Home Selling in 23185>Question Details

Amy Aldrich,  in Beaufort, SC

we are looking to trade either our commercial lot or city home to find a 2nd home up in Williamsburg VA

Asked by Amy Aldrich, Beaufort, SC Mon Jun 22, 2009

would take up to 200-k with purchase of our restored Historic Beaufort SC.home that is listed for 369-k how does each side work with the commissions ?

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1
Jim Mellen’s answer
You might think about a 1031 exchange. You still have to sell and buy in the traditional way but you have some tax advantages available. You should speak with your tax accountant or attorney to see if you benefit . I would think a trade might be a little more difficult but you never know!
0 votes Thank Flag Link Mon Jun 22, 2009
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