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Need help - first time home seller
Hello experts,
This is my first time selling a property and need some guidance. Appreciate any help/pointers. I have a town home (Tampa) which I want to sell and do 1031 exchange to buy an STR.
Need help with following:
1. I already found a buyer. Since I don't need an agent, how can I have this transaction done using the title company ? Can I directly contact the title company and they will help with escrow or Do I need to hire a lawyer who can help with both title company and sale ? Any recommendations for lawyers/title companies.
2. I want to do a 1031 exchange, currently town home is on my and my wife's name. Does the new STR, have to be on the same owners ? If yes, can we create an LLC on both of our names and then use that instead for STR purchase ?
Appreciate any help or known vendors who can help me with a good price. The bottom line is since I already did all the hard work, I want to see the best legally correct way to do the transaction.