Here is a divorce clause you probably would not have seen during the real estate boom: “Either party may unilaterally demand a 10 percent drop in the acceptable selling price and listing price every 60 days.”
It is something that a Sarasota couple parting ways agreed to in January.
Stacked-up listings and double-digit price declines — phenomena that have plagued the Southwest Florida residential real estate since mid-2005 — have skewed the rules for getting divorced.
Selling requires a lot more patience now, something often lacking in a divorce case for a variety of reasons. Couples severing their marital ties are being forced to either submit to a sacrifice sale or put up with each other longer. With homes often representing their biggest shared asset, the decision to wait is a weighty one.