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Lucinda Tkach, Real Estate Pro in Phoenix, AZ

Do any agents have any suggestion for property exchange? I have a client that would like to exchange a home?

Asked by Lucinda Tkach, Phoenix, AZ Sun Sep 28, 2008

There home is located in Laveen, AZ, where value is declining significantly, however they have a fantastic home. They are looking to relocate to Chicago IL.

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1
A 1031 exchange is an option but it has to be like property for like property and you need someone in Chicago who is looking to exchange here. It's kind of a long shot but you can try placing ads in the Chicago area papers or their local web searches to see if anyone is interested. If you haven't done a 1031 exchange before I would highly recommend you take a class first. There are some things you will definitely need to know before you start.
0 votes Thank Flag Link Sun Sep 28, 2008
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