Why TODAY is the Best Time to Exchange

If you are selling Chico Area property to buy other property (delayed exchange) or will exchange your Chico Area property for other property (direct exchange), today is a better time to complete such exchanges than during a “seller’s market.” Here’s why:

Your replacement property will cost you LESS if you sell and then buy or exchange NOW. If you wait for your Chico Area property to go up in value, your replacement property will also go up in value, forcing you to pay MORE.
Income tax on the property you sell (exchange) may be less.
County property tax on the property you buy (exchange for) may be less.
Closing costs are less because they are based on price.
More will exchange their property for your Chico Area property because of the economy.
You will have more properties to choose from and fewer buyers to compete with.