Posted by Tim Fierro (Tacoma, WA) on July 04, 2002 at 11:25:57:
If you and your wife are splitting 50/50, then selling retail and having no fees is real attractive. Your MIL will probably still price the home correctly, and you still get to sign to make sure it is a price you want. Any offers that come in, again you get to review the offer and decide whether or not to proceed.
I would take advantage of this ‘free’ help in the sale and get away cleanly and fast. The home is probably #2 on divorce couples lists of priorities to deal with after kids. If you can get this part of the divorce out of the way quickly and easily, I would do it.
Your MIL, as an agent, owes you and your wife a fiduciary duty to look out for your interests; and you get to review all contracts and must sign that the deal is acceptable to you. You should be just fine.