Linda Lee's picture

Man Hopes Divorce Will Help Sell House

Posted to Relevant News by Linda Lee on Mon, 11/17/2008 - 12:24am

“I’ve been trying to sell this house for two years,” Chris Wealty said. He dropped the price from $850,000 to $599,000; still no interest. The house sits empty, once home to a married couple. They are trying to divorce, but settling the financial terms depends on selling this house in College Park, a neighborhood north of Orlando, Florida.

So he decided to advertise. On a large (and not very attractive) sign in the front yard, he wrote “3,400 sqft Lake View House: $599,000. Helping me get divorced: $ priceless $. 407 592 4964 (Husband)”

As he told the Orlando television station WESH, he and his wife had been married for 17 years, and had been in negotiations for several years over a divorce settlement. The house is in one of the nicer areas, former orange groves surrounded by lakes near the well-known Winter Park. It is not far from the modest bungalow where Jack Kerouac wrote Dharma Bums, a home that is now a writer’s colony.

But a nice four-bedroom, three bath house, a pretty view, a good neighborhood have not been enough. Housing prices in Orlando, which went up 34 percent from 2004 to 2005, have now dropped by 20 percent. One leading real estate expert, Robert Schiller, says Orlando prices will drop another 30 percent this year.

Thus Wealty’s desperation. If he doesn’t sell the house soon, he said, he faces foreclosure. One of his neighbors opined that putting up a sign airing dirty laundry was kind of “white trashy,” so the experiment hasn’t endeared him to the community. But his life, and his wife’s life, have moved on.

When asked what his soon-to-be-ex wife thought of the sign, Wealthy answered: “Well, to tell you the truth, I'm not real sure. We don't talk much these days except through lawyers.”

No kidding.

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