Catering to a seller wanting to 1031 exchange?

[Pat Jackson]

My partner and I just offered on a medium sized apartment. We learned verbally the seller is wanting to 1031 into another property. Other than offering to be fluid with his 45 and 180 day limitations (identity in 45 days, close in 180), what else can we include in our offers to make them more appealing? I’ve never done a 1031, but I imagine there has to be something.

[Bill B.]

That should be the most important. ‘We can close as early as x/x/x we’re willing to close as late as x/x/x” if you’re super confident a “hard” (non-refundable) earnest deposit might show you’re more serious. (Seller doesn’t want buyer to back out after he finds new property or to force concessions, knowing seller has to sell.) which also brings to mind you could get all your contingencies out of the way as fast as possible so they know you’re going to close at the agreed upon price. (Inspections/financing/whatever...)

good luck.