Lane KawaokaIf you are selling for $450,000, then your net sale prices, which is the amount of replacement property that you must acquire (reinvest) in order to defer all of your taxes is $450,000 less any routine selling expenses such as brokers commission, title insurance costs, escrow or attorney settlement/closing costs, recording fees, 1031 Exchange fee, etc. 

You need to be careful that you do not subtract all of the closing costs on your settlement/closing statement.

Its been standing for the past 30 years and I did not notice any concerns with settlement, etc. 

RESPA Rules on AgentsSection 9 of the Real Estate Settlement Procedures Act prohibits sellers from conditioning the home sale on the use of a specific title insurance company, and in fact violators can be subject to penalties, with the most ­typical being a fine of up to three times the amount of the title insurance fee.Section 1024.2 of RESPA says a “required use” exists when a person must use a particular provider of settlement services to have access to a distinct service or property, if the person will pay for (or pay a charge attributable in whole or in part to) the settlement service.It’s not considered a “required use” if the seller offers to pay the buyer’s title charges.

I asked for a sample estimate ahead of time to make sure I can check everything.ALTA Seller's Settlement Statement provided by the buyer's title company lists:H.

I tried to negotiate with my ex-partner about a property settlement for about 6 months - it cost me another $500,000 (about $70,000 per month)!

There will be a settlement statement accounting for the cash going to the seller to purchase.  

But based upon the limited information presented here, the burden of discovering this defect before settlement would typically fall on a buyer -- who unfortunately chose not to get a survey.Pull your owners title policy.

Be sure to include your settlement sheet as that is usually the starting point for depreciation expense, plus I look for stuff I can write off this year tucked away within the settlement sheet if you know where to look.

You could also look into White Settlement ISD, which makes up the west side of Fort Worth, a booming area at the moment.