We’ve all seen the For Sale By Owner signs dotting Nashville lawns. On the seller’s side, if you’re looking to downsize, upgrade, or relocate, selling your home in Nashville’s hot market can be a lucrative decision. On the other end of the real estate spectrum, if you’re looking for a friendly city with booming job prospects, buyers can count on Nashville to deliver.
When you buy a piece of property, whether it’s your first home or it’s your 10th investment property in Nashville, there are a lot of moving pieces. It can be overwhelming, not to mention financially irresponsible, not to work with a reputable title company for your property closing services.
Buying and selling real estate may be one of the most important financial transactions that you will ever carry out in your life, but it’s also a lot of work. If the property in question has issues due to poor maintenance, natural conditions, or other factors, correcting these issues can be expensive and can complicate the sale of the property. The last thing that a buyer or a seller wants are complications that will slow or block the sale of property.
If you are buying, selling, or doing pretty much anything else with a piece of real estate, it’s important that you perform your due diligence in regards to your title. We understand that real estate law can be pretty complex, so we’ll start with the basics.
As Nashville grows, developing the right housing to accommodate the influx of new residents can be a challenge. There are a number of reasons for the region’s growth. Among them is the fact that Tennessee leads the nation in small business growth. WalletHub recently ranked Tennessee as the 9th best state in the country for finding a job and 5th in the country for employment growth.
Nashville law firm, Rochford Law & Real Estate Title, releases a comprehensive eBook helping developers and real estate investors better understand the complexities of Tennessee’s real estate law.
Nashville, TN: Rochford Law & Real Estate Title, a well-respected member of the Nashville legal and real estate community, is pleased to announce the publication of the firm’s latest resource for real estate investors and developers. The new eBook, “The Tennessee Horizontal Property Regime: A Guide to the Key Parts of Title 66, Chapter 27” dives deep into Tennessee’s Horizontal Property Act law to offer expert analysis to investors and developers.
As Nashville’s population grows and as the tourism industry continues to blossom, it’s no surprise that property owners are looking to cash in on the boom by renting a room or an entire home through popular online vacation rental sites like Airbnb and HomeAway.
Considering that in 2016, hotel occupancy rates stood at nearly 75% and that from 2010-2015, Nashville was tops in the nation for percentage growth in average daily revenue per room (Tennessean), it also makes sense that visitors to Music City are knocking at your front door (or your neighbor’s).
Rochford Law & Real Estate Title, a long-standing member of the Nashville legal community, has released a new resource for investors and developers to help them better understand and navigate the complexities of the commercial real estate closing process.
A “Like-Kind Exchange,” also known as a 1031 Exchange or a Starker Exchange, allows investors to defer paying capital gains taxes on investment properties when they are sold, as long as another “like-kind” property is purchased with the profits of the sale. Congress enacted the like-kind exchange statue nearly 100 years ago, in 1921, to help investors avoid unfair taxation of ongoing investments in property and to encourage active reinvestment (Federation of Exchange Accommodators).
As a buyer, after shopping around for the best interest rates, a competent