For divorcing couples that own real estate, identifying all possible options and then making the best decision can be extremely difficult and complicated - but there is available a professional solution that can helpfully provide assistance and guidance.
A Certified Divorce Real Estate Expert (CDRE) is two things:
● A very experienced and successful Realtor and/or broker.
● A expert in the field of family law who has received extensive training to support the real estate needs in a divorce.
Three main services provided by a CDRE:
Education:
Real estate is in constant flux, and the state of the real estate market and trends impact how cases are handled. Your CDRE will consistently provide you with:
● Real estate market data and trends
● Lessons from cases that everyone can learn from
● Nuances of the real estate / divorce crossover
Resources:
Every case with real property will need information. A CDRE can be your one resource for all things real estate, including:
● Title documents: legal descriptions, deeds, property profiles
● Values: sight unseen and full reports, supported by expert testimony
● Challenges: foreclosures, equity buy-out questions, liens, creative settlement structures
Divorce Listings:
The listing of a house in a divorce case presents many challenges that CDREs are trained to handle, including:
● Mutual agreement on pricing, offers, showings, and terms
● Sale sabotage
● Court orders and proceeds distribution
The Benefits:
● Conflict is mitigated
● Judicial economy is promoted
● Lawyers are prepared and informed
● Clients are represented by a trained neutral
● Judicial economy is promoted
● Lawyers are prepared and informed
● Clients are represented by a trained neutral
To become a CDRE, an experienced agent must pass The Ilumni Institute’s rigorous months-long certification program. This program is application-only, and is taught by a faculty of family law attorneys, mediators, mortgage professionals, and real estate experts.
Neutrality As A Critical Value
In a normal home sale, common agendas and goals between the parties are the norms. Conflicting objectives often arise during a divorce, however, making difficult clear communication and determining an optimal outcome. Because of this, neutrality is absolutely critical. A CDRE trained in divorce proceedings actively listens to both parties, remains impartial, identifies points of leverage, and devises a strategy to facilitate the sale of the house. This intricate role demands a skill set that conventional real estate agents, lawyers, therapists, family members, and friends typically lack the expertise to navigate.
CDRE Vs. Traditional Real Estate Agent
In contrast to a typical Realtor, usually lacking divorce process-training and specific proficiencies in dispute resolution and negotiation, a CDRE ensures the swift and lucrative sale of the property while minimizing collateral damage. Throughout the process, a CDRE will providing clear communication to all parties and comply with all legal processes and requirements. Not only does this maximize results, it saves time, reduces headaches, and saves money.
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