Sunday, February 25, 2007
The investment properties market moves fast. You are at a disadvantage when competing for property when you have to write offers contingent on the sale of another property. This is typical in a 1031 exchange when the relinquished property is either "in escrow" pending a closing or worse - not on the market or sitting there without offers. Buyers who are writing offers contingent free will have the upper hand. This is especially true on very well priced or attractive property. The reverse exchange can make you a contingent free buyer. There are hoops, yes. When have there never been hoops? And it costs more, sure. The benefits can be significant though.