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HELP! I need advice about my 1031 tax-deferred property exchange in Arlington!

Q: Are there time restriction requirements for my Section 1031 exchange?

A: Yes. After your property sells, the qualified intermediary (QI) receives the cash. After that transfer, you have 45 days to identify your replacement property(s). It is also mandatory that you close on your new property within 180 days of selling your previous property, or (the due date of the taxpayer’s federal tax return for the year in which the relinquished property was transferred, whichever is earlier). (Federation of Exchange Accommodators)

You will have 135 days to close on your replacement property if you designate your replacement property in exactly 45 days. (Bloomberg/BNA, April 12, 2011).

Please keep in mind that these requirements are strictly enforced. Be sure to work with your chosen Arlington Realtor to make sure you stay within the timeline. If you do not have an agent yet, we are specialists in the area and can help.

Getting it SOLD for YOU!

Ken Courtade

The Yes I Ken! Team

703.981.4646

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Three Top Things to Do to Get Your Home Sold – Part Three of Three

What is the third item to focus on to get your home sold?

MARKETING

Your success depends on a carefully crafted marketing campaign that exposes your property to as many prospective buyers as possible – the biggest pool.

So, first. keep in mind that one of the top sources of buyers Read the rest of this entry »

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Three Top Things to Do to Get Your Home Sold – Part Two of Three

What is another of the top things to focus on to get your home sold?

CONDITION

Is your home in move-in condition, all polished and ready to sell? Is it meticulous like you would want a car on a carlot to be or flawless like you would want a pair of pants to be at a fine clothing store?

Have you fixed any squeaks, Read the rest of this entry »

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Three Top Things to Do to Get Your Home Sold – Part One of Three

What are the top things to consider in your home sale – to get it SOLD? We will talk about three. One right now and the others coming up in future blog posts.

PRICE

It’s the most common culprit of a home not selling.

Read the rest of this entry »

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Price It to Sell – Or It Might Very Well Not

Why price to sell at market price and not “try” for a higher price?

Experience show us that the fact is the right price sells a home faster than any other factor. When the listing price is even 5% higher Read the rest of this entry »

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