All Blog Posts Tagged 'swap' (4)

We are from Spain and own a brand new beach condo in Benidorm, Spain, near the Mediterranean sea, just 2 blocks away. Year built: 2007.

We  would like to make a house exchange with a house for a house in Florida, Seminole County, preferably Lake Mary, Oviedo, Sanford. Our property is on sale for 300 000 euros, if necessary we make an extra payment to pay for any difference…

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I am interested in a new home. Price is 320k. Broker is willing to buy my home for 189.9. I have 129k equity in my home. my bank requires me to have 5% of the asking price of the new home in my bank for 30 days. The bank considers this a swap, even though the broker is buying mine outright. I would think the equity in my home would be enough. I dont have 16k in the bank for this, so this is keeping me from doing this deal. Is there any way around this?

If I sold my house to Joe Blow, Than… Continue

By Mario J Raso, JD, ABR,EMS



Can't sell it, Exchange it!. If you can't sell your property then exchange it. Exchanging is about benefits....when one party has something you want and you have something they want, then exchange your property for his property. Exchanging goes way back in time when farmers, merchants, traders, and everyday people exchanged property for what they wanted without cash.



Section 1031 of the IRS code allows the deferment of taxes when exchanging… Continue

I have 4 acres with well water, septic, 3000 sqft steel building in a gated community. nearest town is Mayo FL north west Florida. Would swap for property in Panama, Thailand, Nevada. Assessed value 223,000 tax 1,960