Real Estate Update in Palo Alto & Los Altos

$1,995,000                        Approx Sq Ft: 2714
Tranquil Home Setting on 1/3 ac Close to Downtown!  
Detached Single Family, 1 Story, Ranch, 4 Bedrooms, Ground Floor Bedroom, 1 Master Bedroom Suite, 3 Bathrooms, 1 Stall Shower, 2 or More Showers over Tubs, 2 or More Tubs, Separate Family Room, Breakfast Room, Separate Dining Room, Utility Room, Formal Entry, Extra [...]

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$1,398,888 Approx Sq Ft: 1982
4 Bedrooms, Ground Floor Bedroom, 1 Master Bedroom Suite, 3 Bathrooms, 2 or More Showers over Tubs, 2 or More Tubs, Family Room, Kitchen, Separate Dining Room, Laundry Area - Inside, Wall to Wall [...]

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Locating a Replacement Property BEFORE selling the Old Property was a common dilemma for exchangers before the year 2000. To remedy this problem, the IRS created Reverse 1031 Exchanges.
In simple terms, in a reverse exchange your Qualified Intermediary (QI) takes title to the New Property you wish to purchase and “parks” it until your Old [...]

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$949,999 Approx Sq Ft: 1096
Open House Showing
Saturday, May 26, 2007 1:30 PM - 4:30 PM
Sunday, May 27, 2007 1:30 PM - 4:30 PM
Charming Old Palo Alto Property
115 Santa Rita Ave., in Old Palo Alto, exudes Old World Charm with possibilities. It is located [...]

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Can someone make improvements to the replacement property in order to reinvest all the sale proceeds?
Yes. This type of exchange is known as a construction or improvement exchange. To make this exchange work, someone other than the investor or business owner (usually the Qualified Intermediary) must take title to the replacement property, make the improvements [...]

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