1031 Corp is one of the companies that can help you. You have to qualify for this type of exchange though.
If you need to know if you qualify for the exchange, I have an information pamphlet on these types of exchanges.
If you do not qualify for this 1031 exchange, you can sell the 2 properties outright to purchase the one property
Please feel free to contact me for more information
Best Regards,
Mary Ann
Hi Stacey,
What kind of properties are these? "trading" Real Estate is done all the time under a 1031 Exchange with the benefit being that the taxes on the sale (exchange) of the property are deferred.
However, 1031 Exchanges need to follow strict guidelines and monies must be held by an agent knowledgeable in 1031 exchanges. Not your Real Estate agent or attorney!
Stacey
Let me try to understand your question. You want two sell two properties as one. This will be a contigency clause meaning that you need to clarify if a person is interested in the one property they will need to purchase the other at the same time. This makes the house pretty much harder to sell unless you mean that (If you buy this house you get the other house) which is an incentive and makes it alot easier to sell.
Thanks
Angie Christodoulakos
Century21 Maria Realty
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