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A 1031 is a provision in the IRS tax code that allows landowners to defer paying taxes on the exchange of property. When selling a property with the intent to purchase another, the capital gains remain untouched during the exchange, which is particularly beneficial for land investors. However, despite the benefits derived from Section 1031, many
When selling your land, it’s important to have the most trusted advisors supporting you and helping you get the most out of your sale. However, this may be easier than it sounds. You could find a broker fairly easily, but without the proper research as to their qualifications and experience in selling rural property, you
Taxes may not be the most enjoyable topic to think about, but when it comes to buying land, it’s definitely a subject you shouldn’t let fall by the wayside. Case in point: The Section 1031 exchange. What is the Section 1031 exchange? As outlined by Kevin Teston of Mossy Oak Properties of Augusta in Augusta,
They say honesty is the best policy, and nowhere is that more true than when it comes to selling land. In order for your land broker to provide you with first-rate service, they need to know your property inside and out. However, the only way they can do that is if you’re upfront with them
Land specialists bring plenty to the table when it comes to selling land. However, besides experience and local knowledge, one of the most important advantages is the marketing power they can put behind your rural land for sale. “Great marketing is the key to the success of any real estate practice,” said William McOwen of Mossy Oak
Buying land is about more than just making a purchase – it’s an investment in your future. So it only makes sense to ensure whomever you’re working with is the right person for the job. With that in mind, it pays to know what questions you should ask your land broker when you first begin
When most people think of selling land, they imagine the typical process of listing the property, marketing it to buyers and hopefully attracting an interested party. “[On]The listing side of it, we spend a lot of time with the seller, spend a lot of time with the property, putting together a marketing packet, put it out there with
