For many families, the home is the biggest asset in the relationship. With greater than 50% of American marriages ending in divorce, that largest asset can become the largest point of conflict during the settlement of the estate.
As part of their ongoing commitment to education, members of the Luxury Home Marketing Group took on this topic during their April board meeting. Board members questioned guest speaker Bob Watral of American Financial of Raleigh. Watral’s organization helps people and families with financial planning, including planning for the possibility of divorce.
The Luxury Home Marketing Group’s members represent homes in the $750,000 and up spectrum of the community in Raleigh, Wake County and the greater Triangle-area. Watral’s advice included details about how divorce can impact this specialty-end of the real estate market.
A recent Chicago Tribune article discussesd the financial, and emotional toll divorce brings to home sales. From the article:
In many divorces, “listing the home becomes another huge symbol of their losses,” said Deborah Innocenti, a Keller Williams agent in Ridgewood, N.J.
Read more in the full Tribune article.
The Luxury Home Markeing Group was formed in 2004 as a coalition of luxury home real estate experts, representing luxury home buyers and sellers by applying extraordinary real estate expertise and service in Raleigh, Cary, Wake Forest, Durham, Chapel Hill, Research Triangle Park and surrounding counties. Executive Board members are: President Linda Craft, Linda Craft & Teams, REALTORS®, Vice-President Jill Rekuc of Olde Raleigh Real Estate, LLC , Secretary: Kimberly Conroy, Coldwell Banker HPW, Treasurer Shawn Britt of Realty World-Triangle Living and Past-President Kathy Beacham, Coldwell Banker HPW. Members include Steina DeAndrade, Brenda Holden, Linda Bird Kolarov, Deborah Nance, and Lindsay Taylor.
The Luxury Home Marketing Group is always seeking strategic partners. If your business involves elite homes, and you are interested in membership, contact President Linda Craft at 919-235-6300.