All Forum Posts by: Austin Heath

Biggest pain point is the pressure. You're in a weird scenario on the buying side when negotiating with a seller because you have to include in the offer and P&S that the purchase is part of an exchange so they know your clock is ticking. It takes away some of your negotiating power and may make you feel pressured to get a deal done that you shouldn't, just to save the taxes.

Obviously its ideal to have a property in mind or even an accepted offer before the closing date on your relinquished property, but that's easier said than done in many cases.

My biggest challenge by far was my qualified intermediary. They were horrible. Almost missed several deadlines and almost submitted closing disclosures that were done improperly and would have cost me 10's of thousands in taxes because they put everything (assuring meeting deadlines, and calculating all the correct numbers on the disclosures) on me. Find a good intermediary and don't go with one of the massive countrywide companies.