Is there a time limit? do you specifically say it must be with a realtor?
The community home, located at ________________________________ shall be sold by agreement of the parties and any net proceeds shall be shared equally at the close of escrow.
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I agree with Mr. Sampair. The wording will suffice for many divorcing couples. There does not have to be a time limit and it does not have to state that a specific realtor is listing the house. There are other issues that might need to be included, though. Who is living in the house while the property is being sold? Who is responsible for mortgage payments? Who is responsible for HOA and other associated costs? What if the price needs to be negotiated? What if the price needs to be lowered? If someone is remaining in the house, is there a time limit to them staying there? What if the house does not sell and you both decide to rent the house out? I have had so many issues surrounding the marital residence since the market took a nosedive that it never surprises me when a new issue pops up. Try to think of every possible situation and cover your bases ahead of time. Just because you are both getting along now does not mean that it will continue to be that way in September. I am, unfortunately, speaking from experience.
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To schedule a free consultation in MESA, SCOTTSDALE, PARADISE VALLEY, PHOENIX, or TEMPE, AZ. Please call us at 480-840-3138. IF YOU FOUND THIS ANSWER "HELPFUL" or "THE BEST ANSWER," PLEASE MARK IT SO AS AVVO AWARDS THE ATTORNEY POINTS. All attorneys providing answers on this site are donating their time and not financially compensated.
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