Real Estate Divorce Speciialist play an important role in a divorce sale. They are an agent who specializes in divorce sales. These professionals have a unique skill set and go beyond the typical real estate agent role. They play a multifaceted role during the property sale process and understand the legal and emotional dynamics involved in divorce.

Two new changes to the real estate sector. The BC government has announced a new Flipping Tax starting January 1st 2025. The proposed BC Home Flipping Tax will apply to any home or property zoned for residential use sold within two years of purchase.

When you are going through a divorce and you are deciding what to do with the marital home. There are generally 3 options, buy out the other spouse, sell the house, or the couple can continue to co-own the house.

Conducting a title review is so important when selling a home as it brings transparency to the sale of the home and it can help protect buyers from potential legal issues and disputes that may arise in the future.

The spouse who is buying out the other, will pay a lump sum and incorporate any equity that has been accumulated over the marriage. The spouse who is taking over the home will need to apply for a refinance in only their name and go through the mortgage pre-approval process.

With the internet and mobile devices taking the market by storm, buyers have unprecedented access to property information at their fingertips, without depending on a real estate agent. Most public information is partial or outdated information that many online sources provide. A real estate agent has access to the latest and most current information days before it becomes public knowledge.

There are really two phases when it comes to preparing your home. The first phase is getting ready for the market and the second phase is getting ready for showings. Let’s start with the first phase, getting ready for the market, the best way to do this is to walk around your entire home with a notepad paying careful attention to everything.

Do you need to be close to schools, public transit, highways, or work? Those can be huge factors when choosing an area to live in. It is important that you scout the neighborhood in person. You live in more than your house.

There are other costs to consider. These closing costs and additional expenses can impact your offer, the size of your down payment, and the amount of mortgage you qualify for, so be aware of these costs from the start.

The first step is to be sure you understand how the market conditions affect the price you choose. Markets change from city to city and from neighborhood to neighborhood, the value of your home is determined by supply and demand. If there are a lot of sellers and few buyers, prices tend to go down and homes take longer to sell, this is referred to as a “buyer’s market”.

Choose a team of professionals to guide and support you through a divorce. These individuals help you to maintain sanity, make sound choices, and keep you moving through.