Hilton Thomas Estates & Homes

Newport Coast, CA. - Gorgeous New Listing on the way...who's in the mood to buy this luxurious new home? Coming soon...DM me to get an early peek.

Taking the leap towards homeownership can provide a feeling of pride while boosting your long-term financial outlook if you go in well-prepared and with your ey...es open. With so many first time home buyer programs and mortgage rates at all-time lows, this is your year to own! Be sure you have a REALTOR that understands all aspects of how to evaluate a new home purchase, from start to finish. If you're relocating out of California to a new state or region, make sure you have an experienced REALTOR to work with. If you need help locating quality agents when you're ready to move, PM me and we can refer you to seasoned pros in our network. If you're an agent and want to connect, reach out to me and we'll run you through our vetting process to make sure you're qualified and you can become part of our referral network as well.

GREAT NEWS FOR CORONA RESIDENTS

IRS Extends Time Periods for Section 1031 Exchanges Due to Covid-19 GREAT NEWS: The Internal Revenue Service has approved welcomed relief for 1031 Exchangers wh...o, as a result of COVID-19 related challenges, were struggling to meet previously published timelines for identifying and concluding the acquisition of like-kind replacement properties. On April 9, 2020, the IRS published Notice 2020-23 (the Notice), which provides that the former 1031 Exchange 45-day identification and 180-day acquisition deadlines that fall on or after April 1, 2020, can be extended to July 15, 2020. Identification and acquisition deadlines that took place prior to April 1, or are scheduled for after July 15, will remain unaffected. The most important take-away for any rental property owners who are engaged in or planning for a 1031 Exchange whose 45-day identification period or 180-day closing period initially occurred on or after April 1 and before July 15, 2020, is that they may now have up to July 15, 2020, to either identify their replacement property or close on their transaction.