Sale of home due to divorce

[SD Realtor]

Hi pw –

Yepp I just submitted an offer to the Caminito Calor home here in Scripps. It is a fixer of sorts, but it is south of Pomerado where we really want to be. Yard wise it is just okay, the lot is a bit more then 1/4 acre but the orientation is not great. The privacy is really good though… Housewise the sf is good and the layout is pretty good as well. However it could use about 150k in work inside to get into the ballpark of being decent.

I think you may have mistook optimism for my defense of people making offers. I know we had that one stretch over the past few months in the spring where it seems like we had ALOT of people posting asking about buying and even starting off posts with “forgive me but I am submitting an offer…”

I don’t think I have ever said or even tried to imply the market is turning around or even close to it. What I have tried to do is defend those who are buying for other reasons besides trying to find the bottom of the market. It also seems that my statements about many short sales having offers on them, as well as fairly robust levels of activity for REOs in Mira Mesa and PQ, as well as quality properties in other areas may have left an implication that I was more “positive” on the market. If it did that was not the intent. The intent was to give a snapshot of the frustration that buyers have had of late. Right now I have several different offers in (from a few different buyers) on properties right now. Also another reservation for a 4S new home but to me that doesn’t count.

In all those cases the buyers know my stance 100% but they have weighed the factors involved and made thier choice accordingly. Now, on all of those properties, the buyers are prudently coming in aggressively but the properties are all short sales and very frustrating to deal with.

Anyways as far as my own offer goes it looks like I have been outbid by a few other people so looks like I am sol and am standing firm on my spot.

[CA renter]

I think TG is right on the money.

Offload that pig just as fast as you can, before the divorce settlement. That way, you know for a fact what you are working with. Maybe using one of our Realtors here would be good, as they know what’s going on and would probably be able to sell it quickly — as long as you cooperated with them

As an aside, both of my parents passed away last year within 2 1/2 weeks of each other. They were divorced, and I had to deal with handling all the affairs by myself. I needed to sell to pay other beneficiaries and just close everything out. Everything (four properties) was sold, w/ closed escrows, within 60 days, though one piece of raw land was in escrow for many months due to easement/survey work.

All this, right in the middle of the “credit crisis” in August/September. I had to instruct our realtor on what to do because she was still uninformed about what was going on in the credit/mortgage markets. I actually forced her to price low, and lower the price in big chunks just in the first couple of weeks.

Neighbors were pi$$ed at me for “ruining comps” and “giving the houses away” because I priced aggressively (about 30% below peak). A house next door to my mom’s just came on the market the other week — 19% less than my already “discounted” sales price.

IOW, if you want to sell, SELL! That means you have to know the market, and price it aggressively!!!

If you don’t have kids, I can’t think of a single reason to hold onto a house that would strain your finances as a single man. Besides, if you hook up with another woman at some point in the future, she might not like your wife’s “ghost” in the house and you might not be able to sell it then.

Whatever you do, good luck to you!!! At least you don’t have any kids. That’s the worst part of a divorce, IMHO.

[CA renter]

I think TG is right on the money.

Offload that pig just as fast as you can, before the divorce settlement. That way, you know for a fact what you are working with. Maybe using one of our Realtors here would be good, as they know what’s going on and would probably be able to sell it quickly — as long as you cooperated with them

As an aside, both of my parents passed away last year within 2 1/2 weeks of each other. They were divorced, and I had to deal with handling all the affairs by myself. I needed to sell to pay other beneficiaries and just close everything out. Everything (four properties) was sold, w/ closed escrows, within 60 days, though one piece of raw land was in escrow for many months due to easement/survey work.

All this, right in the middle of the “credit crisis” in August/September. I had to instruct our realtor on what to do because she was still uninformed about what was going on in the credit/mortgage markets. I actually forced her to price low, and lower the price in big chunks just in the first couple of weeks.

Neighbors were pi$$ed at me for “ruining comps” and “giving the houses away” because I priced aggressively (about 30% below peak). A house next door to my mom’s just came on the market the other week — 19% less than my already “discounted” sales price.

IOW, if you want to sell, SELL! That means you have to know the market, and price it aggressively!!!

If you don’t have kids, I can’t think of a single reason to hold onto a house that would strain your finances as a single man. Besides, if you hook up with another woman at some point in the future, she might not like your wife’s “ghost” in the house and you might not be able to sell it then.

Whatever you do, good luck to you!!! At least you don’t have any kids. That’s the worst part of a divorce, IMHO.

[CA renter]

I think TG is right on the money.

Offload that pig just as fast as you can, before the divorce settlement. That way, you know for a fact what you are working with. Maybe using one of our Realtors here would be good, as they know what’s going on and would probably be able to sell it quickly — as long as you cooperated with them

As an aside, both of my parents passed away last year within 2 1/2 weeks of each other. They were divorced, and I had to deal with handling all the affairs by myself. I needed to sell to pay other beneficiaries and just close everything out. Everything (four properties) was sold, w/ closed escrows, within 60 days, though one piece of raw land was in escrow for many months due to easement/survey work.

All this, right in the middle of the “credit crisis” in August/September. I had to instruct our realtor on what to do because she was still uninformed about what was going on in the credit/mortgage markets. I actually forced her to price low, and lower the price in big chunks just in the first couple of weeks.

Neighbors were pi$$ed at me for “ruining comps” and “giving the houses away” because I priced aggressively (about 30% below peak). A house next door to my mom’s just came on the market the other week — 19% less than my already “discounted” sales price.

IOW, if you want to sell, SELL! That means you have to know the market, and price it aggressively!!!

If you don’t have kids, I can’t think of a single reason to hold onto a house that would strain your finances as a single man. Besides, if you hook up with another woman at some point in the future, she might not like your wife’s “ghost” in the house and you might not be able to sell it then.

Whatever you do, good luck to you!!! At least you don’t have any kids. That’s the worst part of a divorce, IMHO.

[CA renter]

I think TG is right on the money.

Offload that pig just as fast as you can, before the divorce settlement. That way, you know for a fact what you are working with. Maybe using one of our Realtors here would be good, as they know what’s going on and would probably be able to sell it quickly — as long as you cooperated with them

As an aside, both of my parents passed away last year within 2 1/2 weeks of each other. They were divorced, and I had to deal with handling all the affairs by myself. I needed to sell to pay other beneficiaries and just close everything out. Everything (four properties) was sold, w/ closed escrows, within 60 days, though one piece of raw land was in escrow for many months due to easement/survey work.

All this, right in the middle of the “credit crisis” in August/September. I had to instruct our realtor on what to do because she was still uninformed about what was going on in the credit/mortgage markets. I actually forced her to price low, and lower the price in big chunks just in the first couple of weeks.

Neighbors were pi$$ed at me for “ruining comps” and “giving the houses away” because I priced aggressively (about 30% below peak). A house next door to my mom’s just came on the market the other week — 19% less than my already “discounted” sales price.

IOW, if you want to sell, SELL! That means you have to know the market, and price it aggressively!!!

If you don’t have kids, I can’t think of a single reason to hold onto a house that would strain your finances as a single man. Besides, if you hook up with another woman at some point in the future, she might not like your wife’s “ghost” in the house and you might not be able to sell it then.

Whatever you do, good luck to you!!! At least you don’t have any kids. That’s the worst part of a divorce, IMHO.

[CA renter]

I think TG is right on the money.

Offload that pig just as fast as you can, before the divorce settlement. That way, you know for a fact what you are working with. Maybe using one of our Realtors here would be good, as they know what’s going on and would probably be able to sell it quickly — as long as you cooperated with them

As an aside, both of my parents passed away last year within 2 1/2 weeks of each other. They were divorced, and I had to deal with handling all the affairs by myself. I needed to sell to pay other beneficiaries and just close everything out. Everything (four properties) was sold, w/ closed escrows, within 60 days, though one piece of raw land was in escrow for many months due to easement/survey work.

All this, right in the middle of the “credit crisis” in August/September. I had to instruct our realtor on what to do because she was still uninformed about what was going on in the credit/mortgage markets. I actually forced her to price low, and lower the price in big chunks just in the first couple of weeks.

Neighbors were pi$$ed at me for “ruining comps” and “giving the houses away” because I priced aggressively (about 30% below peak). A house next door to my mom’s just came on the market the other week — 19% less than my already “discounted” sales price.

IOW, if you want to sell, SELL! That means you have to know the market, and price it aggressively!!!

If you don’t have kids, I can’t think of a single reason to hold onto a house that would strain your finances as a single man. Besides, if you hook up with another woman at some point in the future, she might not like your wife’s “ghost” in the house and you might not be able to sell it then.

Whatever you do, good luck to you!!! At least you don’t have any kids. That’s the worst part of a divorce, IMHO.

[simonbart]

I have no intention of buying her out. I don’t want to live in a house with her ghost either.

Our current mortgage is 15yr fixed 4.85%. I don’t think I’ll ever get the chance to score one like that again.

I’m going to get an apprasial in the next week or two and start running the numbers.

We have a great fully contained guesthouse that is perfect for either renting out, elderly parents or guests. That should add a bit of bonus for any potential buyers.

[simonbart]

I have no intention of buying her out. I don’t want to live in a house with her ghost either.

Our current mortgage is 15yr fixed 4.85%. I don’t think I’ll ever get the chance to score one like that again.

I’m going to get an apprasial in the next week or two and start running the numbers.

We have a great fully contained guesthouse that is perfect for either renting out, elderly parents or guests. That should add a bit of bonus for any potential buyers.

[simonbart]

I have no intention of buying her out. I don’t want to live in a house with her ghost either.

Our current mortgage is 15yr fixed 4.85%. I don’t think I’ll ever get the chance to score one like that again.

I’m going to get an apprasial in the next week or two and start running the numbers.

We have a great fully contained guesthouse that is perfect for either renting out, elderly parents or guests. That should add a bit of bonus for any potential buyers.

[simonbart]

I have no intention of buying her out. I don’t want to live in a house with her ghost either.

Our current mortgage is 15yr fixed 4.85%. I don’t think I’ll ever get the chance to score one like that again.

I’m going to get an apprasial in the next week or two and start running the numbers.

We have a great fully contained guesthouse that is perfect for either renting out, elderly parents or guests. That should add a bit of bonus for any potential buyers.

[simonbart]

I have no intention of buying her out. I don’t want to live in a house with her ghost either.

Our current mortgage is 15yr fixed 4.85%. I don’t think I’ll ever get the chance to score one like that again.

I’m going to get an apprasial in the next week or two and start running the numbers.

We have a great fully contained guesthouse that is perfect for either renting out, elderly parents or guests. That should add a bit of bonus for any potential buyers.

[SD Realtor]

Having a granny flat definitely is an asset.

[SD Realtor]

Having a granny flat definitely is an asset.

[SD Realtor]

Having a granny flat definitely is an asset.

[SD Realtor]

Having a granny flat definitely is an asset.

[Author]

Posts