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.
More CDRE Information