It is likely that you invested heavily in furniture, fixtures and other goods when you owned a vacation rental. You can easily spend a lot on furniture, fixtures and soft goods, especially if you own a large vacation home. However, many investors and vacation rentals buyers desire to purchase a complete property.
The funds will then be safe from the taxman and available immediately for allocation to a new property. The 45-day limit will be applied to your search for a property and you have six months to close the transaction. It is crucial to find your next property before you try to sell your rental property. This will ensure a smooth transaction. Section 1031 of The Internal Revenue Code provides additional information.
Be nice. Use your contacts to share information and contracts for housekeeping services, such as cleaning, handymen and cleaning. Many buyers appreciate not having the burden of finding helpers, but being able access to your existing relationships.
Photos are the first impression potential buyers get of your property. By hiring a professional photographer, you can sell the property more quickly and attract far more attention than your competition.
Be nice. You can share information with your contacts about housekeeping services such as cleaning, handymen, and cleaning. Buyers appreciate not having to find helpers but still being able to access your existing connections.
A vacation rental is more than a place to live. You likely spent a lot of money on it. It can also be an investment asset. When you are looking to sell your vacation rental, there are many factors you need to consider.
