So I am listening to a real estate radio show that airs in Tampa on Saturdays. And the host is talking about 1031 exchanges and says If your going to sell and buy another home for investment, why would you not defer the taxes? As if people are stupid for not executing a 1031 exchange. Let me answer that. If Im selling a piece of property to a 1031 buyer, I know that they have 180 to close. Do you think Im going to hold their feet to the fire on price? Absolutely. Most 1031 buyers will overpay on the deal because of the time restrictions. Im not saying dont do it, just beware if you have a savvy seller. Lots of times you would be better off to pay the taxes and be able to negotiate. Broker-Mike Perry
Posted on: Sun, 17 Nov 2013 16:44:04 +0000
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