Identifications should be made to the Qualified Intermediary (QI), who essentially is named the "principal" instead of the seller that started the exchange (the QI then becomes the principal in the "downleg" or final purchase to complete the exchange). The taxpayer has to be very careful to identify the property or properties using the address or legal description of the replacement property when relaying this to the Qualified Intermediary. If a property is not properly identified, the IRS may disqualify the property, jeopardizing the exchange. Note that many title companies own Qualified Intermediaries, which can make for a smoother process.... more
That would probably depend on how close to I-10 you were, but I would say that most homes do not get a lot of noise polution from the freeway if you are inside your home. If you're very close to the freeway and outside on the patio, that would probably be the only time you would notice. Please let me know if you would like help in searching for the right home. I work mostly in the Katy and Cy Fair areas, and I'd be happy to help.
Green Dawn Realty
Great question. Here a a link to a great source of info on subdivision price trends. ( http://www.har.com/neighborhoods/showSearchResults.cfm?subname=Fleetwood&PRICE_MIN=&PRICE_MAX=&SQURE_FEET_MIN=&SQURE_FEET_MAX=&BEDROOM_NUM=&BATHROOM_NUM=&YearBlt_MIN=&YearBlt_MAX=&County=%27Harris%27 ) The data is typically a year or so old, and a lot can happen in a year as we have seen. I am a native Houstonian and an accomplished Real Estate broker. I am more than happy to answer any questions you might have.