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Divorce and the House: Should You Sell or Stay? With Katie Lambert · Rooted in Money

• 0:00
  SPEAKER_00: Have you ever had that moment when you realize you're going to have to make big money decisions on your own?
• 0:05
  SPEAKER_00: Everything gets quiet.
• 0:07
  SPEAKER_00: A major life shift doesn't just close one financial chapter.
• 0:11
  SPEAKER_00: It asks you to begin again.
• 0:13
  SPEAKER_00: That's where Rooted in Money comes in.
• 0:15
  SPEAKER_00: I'm your host, Christina Huckle, Sloom Divorce Advisory Services.
• 0:19
  SPEAKER_00: Here, we get to the root of money, life transitions, and creating a financial future built with purpose.
• 0:25
  SPEAKER_00: So take a breath, settle in, and stay awhile.
• 0:28
  SPEAKER_00: Quick note: this podcast shares general information drawn from real experiences.
• 0:33
  SPEAKER_00: It is not specific financial advice.
• 0:35
  SPEAKER_00: Please consult your own qualified advisors before making financial decisions.
• 0:39
  SPEAKER_00: Now let's get into today's conversation.
• 0:45
  SPEAKER_00: Welcome to Rooted in Money.
• 0:46
  SPEAKER_00: My name is Christina, and I am your host.
• 0:48
  SPEAKER_00: And I'm so excited for our guest today, Miss Katie.
• 0:52
  SPEAKER_00: So thank you for being on the show.
• 0:53
  SPEAKER_01: Hi, thank you so much for having me.
• 0:55
  SPEAKER_01: I'm really excited to have this conversation with you.
• 0:58
  SPEAKER_00: Very, very awesome.
• 0:59
  SPEAKER_00: I know, especially for clients and prospective clients, housing can be a very tender subject, especially when they are going through a divorce.
• 1:09
  SPEAKER_00: So that's why it's so helpful to have someone like you in their corner.
• 1:13
  SPEAKER_01: Yeah.
• 1:14
  SPEAKER_01: Most especially when they're going through divorce.
• 1:17
  SPEAKER_01: It just, it's that added layer.
• 1:19
  SPEAKER_01: It's, let's just face it, it's stressful to sell your house anyway, right?
• 1:23
  SPEAKER_01: Now you're adding in the friction.
• 1:26
  SPEAKER_01: Now you're adding in the worry about everything else that's going on, maybe some grief in there.
• 1:32
  SPEAKER_01: Um, so that is something that I truly understand when the folks that I work with are going through that.
• 1:39
  SPEAKER_01: It's not just a house sale.
• 1:41
  SPEAKER_00: Yeah.
• 1:41
  SPEAKER_00: And speaking about just a house sale, can you kind of rewind just a little bit and share about your background?
• 1:49
  SPEAKER_00: Were you um doing just traditional real estate?
• 1:53
  SPEAKER_00: And then you kind of uh saw a need.
• 1:55
  SPEAKER_00: And can you tell me kind of how it it all came to be?
• 1:59
  SPEAKER_01: Sure.
• 1:59
  SPEAKER_01: It sort of unfolded a bit naturally.
• 2:01
  SPEAKER_01: So about 20 years, a little more uh or so, I got into the real estate world prior to that.
• 2:08
  SPEAKER_01: I was a mortgage originator.
• 2:10
  SPEAKER_01: So kind of was still in that same vein, but now I'm, you know, working with people and properties and more so on the asset side, right, than the financing side.
• 2:22
  SPEAKER_01: And I went through a divorce myself very early on when I first got my license.
• 2:29
  SPEAKER_01: And there were some mistakes that I made that I could see kind of looking in my rear view mirror, that I wanted to help others avoid making.
• 2:40
  SPEAKER_01: So is it a need?
• 2:42
  SPEAKER_01: Sure.
• 2:43
  SPEAKER_01: The you know, amount of divorces in the state of Arizona is quite a high percentage.
• 2:49
  SPEAKER_01: It's quite a high number.
• 2:50
  SPEAKER_01: So there's definitely a need out there.
• 2:52
  SPEAKER_01: There's a lot of couples that go through the process that do own a home or do own many homes.
• 3:00
  SPEAKER_01: However, mine was sort of more of a personal mission rather than looking at the percentages of divorces out there and wanting to jump in because of that.
• 3:11
  SPEAKER_01: Mine was more, I just don't want folks to make the same mistakes that I did.
• 3:16
  SPEAKER_01: And if I can eliminate a little bit of stress from that scenario for them and make it a little bit more smooth, then that really helps me too, if that makes sense.
• 3:29
  SPEAKER_00: Like I think divorce is any life transition, um, but divorce especially can be such a turbulent time.
• 3:40
  SPEAKER_00: You're juggling lots of things in the air.
• 3:44
  SPEAKER_00: I know for me as a CDFA certified divorce financial analyst practitioner, I'm working a lot with the pre and post-divorce budget, looking at all of the expenses, looking at the assets.
• 3:55
  SPEAKER_00: Um, and I think there's a lot to consider when somebody has a home and if one party especially wants to keep the home.
• 4:04
  SPEAKER_00: Do you have any pointers or recommendations?
• 4:07
  SPEAKER_00: If, let's say, hypothetical family, um, they have not too much debt, they each have a car, they have a home, decent equity.
• 4:17
  SPEAKER_00: Was there anything, any guidance that you would give them or factors to consider?
• 4:23
  SPEAKER_01: If one of the I call it the house spouse, okay.
• 4:26
  SPEAKER_01: So if one of the spouses wants to remain in the house, we're going to refer to that spouse as the house spouse.
• 4:33
  SPEAKER_01: And we'll refer to the other spouse as the out spouse.
• 4:36
  SPEAKER_01: Okay.
• 4:36
  SPEAKER_01: So we've got the house and we've got the out.
• 4:39
  SPEAKER_01: Um, if one of these spouses wants to become the house spouse, so wants to retain the home, um, and and it could be either party, right?
• 4:48
  SPEAKER_01: I see it often that it's either um, you know, mom or dad or whatever.
• 4:54
  SPEAKER_01: Um, but I feel like it's an it's more, I don't know if this is weird, but this is something that I've realized.
• 5:02
  SPEAKER_01: It's more of like an emotional attachment, more so than I'm thinking about the uh the finance part of it.
• 5:12
  SPEAKER_01: So I think oftentimes people are wanting to, you know, moms or dads either, or are are wanting to keep that home as more of a sentimental thing versus really thinking through the finances.
• 5:26
  SPEAKER_01: So if the house spouse wants to remain in the home, well, the biggest question is is can you afford it?
• 5:33
  SPEAKER_00: Yes.
• 5:33
  SPEAKER_00: And I think too, sometimes other variables might not be considered.
• 5:38
  SPEAKER_00: Like for instance, if there's a pool, you know, that's extra maintenance and chemicals and energy.
• 5:45
  SPEAKER_00: Um, if you need to eventually get the roof replaced, or if you need to get a new air conditioner, since we happen to be in the wonderful state of Arizona where it's hot and you need an air conditioner necessary.
• 5:56
  SPEAKER_01: Yeah.
• 5:57
  SPEAKER_00: Um, I think those are, you know, very valuable things to be able to consider.
• 6:02
  SPEAKER_00: Um many times I'll have clients where they just choose that they're going to sell and split the proceeds.
• 6:10
  SPEAKER_00: So can you kind of walk listeners through the benefit of working with a real estate agent that has specific divorce training and maybe how it's a little bit different?
• 6:20
  SPEAKER_00: Because I know for me, when I'm talking about traditional financial planning versus a CDFA, like one, I'm an advisor, the other one I am an analyst.
• 6:30
  SPEAKER_00: Um, I kind of look at advising like you're a general practitioner.
• 6:36
  SPEAKER_00: And then your analyst is kind of like you're a cardiologist.
• 6:38
  SPEAKER_00: You have an extra layer of specialized training.
• 6:41
  SPEAKER_00: So could you kind of walk us through the benefits of having a divorce real estate expert on the team?
• 6:47
  SPEAKER_00: Absolutely.
• 6:48
  SPEAKER_01: On the outside, looking in, it seems like it would be very similar to just a normal sale, just a normal transaction.
• 6:55
  SPEAKER_01: But we have to understand the biggest thing, and that is the feeling that's involved.
• 7:00
  SPEAKER_01: And oftentimes there's friction between the spouses, right?
• 7:05
  SPEAKER_01: And so when we are selling a home, there's a lot of communication involved in that.
• 7:10
  SPEAKER_01: There's strategy, there's planning, um, just a lot of sort of meeting of the minds, a lot of coming together.
• 7:17
  SPEAKER_01: And one thing that I have found to be extremely helpful is separating those conversations, right?
• 7:26
  SPEAKER_01: Like I'm having the same conversation with spouse one that I'm having with spouse two, but not at the same time.
• 7:32
  SPEAKER_01: Okay.
• 7:32
  SPEAKER_01: Now, spouse one is, depending on where they're at, is probably gonna pop off and tell me a lot of stuff about spouse two, right?
• 7:40
  SPEAKER_01: And spouse two is probably gonna do that that same thing when I talk to that spouse.
• 7:45
  SPEAKER_01: The biggest thing for me is eliminating that noise between the two of them, allowing them to get off their chest what they need to get off their chest, understanding what I need to extract for information to share with the other spouse.
• 8:00
  SPEAKER_01: So I'm just coming to the other spouse with the facts or the questions or the projected strategy without all of the noise that's attached to it.
• 8:10
  SPEAKER_01: And that has helped tremendously.
• 8:12
  SPEAKER_01: It seems like a really small thing, but that has helped tremendously.
• 8:16
  SPEAKER_01: So communications are separate.
• 8:19
  SPEAKER_01: Whereas with a transaction when you know the parties are are remaining together, that communication happens together, right?
• 8:26
  SPEAKER_01: So I'm copying everybody on emails, everybody we're conferencing all together on the phone where we have group text, that kind of thing.
• 8:34
  SPEAKER_01: Can't can't usually happen in these situations.
• 8:36
  SPEAKER_01: Now, there are times when it's fine, it's amicable, so that's not a big huge piece, but it tends to be a piece with the couples that I work with.
• 8:45
  SPEAKER_01: Another thing is I'm working with professionals like you.
• 8:49
  SPEAKER_01: I'm working with an attorney, I'm working with, you know, a financial analyst or guide.
• 8:55
  SPEAKER_01: I'm working with all of these other parties that I might not be working with with a traditional just regular sale with no divorce happening, right?
• 9:05
  SPEAKER_01: Yeah, that is true.
• 9:05
  SPEAKER_01: So I need to understand what will help those professionals and how I can make the process more smooth for my couple by providing the appropriate information to those professionals so they can do what they need to do.
• 9:20
  SPEAKER_01: They don't have to spend a whole bunch of time schooling me on what those things are.
• 9:24
  SPEAKER_01: That also helps my clients, especially when we're talking, you know, the attorney meter might be running.
• 9:30
  SPEAKER_01: Oh, yes.
• 9:30
  SPEAKER_01: That definitely helps my clients in that respect as well, because I understand what the attorney needs.
• 9:36
  SPEAKER_00: Yes, absolutely.
• 9:38
  SPEAKER_00: I I like to listen to a lot of uh content in this space.
• 9:44
  SPEAKER_00: I always like to continue learning.
• 9:46
  SPEAKER_00: And I kind of had this epiphany where um, at least in my practice, I tend to work with individuals and couples, usually kind of at the beginning.
• 9:56
  SPEAKER_00: Maybe they just verbalize that they want the divorce.
• 9:59
  SPEAKER_00: I have had some cases lately where maybe we're right in the middle of it.
• 10:03
  SPEAKER_00: But I think it is so helpful to be introduced to professionals that can kind of help you with the thinking and the preparing and the planning before maybe the attorney is engaged.
• 10:15
  SPEAKER_00: Uh, because in my professional opinion, I feel like it it could potentially, depending on the dynamics of the couple, reduce some of the conflict.
• 10:23
  SPEAKER_00: And I think too, um, I've had cases where, you know, maybe the client wanted to keep the home and they're adamant about keeping the home, and then we crunch the numbers and they realize they're short$900 a month.
• 10:34
  SPEAKER_00: Right.
• 10:35
  SPEAKER_00: And they still need to eat.
• 10:36
  SPEAKER_00: Um and then it becomes a very different conversation versus if they wouldn't have engaged those professionals to see kind of what the options even were, and they just immediately go to fight for it.
• 10:48
  SPEAKER_00: Um, it's kind of the equivalent of boarding the plane and then remembering you're supposed to pack your bags.
• 10:54
  SPEAKER_00: Yeah.
• 10:54
  SPEAKER_00: So you want to try to make sure that uh clients are doing things in the most uh accessible order, I guess you could say.
• 11:03
  SPEAKER_00: And I think it's very helpful to have professionals like you in their corner, especially if they're nervous, maybe they're needing to downsize the home and they're, you know, they like their community or they the schools or things like that.
• 11:17
  SPEAKER_00: Um, are there any recommendations that you would give if somebody now finds themselves in a situation where they are divorcing, they realize they aren't going to be able to afford the home, and now they kind of have to consider alternative options, whether that be renting or maybe downsizing.
• 11:36
  SPEAKER_01: Absolutely.
• 11:38
  SPEAKER_01: I have many couples that I do talk through the, okay, let's just rent it, you know, depending on what the market conditions are.
• 11:46
  SPEAKER_01: We always discuss what it would look like to sell first.
• 11:50
  SPEAKER_01: Sometimes those numbers don't quite work, right?
• 11:52
  SPEAKER_01: And sometimes every once in a while, a little bit, it's kind of happening now.
• 11:57
  SPEAKER_01: We're finding that those numbers don't work at all because the house, you know, might be selling for a little bit less at this point than what is owed.
• 12:06
  SPEAKER_01: Um we have a very frank, very real conversation about being in business with one another, because that's essentially what you're doing.
• 12:15
  SPEAKER_01: If you keep the home and you put a tenant in there, you're in business with each other now.
• 12:21
  SPEAKER_01: So how is that gonna work?
• 12:23
  SPEAKER_01: Does that does that make sense as you take a step back and take a bird bird's eye view of your goals?
• 12:30
  SPEAKER_01: Does is that going to work in the long term?
• 12:33
  SPEAKER_01: I actually just had this discussion with a couple the other day.
• 12:37
  SPEAKER_01: And they they stepped away from the conversation and decided to just move forward and sell it, even though the equity is not really where they would like it to be.
• 12:45
  SPEAKER_01: Because quite honestly, they don't want to be in business with one another.
• 12:49
  SPEAKER_01: Yeah.
• 12:50
  SPEAKER_01: They don't want something to happen at the home and somebody's got to fix it, and they need to communicate with one another.
• 12:57
  SPEAKER_01: They don't want to fight over who's paying for what if something happens, you know, like you said at the beginning of the show where an air conditioner goes out or something.
• 13:07
  SPEAKER_00: Yes.
• 13:08
  SPEAKER_01: They don't want to, oftentimes, once we really talk through what that looks like.
• 13:12
  SPEAKER_01: Now, I've been a landlord for a very long time.
• 13:14
  SPEAKER_01: I have several rental properties.
• 13:16
  SPEAKER_01: So I can come into the conversation from a place of really knowing the reality of what it's like to rent a home.
• 13:24
  SPEAKER_01: And and and it's essentially a business.
• 13:27
  SPEAKER_01: The other conversation that we tend to have, um, again, it depends on market conditions.
• 13:32
  SPEAKER_01: And right now I'm having the conversation a little more, is okay, uh, we can't sell it for enough.
• 13:38
  SPEAKER_01: We're gonna be underwater.
• 13:40
  SPEAKER_01: So does that mean we need to move into a short sale?
• 13:44
  SPEAKER_01: And that is uh short sales are something that, gosh, that's all that I did back in the downturn of the market, you know, a couple of decades ago at this point.
• 13:53
  SPEAKER_01: Um, but that's all that I did.
• 13:55
  SPEAKER_01: So I have that background.
• 13:57
  SPEAKER_01: And that becomes a really important piece of the conversation.
• 14:00
  SPEAKER_01: Because of course, with short sales, there are some other considerations that they they need to know about, they need to be aware of.
• 14:07
  SPEAKER_01: Once we have the conversation of, hey, here are all of your options, I see shoulders go relax.
• 14:15
  SPEAKER_01: Okay.
• 14:16
  SPEAKER_01: Now we actually know what the options are.
• 14:18
  SPEAKER_01: So we can build our strategy from here.
• 14:21
  SPEAKER_01: Whereas you had mentioned, you know, when you're first starting or first start thinking about divorce, there's a lot of unknown out there and there's a lot of fear.
• 14:30
  SPEAKER_01: So just knowing what your options are and that true information, that real data.
• 14:36
  SPEAKER_01: I'm very data-driven.
• 14:37
  SPEAKER_01: So I bring a lot of data, right?
• 14:39
  SPEAKER_01: I'm data girl.
• 14:40
  SPEAKER_01: You have to.
• 14:41
  SPEAKER_01: Um, once you have that data and you really understand what your options are, that I'm I'm gonna say eliminates a good portion of the stress right there.
• 14:51
  SPEAKER_00: Agreed.
• 14:52
  SPEAKER_00: I think it definitely can make it a more efficient process.
• 14:55
  SPEAKER_00: Um I like the line, I may get it tattooed one day, but the best way to fight fear is with information.
• 15:02
  SPEAKER_00: And so uh my practice is very collaborative.
• 15:05
  SPEAKER_00: I am in the financial lane, but when a client has real estate or if they have mortgages, you know, I'm always uh trying to facilitate some kind of introduction with a professional like yourself or a CDLP certified divorce lending professional.
• 15:22
  SPEAKER_00: Because sometimes, you know, clients like you don't know what you don't know.
• 15:26
  SPEAKER_00: And they may think, oh, I'm gonna be able to sell the home for X amount and I'm gonna have this cushion to live on.
• 15:32
  SPEAKER_00: And then, you know, you do the data and you're like, actually, you're underwater.
• 15:36
  SPEAKER_00: Yeah.
• 15:36
  SPEAKER_00: Um, it it changes things quite a bit.
• 15:39
  SPEAKER_00: Um and so the work you do is just super, super important.
• 15:43
  SPEAKER_00: And I think what's what's also so cool about you, and what I really, really admire is, you know, we connected, we have a mutual desire to help people, especially women.
• 15:56
  SPEAKER_00: I know we both serve men, women, and couples.
• 16:00
  SPEAKER_00: Um, but you have put together this really cool group called the Divorce Defenders.
• 16:06
  SPEAKER_00: Hey.
• 16:06
  SPEAKER_00: Yes.
• 16:06
  SPEAKER_00: Yeah.
• 16:07
  SPEAKER_00: Do you want to talk about that for just like one just a little bit?
• 16:10
  SPEAKER_01: So the idea was born really out of me starting to work with more and more divorcing couples and realizing that they need other professionals as well.
• 16:23
  SPEAKER_01: They need somebody like you, right?
• 16:25
  SPEAKER_01: They need um somebody like Miranda, who's on the team that really works through emotions.
• 16:32
  SPEAKER_01: So I started to realize that, oh my gosh, like there are so many other areas that I personally can't cover.
• 16:40
  SPEAKER_01: Yes, I can refer, but what if my favorite professionals that are in those areas came together and we worked together on these things and we helped our couples together.
• 16:54
  SPEAKER_01: So uh that's where really the divorce defenders was born.
• 16:58
  SPEAKER_01: And thank you so much for accepting my invitation to be on the team.
• 17:04
  SPEAKER_01: You're certainly a really important part of it.
• 17:07
  SPEAKER_01: Um, and certainly something that, you know, everybody really needs is the guidance that you offer.
• 17:13
  SPEAKER_01: And I'm just finding that the more that we work with clients together, with couples together, the better we get to know one another and really our craft.
• 17:23
  SPEAKER_01: So it's been a cool experience.
• 17:25
  SPEAKER_01: And that's I've really enjoyed it.
• 17:27
  SPEAKER_00: Yeah.
• 17:27
  SPEAKER_00: And I think there's there's so much value.
• 17:29
  SPEAKER_00: You do a great job with education.
• 17:31
  SPEAKER_00: You know, they can go, I think you have some great checklists on your website, you've got a great blog, you've been doing workshops, and you're you're just a great educator and you're a great advocate for clients, which I really, really admire.
• 17:43
  SPEAKER_01: Thank you.
• 17:44
  SPEAKER_00: Um if somebody was hearing or sensing that a divorce is coming and they do have to consider housing options and real estate, I know sometimes it's kind of like they're staring at this gigantic maybe iceberg.
• 18:01
  SPEAKER_00: And sometimes we need to break it down into smaller pieces and give them crushed ice.
• 18:05
  SPEAKER_00: So if there was just one thing that you could, you know, tell them was an action step that they could do today or this weekend, what would that be?
• 18:14
  SPEAKER_01: Definitely get a hold of one of those checklists that you just mentioned.
• 18:17
  SPEAKER_01: And I believe that you have uh similar content as well, a similar checklist.
• 18:22
  SPEAKER_01: We're data people.
• 18:23
  SPEAKER_01: So we have checklists.
• 18:24
  SPEAKER_01: Like this is just a thing we have, right?
• 18:26
  SPEAKER_01: Yes.
• 18:26
  SPEAKER_01: And the reason why I say that is because when we are heightened, when we are feeling emotional, when we are feeling grief, like we lose access to our resources, right?
• 18:36
  SPEAKER_01: Where we may have may know the documents that we should probably collect and be familiar with before we meet with you or meet with me or go into mediation or whatever.
• 18:46
  SPEAKER_01: We may understand what those are, but when we're in that fight or flight sort of existence, we may miss some things.
• 18:55
  SPEAKER_01: So having a checklist and getting all of your documents together and getting all of your data organized, I think is like packing your bags when you get on the airplane before you get on the airplane, right?
• 19:08
  SPEAKER_00: Yes.
• 19:08
  SPEAKER_00: Yes.
• 19:09
  SPEAKER_00: No, a hundred percent.
• 19:10
  SPEAKER_00: And I think the more data and the more information that the parties can have, hopefully the easier it will be to have conversations.
• 19:18
  SPEAKER_00: I mean, they're not easy conversations, but I believe that with the right tools, people can do hard things.
• 19:23
  SPEAKER_00: They just have to choose their hard.
• 19:25
  SPEAKER_00: Um and so I think that's really, really wonderful advice.
• 19:30
  SPEAKER_00: And yes, I did a training just recently where we talked all about the amygdala being hijacked and how it's very, very helpful to have tangible things like those checklists or templates or, you know, looking at different tools to kind of help you make sure you have all of the information before you make a decision.
• 19:47
  SPEAKER_01: Absolutely.
• 19:48
  SPEAKER_01: And, you know, one thing that I want to add about the house spouse, because of course we're talking about a sale and about, you know, them them selling the home, but a lot of times people do keep the home.
• 19:58
  SPEAKER_01: And I want your audience and listeners, followers to understand that a professional is important in that particular process as well.
• 20:09
  SPEAKER_01: You might think, well, why would I need to talk to you, Katie, because I'm not selling the house.
• 20:14
  SPEAKER_01: Well, let me tell you, there's some things that you should understand about your home that you might not understand about your home if you are keeping it.
• 20:24
  SPEAKER_01: And what do I mean by that?
• 20:25
  SPEAKER_01: It's not just the budget.
• 20:26
  SPEAKER_01: It's not just, hey, can I afford it?
• 20:28
  SPEAKER_01: Can I afford if something goes wrong?
• 20:30
  SPEAKER_01: Can I refinance the mortgage?
• 20:32
  SPEAKER_01: It's not just that.
• 20:34
  SPEAKER_01: It's, I'm gonna pull a title report because I wanna see if there's any clouds on that title.
• 20:39
  SPEAKER_00: Well, that is so that is such a good tip.
• 20:43
  SPEAKER_01: I'm gonna pull a clue report because maybe my spouse was who handled the insurance and I didn't know that there was an insurance claim that he or she pocketed and you know, spent the money elsewhere.
• 20:54
  SPEAKER_01: That's happened.
• 20:56
  SPEAKER_01: Oh, wow.
• 20:57
  SPEAKER_01: I'm gonna make sure there's not a home equity line of credit and my spouse has the ATM card in his pocket or her pocket.
• 21:04
  SPEAKER_01: Like there are things that you really need.
• 21:06
  SPEAKER_01: I'm gonna inspect the house.
• 21:07
  SPEAKER_01: That's a big one.
• 21:08
  SPEAKER_01: Yeah.
• 21:09
  SPEAKER_01: Because maybe the out spouse was in charge of that.
• 21:12
  SPEAKER_01: And, you know, perhaps they may or may not have kept up on the appropriate maintenance.
• 21:16
  SPEAKER_01: And now I have a bunch of deferred maintenance that I have to factor into my budget.
• 21:20
  SPEAKER_01: So this these are things that a lot of times people don't think about when there isn't a sale involved.
• 21:26
  SPEAKER_01: They're like, well, I live in the place, I know everything about it.
• 21:28
  SPEAKER_01: I guarantee you don't.
• 21:31
  SPEAKER_00: Yes.
• 21:32
  SPEAKER_00: Yes.
• 21:33
  SPEAKER_00: It's definitely interesting being a homeowner and all of the unique experiences you have as a homeowner.
• 21:38
  SPEAKER_00: Yeah.
• 21:39
  SPEAKER_00: Um, you get to learn the aisles of Home Depot pretty well.
• 21:43
  SPEAKER_00: So very good.
• 21:45
  SPEAKER_00: Well, tell me a little bit about um, you know, do you feel like clients ever ask you if they should sell the home before or after the divorce is final?
• 21:56
  SPEAKER_01: Yeah.
• 21:56
  SPEAKER_01: Yeah.
• 21:57
  SPEAKER_01: And that conversation really ends up getting my advice ends up being that's a legal question because there are some things in there that are not my expertise that may affect the your scenario.
• 22:16
  SPEAKER_01: So you really should get some legal advice on that.
• 22:20
  SPEAKER_01: I don't touch legal.
• 22:21
  SPEAKER_01: That's not my lane.
• 22:22
  SPEAKER_00: Same, same.
• 22:23
  SPEAKER_00: Yep.
• 22:24
  SPEAKER_00: We do a great job of documenting the questions that are great for uh consultation.
• 22:30
  SPEAKER_00: Um yeah, I think sometimes, especially with housing, it's just such a unique topic.
• 22:37
  SPEAKER_00: I have some clients who, you know, they they never owned a home and they were renting the whole marriage.
• 22:45
  SPEAKER_00: And when it comes to the settlement, you know, maybe numbers are a little bit lower because they don't have a home to kind of sell and split the proceeds.
• 22:54
  SPEAKER_00: If somebody were having to rent or kind of factor in some of those other housing decisions, do you have any recommendations for them?
• 23:03
  SPEAKER_01: Absolutely.
• 23:04
  SPEAKER_01: That's actually a really big conversation.
• 23:07
  SPEAKER_01: And it it matters when we're having the conversation about what we're going to do with the house, where we're going is a really, really big conversation to have.
• 23:18
  SPEAKER_01: I often do have my outspouses or say they sell it and go both go their separate ways.
• 23:26
  SPEAKER_01: I often do have them renting first.
• 23:29
  SPEAKER_01: It just seems like the more natural progression for them.
• 23:34
  SPEAKER_01: It's less for them to worry about.
• 23:35
  SPEAKER_01: I'm not saying everybody does that, or I'm not, you know, necessarily saying that that's the best route to go.
• 23:41
  SPEAKER_01: But I have more people do that than not.
• 23:45
  SPEAKER_01: And it just gives them a second to breathe.
• 23:47
  SPEAKER_01: Maybe it gives them an opportunity to check out a different part of town that they might not be familiar with and get that fresh start.
• 23:55
  SPEAKER_00: Yes.
• 23:56
  SPEAKER_01: A lot of people are looking for that fresh start, especially if they are selling the home.
• 24:01
  SPEAKER_01: So oftentimes that does look like leaving the immediate area.
• 24:05
  SPEAKER_01: Not always, because we got maybe, you know, maybe we have kiddos in school, which is going to factor into that conversation as well.
• 24:12
  SPEAKER_01: And then, I mean, the biggest piece of that is budget.
• 24:16
  SPEAKER_00: Yes.
• 24:16
  SPEAKER_00: That drives a lot.
• 24:18
  SPEAKER_00: It does.
• 24:19
  SPEAKER_00: Well, I just want to say thank you again for taking the time out of your day to uh answer some really great questions and be here on the podcast.
• 24:28
  SPEAKER_00: I really admire you and all of the work that you're doing in the community.
• 24:32
  SPEAKER_00: If somebody wanted to reach out to you, what would be the best way to do so?
• 24:36
  SPEAKER_01: The best way to contact me is through our website.
• 24:40
  SPEAKER_01: And it's a very short uh web address.
• 24:43
  SPEAKER_01: So hopefully it's easy to remember.
• 24:45
  SPEAKER_01: It's evoaz.com, and that is spelled evaz.com.
• 24:51
  SPEAKER_00: Awesome.
• 24:51
  SPEAKER_00: Well, thank you so much again, Katie, for coming on.
• 24:54
  SPEAKER_00: And I am so grateful for everything that you do.
• 24:57
  SPEAKER_00: Yeah, you're the best.
• 24:58
  SPEAKER_00: Thank you.
• 24:58
  SPEAKER_00: It was fun.
• 24:59
  SPEAKER_00: Absolutely.