our community: REAL ESTATE
Don’t Leave Money on the Table
By Maureen Griffin, Tara Stark Real Estate
T
he Parker County real estate
market is hot! “How hot is
it?” you ask – the latest avail-
able numbers from the North
Texas Real Estate Information
Systems, Inc. (NTREIS) already
show a median sales price
increase of 12.7 percent
over the same period last
year. Days on the market are
down 11.8%. Those two stats
combined confirm our proper-
ties are selling faster, and for a
higher price than 2017.
While those numbers might
not prompt homeowners to
up-and-move, they may trig-
84
ger investment property owners
to cash-out on their equity.
Wait! Before you “cash-out”,
Tara Stark with Tara Stark Real
Estate Group, Keller Williams,
advises us to think about doing
a 1031-Exchange.
“A 1031-Exchange allows
certain investment property
owners the opportunity to
take advantage of the equi-
ty they’ve accumulated to
purchase another investment
property, one of greater value,
and through the exchange, the
ability to defer some or all tax
liabilities”, says Stark. There
are those two dreaded words;
tax liabilities. Stark advises,
“Don’t let the tax lingo scare
you, the 1031-Exchange is a
common real estate transac-
tion we routinely assist our
clients with. We partner with
Qualified Intermediaries who
have solid credentials in 1031
Tax-Deferred Exchanges. We
will walk through the process
with you, making it seamless
as possible, because we are
committed to making-a-differ-
ence in our clients’ lives.”
“What about my CPA?
Can they help me with this