fayetteville nc real estate: What Does "Like Kind" Mean In My 1031 Exchange of My Fayetteville NC Investment Property? - 01/30/11 03:21 AM
What Does "Like Kind" Mean In My 1031 Exchange of My Fayetteville NC Investment Property?In a 1031 tax exchange the property that is transferred must be of like-kind with the property that is acquired. Like kind means that real property may be exchanged for other real property, or personal property may be exchanged for other personal property. Once you have made the decision that completing a 1031 exchange is the right financial decision, then it is time to sell your investment property and have the right Real Estate Professional locate a like kind property for the exchange. 
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fayetteville nc real estate: Let it Snow - Oh NO!!! Cumberland County Schools NC Closed - 12/16/10 01:18 AM
Let it Snow - OH NO!!! Cumberland County Schools NC Closed Cumberland County School are official closed today, but it's amazing when you reflect on what it takes to close a school today. I went to Highschool at Brighton High (Rochester, NY) and it's official "Everything is Relative". In the Rochester area, we were accustomed to Lake Effect Snow, Freezing Rain, and my favorite "Wind Chill Factor".
In Fayetteville area we tend to shut it down with a little ice or snow. Although, I do agree we need to shut down schools in this area. The people drive a little crazy … (4 comments)

fayetteville nc real estate: “A Change is Coming” - New Offer to Purchase Contract - 12/14/10 04:19 AM
“A Change is Coming”

New Offer to Purchase Contract
I’m currently sitting in a meeting, where the NC Real Estate Commission is giving a briefing on the new Offer to Purchase. In my opinion the new contract was definitely needed, finally giving some protection to both the Buyer and Seller. 
The most significant difference is now we have taken out many, many contingencies and additional unnecessary dates and making it simple.  One date for a “Due Diligence” period, which the buyer pays for this period directly to the seller.  Buyer can now get all inspections, repairs agreement and financing … (0 comments)

fayetteville nc real estate: Military Communities - The BRAC Bubble? - 10/10/06 07:52 AM
 
                                The BRAC Bubble Military Communities have long been immune from the "Bubble" we often hear about in our profession.  We may be seeing a slight change that all REALTORS and Consumers should be aware of.  If your located near a military installation, you will want to keep an eye on the BRAC recommendations.
What is BRAC?
"BRAC" is an acronym that stands for Base Realignment and Closure.  It is the congressionally authorized process DoD has previously used to reorganize its base structure to more efficiently and effectively support our forces, … (1 comments)

fayetteville nc real estate: Professional Appearance of REALTORS - 10/07/06 10:32 AM
The professional appearance of many Realtors concerns me greatly.  Our profession is based on the visual appearance of the Homes we list and the homes we show.  Buyers and Sellers have developed a negative view of Realtors because of the lack of visual appearance.  Realtors have become to "Relaxed" with their appearance and the public has noticed.  Imagine putting yourself in the consumers shoes, and you meet a Realtor with cargo shorts and sandals.  The Realtor proceeds to give you a Presentation in the sandals and it's all downhill from there.  It doesn't matter if you gave the best presentation in … (9 comments)