Spokane, Mead and Spokane Valley Washington real estate listings, home buying, selling and relocation information

20 Years Experience. Over $75,000,000 In Homes Sold. Top 3% Of All Realtors.... Experience. Integrity. Results. Call me Toll Free at 800.711.3965!

Sign Up For My eNewsletter, FREE!
There are always important changes happening in the real estate market, locally and nationally. These changes can affect YOU.
Find Out More >
View All Offers >

"Listened to our needs and wants."
Tim was willing to listen to our needs and wants and respond accordingly."
"Paul and Carri Fisher"
Read Quote >
View All Quotes >

Compare three mortgages at one time. Download TripleCalc now. It's free.

Find Out More >
Download Now >

Tim Ray is one of The Top Selling Real Estate Experts™
Find Out More >

From My Affiliates: Spokane, Mead and Spokane Valley Washington home buying, real estate listings, and homes for sale in Spokane County, WA

Welcome > Resources > Special Offers > From My Affiliates ...

HouseMaster Home Inspections
Before you buy a home, protect yourself with a guaranteed professional HouseMaster home inspection.

Find Out More >

Marty Bademian / Washington Mutual Bank
Tim Ray and The Specialist Group recommend Marty Bademian for all of your home loan needs!

Find Out More >

Tax Considerations >New 1031 Exchange Rules

One of the most popular "tax deferring" strategies for real estate owners who are selling one property and acquiring another is the use of Section 1031 of the Internal Revenue Code. It is an effective way to defer paying income tax on capital gain generated by the sale of a property when you intend to reinvest the proceeds in a similar, "like-kind" property. Almost any kind of real property is considered "like-kind" with any other real property.

A recently enacted law closes what was considered a loophole in the Section 1031 rules. In some cases, owners of investment real estate have used the 1031 Exchange to swap their investment property for real estate that could be readily converted to an owner-occupied residential property. After the exchange, they made the property into their principal residence, lived in it for a couple of years, then sold it. Now the American Job Creation Act of 2004 has ruled that properties converted from a 1031 exchange property into a residence must be held and used as a principal residence for at least five years to qualify for the tax exemption. Otherwise, the basic tax-deferring benefits of 1031 exchanges remain the same.

Consult your tax advisor for more detailed information.

	See All Tips In The "Tax Considerations" Category >
	See Complete Library Of Hundreds Of Tips In 30+ Categories >

Q	What was the greatest land grant ever given to an English subject?
A	William Penn arrived in October, 1682, to take over his enormous grant that later became Pennsylvania and Delaware.
See More Real Estate Trivia >

HouseMaster Home Inspections
Before you buy a home, protect yourself with a guaranteed professional HouseMaster home inspection.
Find Out More >
View All Affiliates >

Tim Ray, REALTORŽ, real estate agent and broker for Spokane, Mead and Spokane Valley Washington home listings, property and land for sale - NUMBER1EXPERT(tm)

Tim Ray
John L. Scott Spokane Citywide
1500 West 4th Avenue
Suite 202
Spokane, WA 99204
Toll Free: 800.711.3965
Direct Office: 509.444.9400
Fax: 509.238.3189
tim@greatspokanehomes.com
Tim Ray, a lifetime Spokane resident, has been one of the top real estate professionals in the area since 1988 and is truly Spokanes Premier Number One Expert. Tim has consistently been a top producer who focuses on providing the best personal service available in his market. His outstanding Buyer Services include the finest Spokane Relocation Package available, the exclusive 42 page Spokane Schools 2007 Report, The Daily Hotsheet (an automated daily e-mail with every new listing that meets his clients needs), and the spectacular F.S.B.O. (For Serious Buyers Only) Program that allows his clients to do their own MLS searches. For Sellers, Tim has assembled an incredible marketing program that includes 4 page full color brochures, full color direct mail campaigns, all full color magazine advertising in 3 different magazines, 5 different virtual tours with exposure on over 15 websites, and much more! His efforts have more than paid off. He has finished the year in the Top Ten for Sales Side Volume 4 times in the Spokane Association of Realtors (out of over 1200 agents) and is consistently in the Top 3% of all Realtors. For the most personal, innovative marketing and sales services in the Inland Empire, call Tim Ray and The Specialist Group Toll Free at 800-711-3965.

www.greatspokanehomes.com is brought to you by Tim Ray
NUMBER1EXPERT™ in real estate for Spokane, Mead and Spokane Valley, Washington, New Construction, and Residential Acreage

Read My Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge