Sentences with phrase «purchase of the new property»

Any net gains on the primary property must be used for purchase of the new property.

The bridge loan can be used for the down payment on the purchase of the new property and perhaps to pay off the remaining mortgage on the old property.

But we also know that, through a series of acquisitions, new presences and purchases of new properties, the supermarket majors have greatly enhanced their positions.

The down payment is not available because it is coming from the net sale proceeds of an existing property wherein the closing date falls after the purchase of your new property.

You need not repay your existing loan, and can simply fund the purchase of a new property by transferring the existing loan to your new house.

When the old property closes, the proceeds are used to repay the sum loaned to the EAT for the purchase of the new property.

The bridge loan can be used for the down payment on the purchase of the new property and perhaps to pay off the remaining mortgage on the old property.

It will submit the document to the VA online, restore your eligibility and conclude the purchase of the new property.

«The purchase of a new property leads to so many expenses and we are happy that this initiative will help reduce costs for the winners.»

This is done by purchasing another investment property, called the replacement property, within 180 days, and using the net sales proceeds from the sale of the relinquished property in the purchase of the new property.

Bridging finance is a flexible, short - term loan, which, in a property context, is most commonly utilised to finance the purchase of a new property against the sale of an old one.

Bridge Loan — a short term loan taken out against one property to finance the purchase of a new property.

Raylene Lewis negotiated some tricky details on the purchase of our new property with aplomb.

It will submit the document to the VA online, restore your eligibility and conclude the purchase of the new property.

If the same taxpayer structures a 1031 Exchange from the sale of a existing property into the purchase of a new property, the tax basis from the existing property shifts over to the new property and is increased by the difference in their values.

Sometimes the purchase of the new property occurs immediately after the sale and in other cases it occurs up to 180 days after the sale of the existing property.

The sale of the existing property always needs to occur first, because the sale proceeds must be transferred to the qualified intermediary, which will apply the funds toward the purchase of the new property.

You must also reinvest all the cash proceeds from the sale into the purchase of the new property.

The QI maintains the funds from the sale of the property being sold, and then makes those funds available in order to enable the purchase of the new property.