Exchange Types
1. Simultaneous Exchange
In a simultaneous exchange, the relinquished property is sold and replaced property acquired on the same day, with concurrent closing. The simultaneous exchange is rare, and investors should still use an Exchange Accommodator when doing a simultaneous exchange.
2. Delayed Exchange
The most common method of exchange, the delayed exchange, allows investors to sell a property and then acquire replacement property within 180 days.
3. Reverse Exchange
The Reverse exchange allows investors to acquire replacement property prior to selling, the reverse exchange can be more complicated, however, as both the new replacement property and (Soon to be) relinquished property cannot be owned at the same time. Asset Exchange Company, as an Exchange Accommodator Titleholder, will need to go on title to one of the two properties involved in the exchange. Investors considering a reverse exchange should contact Asset Exchange e Company in advance (2 weeks) of closing on replacement property.
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