KNOCK KNOCK….

By Buddy Kane


 

 Who’s there?

Buyers. Lots of ‘em. More than there are Sellers, by a long shot. This isn’t news, but it’s gotten to the point that many agents are revisiting age old door knocking techniques used in the past to bring in new business. The agents I’ve spoken with are having a fair amount of success using this approach. To me, the idea of knocking on some one’s front door in the Covid era congers images of Carl Hanratty played by Tom Hanks in the movie Catch Me If You Can, responding with an abrupt “Go F@#$! Yaself”, slamming the door in my face.  

My experience in drumming up new listings has been on the phone. The idea of cold calling expired, and cancelled listings usually made other agent’s cringe.…

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Thinking of selling your non-primary residence or vacation home? You are most likely going to pay capital gains tax unless you do the following.

10 East Neck

One way to avoid capital gains tax on a vacation or investment property is a 1031 exchange. This involves using the profits of the sale to purchase another investment property, thus putting the proceeds back into real estate instead of your bank account. New Construction may be a good way to go but you must meet the 1031 timelines and guidelines. 


You must follow strict identification and timeline rules for a 1031 exchange to the letter:

  •          You must identify the exchange properties in writing within 45 calendar days of the closure for the relinquished property in accordance with one of the…

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