This is the truly powerful thing about real estate.

A relative called to tell them they had power of attorney, because the person had dementia.

If the title transfers, that's a sale and will cause a tax event.

Of course, adding real estate sales activity as a broker may make all the difference here.

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Depending on which part of Chicago you are located in, the MLS is really a powerful tool for leasing.

Average sales price is roughly $950-1,050/SF.

Original PA sale price of $225,000 with buyer securing investment financing for $157,500 and seller financing the remainder at 8% with a 5 year balloon. 

Join @Dave Meyer in this power-packed 60-minute session as he delves into the intricate economic trends and market dynamics shaping the Sunbelt region on 4/25!

If you sold the property already and didn't engage a 1031 intermediary at the time of sale, it may be too late to do a 1031 exchange.It is unclear whether you did engage one as you meantion selling the propertying and 'wanting' to do a 1031 exchange.