the go-between. A real estate agent can contribute to minimizing the stress involved with the sale by setting each of the parties at ease. It could also be revealed that this is a transaction in which you prefer not to be involved.

2. REVIEW THE FINAL DIVORCE DECREE
You don’t need to—nor would you want to—read the entire document, just the part pertaining to disposition of the home. Frequently, with everything that has gone on and the high levels of emotions and anxiety, parties are confused and can give you the wrong information. It’s also helpful to understand the dynamics before you move forward. I did have a situation in which the court gave the husband complete power to make decisions regarding the home, and all of the proceeds. The wife was still on title and didn’t want the home sold. You can see where this was headed, and yes, she dragged her feet on everything. It was helpful to anticipate this possibility before it became a reality. It would have been easier for her to Quit Claim her portion over to her husband, but her attorney wouldn’t agree.

3. MAKE INTRODUCTIONS TO ANY OTHER TEAM MEMBERS
Usually there is a team of advisers in place: attorneys, mediators, financial planners, etc. You’re all working together for the benefit of the client, so it’s helpful to have open communication. You will probably have to take the lead on this one, and it shows your professionalism. A phone call is usually appreciated by everyone.

4. PROVIDE A LIST OF PROFESSIONAL REFERRALS
Real estate agents can be the first call when a divorce is on the horizon. Usually the largest asset they own, families want to know the value of the home and their options as they move forward. It furthers your level of service to have a group of trusted advisers to offer, and establishes a referral network for your business.

5. CLARIFY THE LINES OF COMMUNICATION
Technology offers an assortment of options and many people are particular about their preference for communication. If you frequently use email and one of the parties never checks email, that will present a problem. Be sensitive to a possible generational preference, and also that sometimes a phone call is needed. A person’s voice can convey what a text or
email cannot.

6. SEPARATE BUT EQUAL COMMUNICATION
Yes, sometimes it feels we do twice the work when helping divorcing couples. To avoid hard feelings and one party feeling you are playing favorites, you must be sure to copy each person on all communication. Occasionally, one party wants everything copied to their attorney. Be sure the attorneys are supposed to be in the loop and this has been clarified. The attorneys I’ve worked with charge for each email they read, so be sure this has been cleared with the client.

7. CREATE A REALISTIC TIME LINE FOR COMMUNICATION AND PUT THIS IN YOUR LISTING AGREEMENT
When working with a hesitant seller, one that resides out of town or travels a lot, your level of frustration can quickly escalate. Gain consensus that 24 hours (or whatever is agreed) to respond is reasonable and necessary to keep the process moving. When the market catches fire again, which is starting, buyers won’t wait long for an answer. This is a great way to set the tone for expectations, and you can refer back to it.

8. CONFIRM FINANCIAL RESPONSIBILITIES
Who is going to pay for the repairs to get the house ready for sale? How are the proceeds divided? I just had a transaction where the sellers were upside down and the husband’s company was going to give him the funds necessary to close. These particulars are also a good idea to mention in the Listing Agreement. That way there are no surprises or last-minute negotiations on these costs.

9. YOU’RE A REAL ESTATE AGENT, NOT A THERAPIST
When emotions are running high and people want to vent, don’t be the target. When just starting out, I used to spend hours listening and now I am adept at steering the conversation back to real estate. Remind them this is not your area of expertise and refer them to a mental health professional if needed. As always, be sure to offer multiple contacts

10. DOCUMENT, DOCUMENT, DOCUMENT
It’s always important to document for your files, but for these transactions it is especially important. Sometimes emotions run high and people aren’t listening as closely as we wish they would. It’s vital you keep a paper trail of all communications, and it will really come in handy should you be called as an expert witness or as part of a mediation.

Loving what we do! TTG Passion & Purpose!

Check out this quick overview of the team at one of our trainings. This one is on BK and the real estate transaction from a Legal & Title perspective! 
In differentiating ourselves from our competition we focus on our industry and creating a dream team effort to come together and close transactions together! 

We are highly involved in our community and we believe in leadership by example! 
  • Leadership in Professional Associations
  • Leaders in Non-Profits
  • Volunteer in our Schools 
  • Involved in our churches 
WE are Faith based and held to His standards. 
Put us to the test! 

John Gillison, RC City Manager to speak at WEREP.

John Gillison, RC City Manager | February 12, 2016

by WEREP INC. on FEBRUARY 8, 2016

Special Guest Speaker:
John Gillison
Rancho Cucamonga City Manager

John Gillison, RC City ManagerJohn Gillison was appointed as City Manager for the City of Rancho Cucamonga effective September 1, 2011.  He served as the Assistant City Manager for the City of Rancho Cucamonga since 2009.  Prior to taking over the position as Assistant City Manager, John was the Deputy City Manager for the Administrative Services Department, which includes the Finance, Human Resources, Risk Management, Geographic Information Services, Special Districts, Purchasing and Information Services functions.  John served in that capacity from 2007 through 2009.the Finance, Human Resources, Risk Management, Geographic Information Services, Special Districts, Purchasing and Information Services functions.  John served in that capacity from 2007 through 2009.
For More info Check www.WEREP.org

Update on Rancho Cucamonga Neighborhood Parks and Street Lighting Needs | November 22, 2013

Rancho_CucamongaOPEN TO ALL!

Meeting Nov 22nd, 2013
8:30- 9:30 am

Rancho Cucamonga residents and businesses value the City’s many parks and trails, as well as its street lighting and landscaping.  Unfortunately, many of the City’s assessment districts have insufficient funds to adequately maintain local parks, trails, greenery, and street lighting on the City’s west side. City staff is starting work to make homeowners and local businesses throughout the City aware of these funding shortfalls and service needs. This issue has been talked about in other areas of town in recent years, with property owners in the Victoria, Terra Vista and Caryn neighborhoods approving new assessment rates to preserve their parks and other services.The City is communicating with property owners in the western and southern areas of Rancho Cucamonga and getting feedback on their priorities for neighborhood parks and street lighting. Ten parks and over 9,000 street lights are maintained by these assessment districts, as well as trails and landscaping. City staff will be making a presentation about this issue at the November 22 meeting.

Join us!

www.WEREP.org

Team Title Guy supports… The West End Real Estate Professionals [WEREP]

WEREP… Such an awesome group to plug in to! 


Ryan J Orr 
909-447-9266

Scott Kueny
714-388-8200

www.TeamTitleGuy.com

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