We represent homeowners, banks, investors, and fiduciaries in all aspects of real estate closings. Let our experienced team handle your title search, title review, real estate closing and title insurance needs. We handle closings in compliance with South Carolina law for home and land purchases, REO (Real Estate Owned) closings, refinances, and HELOCs. We work closely with real estate agents and lenders to make the closing experience as smooth as possible.
Contract drafting and review is available for all South Carolina real estate or lending matters.
Let us handle your deed preparation, power of attorney drafting, zoning appeals, tax appeals, and title resolution matters.
We can handle your North Carolina commercial and residential real estate closings.
Titling your Real Estate Assets
Let us help guide you on what type of deed is best for your particular situation. Your options are not limited to the standard Tenants in Common or Joint Tenancy with the Right of Survivorship. You may want a Tenants in Common with Indestructible Right of Survivorship or a Life Estate Deed. Other options may include titling your property in a trust or an LLC.
It is important to make sure your assets are titled consistent with your Estate Plan. Depending on how your will or trust is structured, your property may be better titled one way over another.
Call us to see how we can help.
A 1031 exchange is an exchange where a taxpayer can dispose of investment or business assets and acquire replacement property to defer the tax that would normally be due upon the sale of the business property. The term "like kind" exchange means that the replacement property must also be held for investment or used in trade or business. IRC Section 1031 applies to many types of assets. It is commonly used when exchanging real property that has increased in value. A qualified intermediary is used to prevent actual or constructive receipt of the funds by the seller, so the taxes can be deferred.
There are strict time frames on a 1031 exchange. A few of the important time frames:
- The seller (or exchanger) has 45 days from the date he sells the property to identify potential replacement property.
- The purchase of the replacement property must be completed by the earlier of the 180th day after the transfer of the first property or the due date (including extensions) for filing their tax return for the tax year in which the transfer of the first relinquished property occurs.
If you are buying or selling a 1031 exchange property, call us to see how we can help.