Real Estate Closing News
Since 1991, IRC § 1031 has required the use of an impartial third party to hold the proceeds from the Relinquished Property sale until the close on the Replacement Property. This third party is known...
All 1031 exchanges regardless of the type have a 45-day identification period and a 180-day exchange period. For a 1031 exchange to be in accordance with IRC § 1031, within 45-days of the close of the...
In order to defer ALL capital gains and depreciation recapture taxes from the sale of the Relinquished Property the taxpayer must pay an equal or higher price for the Replacement Property than the...
One of the most common questions asked is whether or a not a vacation property qualifies for a 1031 exchange. There are three basic rules for including a vacation home in a 1031 exchange that were...
While a taxpayer cannot utilize a traditional, forward 1031 exchange when they are looking to buy replacement property prior to selling the relinquished property, they might be able to utilize a...
Below is a simple guide that can help determine if your situation qualifies for a 1031 exchange and if a 1031 exchange seems like the best option for your upcoming real estate transaction. Do you, or...
“Between Seasons”, it’s a great time for us at Agency Title Inc. to encourage realtors to visit our offices at Glenridge, Dixie Highway, New Albany and Bardstown, for updates and input on how we...
As accessibility of in-person and virtual real estate closing services increased in priority, Agency Title, Inc. adapted and built upon a 30-year foundation of reliability and friendly service. Two...
Internet searches for various title-services and real-estate terms are, no surprise, seasonal and cyclical. Right now, related to the “business of real estate”, the highest trending...