Here are 4 key factors to consider:
First, are you using and enjoying the property as planned? Some properties may not produce the cash flow you anticipated or have your plans changed?
Second, exchange for another property. There may be another property locally or in another market that is a better fit for your current needs. There are also some opportunities to utilize 1031 tax free exchange, Under Section 1031 of the United States Internal Revenue Code, you may be able to defer capital gains and related federal income tax liability on the exchange of certain types of property. Please consult your tax advisor to see if you would qualify.
Third, you need to move. Sometimes life circumstances bring on the need to sell your property. When this occurs, interview and hire the best marketing agent that will sell your home at the highest price and see that it closes with a very smooth process.
Finally, profit taking. Has the value of your home reached the point where it makes sense to take a profit and move on to a better property to exchange into?
The team at the John Martin Group has over 10 years of experience marketing and selling luxury homes in Walton County. John and his team have an impeccable reputation for outstanding results and customer service. John consistently receives rave reviews from clients. If you are considering selling, contact John Martin at 850-714-3731 or john@johnmartin30a.com and he would love to meet you and discuss your goals.
