1st Time Homebuyer Exchange
Q: Can a 1st time home buyer find another home with same value and do an even exchange
A: There is a way a buyer can do an exchange with a seller for another property & even comply with the IRS & their tax guidelines. It is rather complicated so I suggest you speak with a title company in your area & get the written guidelines from them on this exchange. You could even check the IRS website for their info. I still don’t understand however, how a 1st time buyer can do an exchange at all being that they are a 1st time buyer & haven’t yet bought the 1st house.
Related posts: