For Sale Single Family Property in Frisco, TX

[Isra Sriratana]

I'm looking to sell my property in Frisco, TX. The house is currently empty. It is a two-story 3 bed 2.5 bath 2,521 sq ft in great condition.

I moved from TX to GA and would like to 1031 properties near me for self-manage.

[Bruce Lynn]

#1 If you want to 1031....I would get your intermediary in place....@Jeff Nash I believe can assist you with that.

#2 Start looking at potential replacement properties where you want to put this money.

#3 We need to get this home on the market ASAP and sell before school starts...that's the best timing to maximize your sales price.  In school driven communities like Frisco we normally say all bets are off on pricing after school starts.

#4 If it has been a rental you can put up for rent and sale at the same time....if you'd really rather sell it, put the rent price up high, so that if it rents you're super happy with the price, but put the sales price competitive so if you really want to sell it, then it sells vs rents, but gives you the best of both worlds.   

#5 I think one thing you have to think about in today's environment is interest rates on your replacement property.   You're getting out of a 3-4% owner occupied loan now and very well could be going to 7-8% investor loan if you 1031....so do that math on that.