Its pretty much common knowledge that if you buy a home from a couple in the middle of a divorce you are likely to pay below market value for the property. Sounds great, right?
Not so fast....as with every "deal" sometimes things appear better than they are.
Often one spouse is anxious to sell while the other is just plain anxious. A lack of agreement as to the price and terms of the deal between the Husband and Wife can cause all sorts of delays and aggravation for the buyers. Sometimes one spouse has signed the Exclusive Right To Sell Agreement with the listing broker while the other has no clue that the home is even being offered for sale.
The best advice is to just do your homework. Find out if both parties have signed an agreement to sell and are both parties on the same page when it comes to their motivation for selling.
Often getting a great deal can be very expensive.
Dec 29, 2010
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