I was referred to Dawna by a mutual friend when I started looking for my dream retirement beach house in Cayucos. Our journey together took three years with lots of looking and discussions to finally find me the perfect house. I can't thank Dawna and her amazing Executive Assistant Jodi for all of their patience, helpfulness and hard work on my quest to find the perfect home. Both Dawna and Jodi made me feel like they had all of the time in the world for me when I called with questions or concerns. Dawna is always cheerful and such a pleasure to work with. She is very responsive and extremely knowledgeable about the central coast. I highly recommend Davies Company Real Estate for all of your real estate needs. I wouldn't hesitate to use Dawna again and I did.... I used Dawna to sell my Paso Robles home after I purchased my new home. I once again found both Dawna and Jodi to be extremely professional and knowledgeable about the market. Dawna did a wonderful job of marketing my house and went above and beyond until it sold.
- Assemble a team of professionals: In advance of your sale, be sure to have an experienced real estate broker with 1031 exchanges, a strategic attorney, a knowledgeable CPA, a reputable accommodator, and a professional escrow company.
- Meet with advisors: Before listing the property to sell, meet with tax & legal advisors to determine tax consequences of selling property.
- Get forms in order: Have your real estate agent or broker include appropriate language in your listing and offer documents to formalize your intent to exchange. These may include preprinted forms for inclusion in the offer documents.
- Identify your search parameters: You will want to be searching for the upleg (new) property well before the downleg (old) property sale closes. As your accomodator will tell you, the time period for identifying your upleg property is limited. Make sure there are several options to buy to avoid buying a less desirable property just to comply with the exchange time periods.
- Confirm timelines: Make sure that all agents/brokers, escrow officers, and accomodators, whom are working on your behalf, are in clear communication and aware of timelines to encourage compliance with IRS exchange requirements.