Blog Stories A 10/10 Exchange For a 1031 Exchange

A 10/10 Exchange For a 1031 Exchange

By Molly Ozier, August 4, 2018

During my first week at Living Room, I got a call from my friend’s dad — “Hi Molly, seeing that my son plans on being in Portland permanently, I’d like to buy some property for him to manage and live in. I’m in California and will likely be planning a trip up in August to look at property. And I’ll be using a 1031 exchange.” Not ever having a client use a 1031 exchange before, I did what I do best and got to researching what it all entailed. Turns out, when you arm yourself with some of the best in the Portland biz, a 1031 exchange is a breeze for everyone!

Right away his son and I got to house hunting — taking video walkthroughs for his dad and scouting out property. To the delight and surprise of my client, within a week of chatting we had found the property and a few days later we were under contract for a beautiful retro, ranch in North Mt. Tabor. Having a successful exchange with the listing agent only 3 months prior gave us the boost we needed.

Never having seen the property himself made this a unique situation for my client. Putting his full trust in myself and my amazing mentor we guided him to the finish line seamlessly. Calling my client to congratulate him on a successful close, I was absolutely thrilled to hear we had exceeded his expectations, from the lender referral to the ease of the transaction. A 10/10 interaction, indeed!

Looking for a similar buying experience or interested in finding out the value of your home? It never hurts to reach out for more information.

Molly Ozier – (510) 599-7816

  

Molly Ozier

Broker

Why I'm a realtor has every bit to do with my past. I come from a long line of designers, small business owners, advisors, and jugglers (literally). My father, a highly regarded builder in Piedmont, CA, filled my childhood home with blueprints leaving me with a sense of nostalgia anytime I walk onto a construction site. Nothing brings back memories like the smell of sawdust for me. My mother, a therapist for 25 years, taught me the delicate balance of empathizing with others while taking care of myself and managing 10 things happening at once. A skill that has proven quite useful in my career. When I felt the time had come for me to expand my horizons, I looked North to Oregon and never turned back. I quickly fell in love with my new home and everything it had to offer - from the coffee shops to small businesses, I had found my place in Portland. Finishing my degree at Portland State University, I looked for what direction to go next. Unable to ignore my want to do something that removed me from behind a desk and use my armory of skills to advocate for others, I chose the path of a Realtor. Born with an instinctual will to never stop learning and growing as a person, paired with an inherent eye for seeing the potential in any diamond in the rough, I closed 12 transactions in the first year of my career. What I offer my clients are the tools and information necessary to make an informed decision. I strive to be an ethical resource for those around me. What direction you go is ultimately up to you, I'm just here to guide and inform you along the way. Whether purchasing a first home, ready to re-experience the thrill of buying and/or selling all over again, or looking to invest in this great state, my purpose is to be your advocate and key support system throughout our exchange and hopefully beyond.
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  • T: 510-599-7816
  • molly@livingroomre.com

Molly Ozier

Broker


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