Listing a property for sale can be stressful enough when both owners are on the same page but it is even more difficult when the two owners are at odds with one another. The Realtor® is often caught in the middle. What are some things to take into consideration when listing a property for sellers who are divorcing?
Owners’ Consent
All owners of a piece of real estate need to sign the listing agreement unless there is a court order stating that only one of the parties is responsible for selling the property. The listing agent should request a copy of the recorded court order in its entirety and keep it as written proof as to why only one of the sellers signed the listing agreement. An agent should not move forward with listing the property unless they receive this document. If the divorce is not final or if a legal separation has not been filed, then.. Read More