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Updated 10 months ago,
buyer wants to go straight to escrow
I’m selling my commercial property. I’m closing my business and no longer need the property. Currently have over 80% in equity. I’m not a real estate investor by any means so this is a first for me besides the home I live in. Buyer is asking to go straight to escrow since we both agree on the deal. What is the downside to this? (I’m planning on doing a 1031 exchange)