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.
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!
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.