Category: News & Updates
1031 Transactions: What to Know
- Published on Monday, 16 May 2016 13:39
- Written by First National Title Company
- 0 Comments
Frequently, one must sell an existing property so that a new one can be purchased. However, did you know that when this swap occurs, one may be able to save money on taxes? It’s called a 1031 property exchange, and it can lead to significant savings in the event of a direct swap of non-homestead properties or the purchase of a replacement property a short time after a sale.
Closing on Your New Home Soon? Read This First!
- Published on Monday, 18 April 2016 11:55
- Written by First National Title Company
- 0 Comments
Whether you’re buying your first home or your last home, the period between an accepted offer and closing can be overwhelming. With all of the document gathering, scheduling, and moving arrangements, the thought of missing a detail is frightening!
Three Tips for Choosing a Title Company
- Published on Wednesday, 13 April 2016 10:25
- Written by First National Title Company
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Whether you’re buying or selling real estate, one of the best ways to ensure a smooth transaction is to hire the right professionals, particularly when you’re getting ready for closing. There are so many important details that have to come together, and you can’t afford to leave anything to chance as you approach your closing date.
Protect Your Investment with Title Insurance!
- Published on Friday, 18 March 2016 10:22
- Written by First National Title Company
- 0 Comments
Buying and selling real estate isn’t a quick process, and for good reason. A valuable asset is changing hands, as well as a lot of money. Most transactions run smoothly, with both the buyer and the seller operating in good faith. But sometimes you’ll encounter title defects (known commonly as title clouds) that can bring ownership into question. If title clouds are discovered, they must be resolved prior to closing.
Three Common Mistakes Made When Dealing With 1031 Transactions
- Published on Friday, 04 March 2016 11:04
- Written by First National Title Company
- 0 Comments
Chances are you’ve never heard of 1031 exchanges, but if you own an investment property and plan to sell it and purchase another, doing so as a 1031 transaction could be to your advantage. But prior planning is a must because the rules are complex, rigidly enforced, and can result in severe financial consequences for mistakes in execution.
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