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4th Quarter 1031 Exchanges may Have Shorter Time Frames

When 180 Days are NOT 180 Days After closing on a Relinquished (old) Property, taxpayers typically have 45 days to identify new property and 180 days to complete the purchase for a successful 1031 Exchange. However, for exchanges started between October 18, 2022 and December 31, 2022, the timeline to complete the exchange is shortened. Many do

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What Buyers Should Know About the Inventory of Homes Available

If you’re thinking about buying a home, you’re likely trying to juggle your needs, current mortgage rates, home prices, your schedule, and more to try to decide if you want to jump into the market. If this sounds like you, here’s one key factor that could help you with your decision: there are more homes for

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Three Reasons to Buy or Sell a Home in this market

Less competition. This means your buyers can negotiate a better deal. In turn, your sellers will be able to negotiate a better deal on their next home, likely offsetting the concession on their existing home. Seller buy down. To attract more buyers, sellers can pay borrower discount points rather than reduce their list price. This provides a

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Two Things Buyers Can Do in Today’s Housing Market

It’s clear the 2022 housing market has been defined by rising mortgage rates. With rates on the rise, it’s also become more costly to purchase a home. According to the National Association of Realtors (NAR): “Compared to one year ago, the monthly mortgage payment rose to $1,944 from $1,265, an increase of 53.7%.” 1. Expand Your Search

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