"Gray Divorces" and Real Estate

By
Real Estate Broker/Owner with BROKER of Green Realty Properties® - 954-667-7253 BK3175566
http://actvra.in/Gk8

There was an article in Davie Town Times (one of our local news magazines) written by attorney Evan Baron on the subject of "Gray Divorces". For those of you who aren't familiar with that phrase (as I wasn't), it refers to baby boomers that are getting divorced later on in life. Here are a couple of statistics coutersy of Mr. Baron:

 

*Overall divorce rate over the last 20 years has declined.

 

*Divorce rate amongst couples over age 50 has doubled in the last 20 years.

 

Mr. Baron attributes the greater divorce rate to increased life spans, and the issue of people's mortality and wanting to enjoy the latter part of their lives. Unfortunately the person they married 30 years ago isn't the person they want to share the rest of their experiences with.

 

We know that with divorce comes real estate transactions. While children are usually the most significant issue in divorces amongst younger couples, the finances is the biggie in gray divorces. Property, which is usually the largest asset, often has to be sold; even if one spouse stays in the home, the other obviously has to find a place to live.

 

This is when we can be of help as real estate professionals. Unfortunately more and more of my listings are brought in due to divorce, so we're getting really familiar with how to deal with them in our office, and I'll tell you that it takes patience and a lot of compassion for both spouses to get through it. Despite the frustration that can come along with it (not always...we have one couple now that are still the best of friends), the reward of helping two people move on with their lives at the end of the transaction is awesome.

 

Posted by

If you or anyone you know need help Selling or Buying a Home in Broward & Miami-Dade Counties, please don't hesitate to call me at 954.667.7253

 

Help lots of people and have a great day!

Patty Da Silva, CDPE©, RESS®, AHWD®, e-PRO®, GREEN, CFS, TRC, RSPS

BROKER - REALTOR® Serving South Florida ::: 954. 667. SALE (7253) ::: Green Realty Properties®

Visit www.WeLoveSouthFlorida.com for SouthEast Florida's best properties.

 

 

Copyright © 2008 - 2014 By Patty Da Silva, CDPE©. All Rights Reserved.

Legal Stuff: This article (Contents) reflects the opinion of the author and it is not to be considered legal advice. The author is not an attorney or a CPA. If you are in need of legal or tax advice, it is recommended that you to contact a trusted professional advisor.

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Re-Blogged 2 times:

Re-Blogged By Re-Blogged At
  1. Joy Daniels 08/22/2012 05:46 AM
  2. Cheryl Ritchie 08/26/2012 06:25 AM
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Rainmaker
88,872
Leslie Leis and Dee Bundy
ERA Herman Group Real Estate - Fort Collins, CO
Sell Smart, Buy Wise & Live Well in Nrthn Colorado

Hi Patty, I followed Carra Riley's link over here and am glad that I did. I'd never heard of the term 'gray divorces' either and am saddened that it has become commonplace enough to need a term to describe it. I can see how its important to understand how to best help them through this time. Thanks for sharing.

-Dee

Aug 21, 2012 10:05 AM #12
Rainmaker
461,296
Patty Da Silva, Davie, Southwest Ranches Cooper City, Plantation, Weston, REALTOR
BROKER of Green Realty Properties® - 954-667-7253 - Davie, FL
Top Listing Broker

Jennifer, yes I feel the same. So far they've been a lot more civil. Maybe because the kids are already grown so that hotspot is out of the picture.

Dee, I know, it's sad, but it is becoming more popular. I'm glad that it helped!

Aug 21, 2012 12:02 PM #13
Ambassador
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Patricia Kennedy
Evers & Company Real Estate, Inc. - Washington, DC
For Your Home in the Capital

Great post, Patty.  It's really challenging when both people in the couple are friends, and I find out before one of the two spouses - and am sworn to secrecy.  It certainly does present issues that are not always easy to deal with.

Aug 21, 2012 12:08 PM #14
Rainmaker
609,357
Joy Daniels
Joy Daniels Real Estate Group, Ltd. - Harrisburg, PA

I am glad that your post was mentoined in http://activerain.com/blogsview/3412771/-hope-springs-and-gray-divorce  in Carra's post.  I had never heard the term Gray Divorce, but it makes a lot of sense.  I am reblogging your post.

Aug 22, 2012 05:42 AM #15
Rainmaker
288,617
Dianne Goode
Raleigh Cary Realty - Raleigh, NC
Realtor/Broker

I followed the Carra's reblog as well.  I haven't heard the term "Gray Divorce" before either, but it makes sense.   If the couple (or one of them) is styaing in the marriage for the sake of the kids, when the kids are gone it's time to re-assess.  I loved the movie "Hope Springs," but I don't know how realistic it is -- the habits of many decades are hard to change.

Aug 22, 2012 05:59 AM #16
Rainmaker
461,296
Patty Da Silva, Davie, Southwest Ranches Cooper City, Plantation, Weston, REALTOR
BROKER of Green Realty Properties® - 954-667-7253 - Davie, FL
Top Listing Broker

Patricia, thank you. Ouch that's a very tight rope to walk.

Joy, thank you! I'm glad you found it interesting!

Dianne, they sure are. I just think that one or both spouses come to a breaking point.

Aug 22, 2012 07:16 AM #17
Rainmaker
978,240
Sharon Alters
Coldwell Banker Vanguard Realty - Fleming Island, FL
Your Fleming Island Relocation Agents.

Patty, this is such an off the wall term - I thought it referred to divorces that were 'gray in terms' or whether they would go through or not. Totally wrong!

Sharon

Aug 23, 2012 07:01 PM #18
Rainmaker
461,296
Patty Da Silva, Davie, Southwest Ranches Cooper City, Plantation, Weston, REALTOR
BROKER of Green Realty Properties® - 954-667-7253 - Davie, FL
Top Listing Broker

Sharon, I know! No one goes gray anymore! That's what dye is for :o)

Aug 24, 2012 07:37 AM #19
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Andrea Swiedler
Berkshire Hathaway HomeServices New England Properties - New Milford, CT
Realtor, Southern Litchfield County CT

I followed Pat Kennedy over here, and now will be prepared to toss that term around. I had not heard it before. Interesting trend I have to say. But we are seeing this more here too.

Aug 26, 2012 04:55 AM #20
Ambassador
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Patricia Kennedy
Evers & Company Real Estate, Inc. - Washington, DC
For Your Home in the Capital

Hey, Patty,  I included this post in Last Week's Favorites.  Have a great week!

Aug 26, 2012 04:55 AM #21
Rainmaker
575,215
Valerie Zinger
House Proud Ottawa-Ontario-Canada - Ottawa, ON
Home Organizer
Patty. Isn't Patricia wonderful? Thanks to her I found this post. Gray divorce. Yikes. I thought it was going to be 50 shades. LOL
Aug 26, 2012 05:20 AM #22
Rainmaker
1,393,075
Andrew Mooers
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

On a happier note, do you think the success rate of two partners wearing the same blue and gold "R" is on the upswing or works more often than not?

Aug 26, 2012 06:01 AM #23
Rainer
237,386
Donald Reich
Prudential Centennial - New Rochelle, NY

Divorce listings can be tricky. You need to impress BOTH sides of the divorce with your listing presentation. You need to convice BOTH sides that a good offer is indeed a good offer. One spouse may reject you (or an offer) just to spite their ex.

 

And of course, the divorcing sellers need to have agreed where the money is going once the house closes!

Aug 26, 2012 06:55 AM #24
Rainmaker
656,562
Evelyn Kennedy
Gallagher & Lindsey, Alameda, California - Alameda, CA
Alameda, Real Estate, Alameda, CA

Patty:

That is such as sad situation.  Let's hope both parties have a gratifying and rewarding life after the divorce.

Aug 26, 2012 04:45 PM #25
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Erica Ramus
Erica Ramus - Ramus Realty Group - Pottsville, PA - Pottsville, PA
MRE, Schuylkill County PA Real Estate

Yes I had 2 people with 20+ years of marriage call me this week to list their homes. Sad.

Aug 26, 2012 06:29 PM #26
Rainmaker
339,475
Lloyd Binen
Certified Realty Services - Saratoga, CA
Silicon Valley R since 1976;408-565-8177

Pat's Favs brought me here.  I hadn't heard of "gray divorce" and it surprises me the rate has doubled.  I guess some of it is older guys with younger 'trophy' wives who make them feel younger.  I've been written into a semi-gray divorce decree for a court ordered sale and  I loved the job security. 

Aug 26, 2012 08:13 PM #27
Ambassador
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William Johnson
RE/MAX Associates - San Diego, CA
San Diego Real Estate Voice, GRI CRS e-Pro CDPE
Hi Patty, It feels like an epedemic. I have clients going through this right now and it is really awkward at best. Sadly, in bad economic times , much of the stress that it is putting on families makes divorce an even more significant issue today.
Aug 26, 2012 08:58 PM #28
Rainmaker
351,772
Debbie Cook
Long & Foster Real Estate, Inc - Silver Spring, MD
Silver Spring and Takoma Park Maryland Real Estate

Good name for it.  I too, thought the post was going to have something to do 50 shades.

Aug 26, 2012 09:02 PM #29
Rainmaker
313,710
Sandy Acevedo
951-290-8588 - Chino Hills, CA
RE/MAX Masters, Inland Empire Homes for Sale

I think that term is a misnomer. People start graying sometimes in their late 30's or 40's. It should be something like "AARP" divorces or "Senior Divorces" or "Hair Dye Splits."    LOL :)

Aug 27, 2012 11:30 AM #30
Rainmaker
461,296
Patty Da Silva, Davie, Southwest Ranches Cooper City, Plantation, Weston, REALTOR
BROKER of Green Realty Properties® - 954-667-7253 - Davie, FL
Top Listing Broker

 

Andrea, neither had I before this article, but definitely seeing it more.

 

 

 

Patricia, thank you! You too!

 

 

 

Valerie, yes she is! I enjoy her blogs very much! LOL You’re not the 1st one to think that!

 

 

 

Andrew, I can tell you my husband and I work and we wear the same blue and gold “R”!

 

 

 

Donald, you’re 100% right. That’s why I’m excited when I get friendly divorcees!

 

 

 

Evelyn, it is. I hope so too!

 

 

 

Erica, wow 2 in a week! Yeah very sad.

 

 

 

Llyod, oh I hope they’re not leaving for trophy wives, but whatever makes everyone happier I suppose.

 

 

 

William, it can be very awkward, I’ve dealt with that too. I’m sure the economy is one of the major factors today, you’re right.

 

 

 

Debbie, ha! I guess whoever coined it didn’t take the success of the book into consideration.

 

 

 

Sandy, LOL! That’s true! I’ve already got plenty of gray and I’m in my 30s.

 

Aug 28, 2012 07:19 AM #31
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