if a seller is asking buyer to cooperate in the event the seller decides to go 1031, how would that affect buy

In Buying Property - Asked by Allen C. - Jan 7, 2012
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Answer(s)

Rich K.
Broker/Agent
Alameda, CA

It really does not affect the buyer at all. This is really a matter of disclosure to the buyer regarding the seller's desire to do a 1031 exchange.

Jan 7, 2012
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djv m.
Owner/Investor
High Bridge, NJ

Best to have the real estate agent inform the buyer's agent or the buyer what will transpire at closing, so that the buyer is kept fully informed of the transaction.
For further information see my book "So You Want To Be A Landlord....Tales From The Crypt" available on Amazon.com

Jan 7, 2012
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djv m.
Owner/Investor
High Bridge, NJ

UPDATE ON WEBSITE for djv murphy's answer:
http://www.amazon.com/author/djvmurphy

Jan 7, 2012
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Michael L.
Broker/Agent
Ellicott City, MD

None. The proceeds of the Seller side are placed with the 1031 Escrow agent to allow the Seller to find a replacement property within X days of closing. Buyer's side of closing settlement sheet is not affected.

Jan 10, 2012
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Larry G.
Broker/Agent
Vancouver, WA

It shouldn't if fully disclosed to buyer. It has been my experience that a seller typically has identified a candidate property before a sale occurs.
Buyer will see the documentation from the accomodator that is facilitating the IRC 1031 exchange. Buyer will also observe the conveyance of title to the accomodator. This is a normal conveyance during the exchange process. This will not affect the Buyer's purchase transaction.
So to the point, it should not have any adverse effect for the Buyer. Hope this answers your question.

Oct 22, 2012
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