CB Real Estate Exchange A Coldwell Banker Client Service Grand Junction Real Estate
 

Exchange Q&A
 
Q: Why should I consider an exchange?
The simplest exchanges involve a trade or swap of one type of property for another. The exchange possibility gives your Realtor one more tool in marketing your property for sale. One of the greatest benefits of an exchange is that your property may be sold at the same time you are acquiring another, thus eliminating the contingency of finding a buyer for your property. An exchange may also help you realize a higher sales price in a perceived “buyer’s market” where the real estate inventory is larger than the number of buyers for that inventory. Another way of thinking about it is, an exchange may help protect your equity in your real estate investment.

Q: How does a simple two party exchange work?
There are many ways to structure an exchange, but one of the simplest ways is the simultaneous two-party exchange. This type of exchange occurs when both parties enter into a contract to purchase each other’s property and to close the resulting exchange transaction simultaneously. Each party would obtain their own financing for the property they are trading into. This simultaneous exchange may also work in the case of the 1031 exchange of properties held for investment.

Q: What is a 1031 Exchange?
What we have been presenting is the simple exchange of a personal residence. When selling or exchanging real estate held for investment, an Internal Revenue Code (IRC) Section 1031 tax deferred exchange may be the right mechanism to use. Many investors use the 1031 exchange mechanism to protect their equity in the investment they have sold. The IRS allows an investor to not immediately pay, or to defer, the income taxes payable on the capital gain of the sale as well as the recapture of the depreciation that has been taken over the life of the investment when exchanging into a “like kind” investment. In other words, the potentially large tax burden from a sale is deferred into the next investment resulting in more cash being made available for that investment. If the exchange is does not involve a simultaneous closing, a Qualified Intermediary must hold the cash from the sold or “relinquished” property that will be spent to purchase the “replacement” property or properties. Often, 1031 exchanges involve the purchase of multiple replacement properties. This exchange method is also called a delayed exchange. Other types of 1031 exchanges include the reverse exchange, a construction build-out exchange, and a reverse exchange with a construction build-out. It is important to consult your tax and legal advisors regarding the suitability of a tax deferred exchange for your property sale. Also, there are explicit time limits that must be adhered to when performing the exchange. Coldwell Banker and its Broker associates will not and cannot provide legal or tax advice.

Q: So, how do I proceed?
Scroll through our list of “haves” and “wants” and see if there are any properties that spark your interest. Remember, it may not be an exact fit, but we may be able to add other properties or buyers to the mix to make it work. Call one of our Brokers and discover the endless possibilities of Exchanging. Exchanging may be both fun and profitable

Owners/Sellers Have Would Exchange For
Residence - 1339 21 Road Grand Junction $749,000
NW Area
7.04 Acres
4 Bedrooms 3 Baths
3824 Sq. Ft.
Mls #643599  
Contact  Sharon Vaughn  Phone 970-242-5505
  • Residential: wants
    Price up to $800,000 Newer home Redlands or North on larger lot
  • Comments: Seller open trade possibilities, make offer, Would prefer newer home backing to open space, Redlands or North, Likes high ceilings, and room for game trophies. Also, include a lot in Ridgeway valued at $275,000 it is on 7 acres on Log Hill Road, it has year round access and utilities in road  In addition to looking for a home to trade, they would also consider a lot in north area, ie, pritchard mesa sub.
Residence - 2030 Roosevelt Court Grand Junction $675,000
2030 Rooseveldt Court  Georgian/Victorian
Redlands Area Home
5 Bedrooms 5 Baths
5032 Sq. Ft.
Mls #651832  
Contact  Joan Raser  Phone 970-260-4157 
  • Residential Wants: Price Range: $250,000 - $400,000  Rancher 3 or 4 bedrooms, 2 bathrooms, 2 or 3 car garage
  • Investment Price Range:   $100,000 to 250,000 Investment Description:   duplex, single family ranchers.
  • Commercial Price Range:   $400,000 to 500,000 Commercial Description: office space, warehouses, other
  • Comment: duplex, single family, investment properties. Would consider travel trailer. Open to all ideas.
Residence - 3080 F 1/2 Rd Grand Junction  $379,900
3080 F 1/2 Road Quiet Country Setting 2.24 Acres Horses OK
3 Bedrooms 2 Baths
2145 Sq. Ft.
Mls #633778
Contact Sharon Vaughn  Phone 970/242-5505
  • Residential: Trade up – Redlands or North Area Bring Ideas
  • Comment: Would like to trade up to 3 separate properties for up to $800,000 in North or Redlands Area. 4Bdrm in NE" and "Small older home on 3 Acres
Owners/Sellers Have Would Exchange For
Residence - 14325 Apache Lane Collbran CO $399,900
14325 Apache Ln Collbran  Custom Rancher
Lot Size 1.4 Acres
Outside Collbran
3 Bedrooms 2 Baths
1876 Sq. Ft.
Mls #633891   
Contact  Deanna Saelens   Phone 970/261-0847  
  • Residential: Price Range $400.000
    Wants: 3 bedroom, 2 bath, 2+garage in Grand Junction Townhome or Single Family
  • Comment: Would trade for a residential single family home or townhome with 3 bedrooms, 2 baths, 2 + car garage. Located in Grand Junction.
Residence - 7900 Bean Ranch Rd Whitewater $299,900
7900 Bean Ranch Road Whitewater Area
Lot Size 5 Acres
3 Bedrooms 2 Baths
1688 Sq. Ft.
Mls #639347
Contact Sharon Vaughn  Phone 970/242-5505
  • Residential: $Possible Trade Down
    Residential
  • Comments: Trade Down Possible. Sellers home is listed for $315,000
Residence - 2169 Broadway  Grand Junction $269,900
2169 Broadway Redlands Area
Lot Size 4.46 ac
2 Shares Water
3 Bedrooms 1 Baths
1338 Sq. Ft.
Mls #644748   
Contact Sharon Vaughn  Phone 970/242-5505
  • Residential: Want Description:  trade down, income or path to cash
  • Comments: Possible trade into an income property or path to cash
Residence - 3195 Highview Rd Grand Junction $275,000
3195 Highview Road Nicely Landscaped Lot
Well Maintained Home
4 Bedrooms 3 Baths
2588 Sq. Ft.
Mls #637868   
Contact Olan Clark  Phone 970/244-1223
  • Residential: Want Description:  Price Range: $230,000 single family
  • Comments: Would trade for 3 bedroom, 2 baths, 2-car garage, and newer construction, 2000 or newer. Prefer stucco exterior but will look at all. Would look in the following areas; City, North, Northeast, Southeast, Northwest and Orchard Mesa. 
Owners/Sellers Have Would Exchange For
Rental Income - 2419 1/2 Hidden Valley Dr   $249,900
2419 Hidden Valley Drive Grand Junction  Grand Junction Redlands Duplex
2 Units with 3 br 2 bath
2432 Sq. Ft. Total
2 Car Garages
Mls #651538
Contact Sharon Vaughn  Phone 970/242-5505 
  • Residential: Want Description:  trade down to residential property condo/townhome or single family
 
Residence - 2985 1/2 Redbud Ct  Grand Junction  $214,900
2985 Redbud Ct

Affordable Home
4 Bedroom(s)
2 Bath(s)
1860 Square Feet
Year Built: 2003
MLS Number: 640539
Contact Ron Jens  Phone 970/260-5011
  • Residential: Price Range $Up to 380,000 Want Description:   3+ Bed, 2+ Baths - Shop would be a bonus  
  • Comments: Would consider all Mesa County areas except Clifton and Whitewater. Wants small acreage with home with around 2200 Sq. Ft. Sellers home currently listed at $224,900
Residence - 2675 Springside Ct #3B Grand Junction  $175,500 
2675 Springside Ct#3B

Access To 2 Car Gar
Townhome
2 Bedrooms 3 Baths 1652 Square Feet
MLS Number: 635036

Contact Kathy Hoffmann  Phone 970/244-1239
  • Residential: Price Range   $225,000 - 240,000  Residential Want Description:   3/2/2
  • Comments: Would like home around 1300 Sq Ft. In the Redlands, North, Fruita Areas and must have Fenced Yard. Sellers property listed at $194,000.
   
Owners/Sellers Have Would Exchange For
   
   
 
   
CBRealEstateExchange.Com
Presented by:
Coldwell Banker
Home Owners Realty, Inc.
2499 Hwy 6&50
Grand Junction, CO 81505
Phone 970/243-0456
Toll Free 800/366-0456		 Coldwell Banker Commercial
Prime Properties, LLC
550 Patterson Rd., Suite B
Grand Junction, CO 81506
Phone 970.243-7375
Fax 970-245-2901

Disclaimer
The information contained in this publication is subject to change without notice. Coldwell Banker Home Owners Realty, Inc. and Coldwell Banker Commercial Prime Properties of Grand Junction, LLC makes no warranty of any kind with regard to this material, including, but not limited to, the implied warranties of merchantability and fitness for a particular purpose price is subject to change. Coldwell Banker Home Owners Realty, Inc. and Coldwell Banker Commercial Prime Properties of Grand Junction, LLC shall not be liable for errors contained herein or for any damages in connection with the furnishing, performance, or use of this material. It is displayed with the understanding that the publisher and authors are not engaged in rendering real estate, legal, accounting, tax or other expert assistance, if required, the services of a competent, professional person should be sought. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interest in pursuing.