Blog Stories A 10/10 Exchange For a 1031 Exchange

A 10/10 Exchange For a 1031 Exchange

By Living Room Realty, 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

  

Living Room Realty

Living Room Realty is a full-service real estate brokerage with four offices in Portland, one at the coast in Manzanita, and one in Vancouver, WA. At Living Room Realty, we listen and ask the right questions. We’re committed to being your most effective advisor and advocate. Our goal is your success.
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