Sunday, February 22, 2009

Spoils of divorce found on real estate market

Divorce may be a personal tragedy, but it was the best thing that happened to real estate.

"It's rare to find couples who stay in the original marital home for 30 years anymore," says seasoned realtor Pamela Cyr, my agent and trusted confidante. "Happy couples move up and unhappy couples move out."

After 25 years in the business, Cyr has seen affairs of the heart create unexpected opportunities in real estate.

All hell breaks lose after Christmas, notes well-known Montreal divorce lawyer Andrew Heft.

"Starting around Jan. 5, we get a lot of calls. It happens every year. The holidays are like a pressure cooker. When they're over, the lid blows off. That's when the assets, like the house, become an issue."

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