By Brynna Luke, Nebraska Home Sales REALTOR®
They went on a short vacation and came home with the deed to a new house, where they planned to spend the rest of their retirement. Without any warning, they now had to sell their home in Nebraska.
They lived in another state and had an inherited rental property to sell; as part of a 1031 exchange they wanted to reinvest the proceeds from their sale in Nebraska.
She had recently lost her husband and felt the pull to sell her home of 40 years and move out of state to be closer to family.
His company was transferring him; thereby forcing his family to move once again. They’d been in their new home less than a year.
He needed to sell his rental property but lived 2000 miles away.
He had just inherited land in another state and wanted to sell it but didn’t have a single contact where it was located. Not even a Facebook friend.
Buying or selling property can be the result of the most careful planning, but in cases like these the decision to move can be quite unexpected, unwanted, and definitely unplanned.
How do you reinvest funds from a 1031? What do you do with the furniture you really don’t want to have to haul to a new state? How long is it going to take? How do you search for a home, or sell a home for that matter, when you don’t live within 1000 miles of it?
The fine details of a real estate transaction can be quite overwhelming for sellers and buyers who find themselves in scenarios like these. Mix family and work responsibilities together and one can easily find themselves in shut-down mode.
Having someone to help navigate the labyrinth of buying or selling can be a lifesaver. A third party to guide the transaction for you, while you handle the emotional and physical weight of everything else. Someone to connect you with all the right people, even if they or you are thousands of miles away, so you can proceed with your mind at ease.
We fill these roles and more as REALTORS®, your trusted real estate advisors. How can my team and I help you?