Durham Real Estate Blog

What is A 1031 Exchange? A Detailed Explanation

What is a 1031 Exchange

If you’re thinking about selling or even buying real estate, you may have heard the term 1031 exchange come up before, but do you really understand what it is, and how to make it work best for you in terms of your real estate investment property? It’s fairly simple, if you understand the ins and outs of a 1031 exchange, and what it means come tax time.

How does a 1031 exchange work?

In simple terms, a 1031 exchange refers to Section 1031 of the Internal Revenue Code, but it’s a common term that comes up a lot in conversations with investors, title companies and real estate agents. There are certain things you need to do and not do to make a 1031 exchange effective, plus you need to think...

Greensboro's Top Neighborhoods For Searching Historic Homes

Historic homes in Greensboro NC

While some home buyers seek out new construction homes and neighborhoods with all the latest and greates features, others are searching for a unique piece of history to call their next home. That’s often what makes historic homes so popular, even among many of today's buyers. So if you’re ultimately searching for the perfect historic home in the Greensboro area, you may want to consider taking your search to one of these top local neighborhoods:

College Hill

Found between Downtown Greensboro and the university, College Hill...

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