Edgartown - $680,000 Sold for $657,500
View here-> HENRY Property
Vineyard Haven - $649,000 Sold for $586,400
View here-> FAGANS, KARL & AMY Property
Edgartown - $525,000 Sold for $461,000
View here-> LONG Property
Edgartown - $2,300,000 Sold for $2 million
View here-> MORGAN Property
Oak Bluffs - $489,000 Sold for $479,000
View here-> WELCH Property
The island is part of Earth Hour, a huge global movement to turn off all non-essential lights for one hour from 8-9 PM on Saturday, March 29th. The Sears Tower, in Chicago, and Golden Gate Bridge, in San Francisco, will both have all their lights off during this up coming hour. Here on the Vineyard we are particularly interested in getting people to also turn off power strips, computers, electronics, and TVs during that one hour. This movement hopes to raise awareness about energy conservation and Climate Change.
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Over the years I have had several clients participate in a 1031 exchange when purchasing a home on the Vineyard. A client sells an investment property in one location and exchanges it for an investment property on the Vineyard while deferring taxes from the first sale via a 1031 exchange. There are strict guidelines for participating in an exchange and the exchange has to be handled by an approved 1031 exchange company. The fees for this service are usually nominal.
" A 1031 exchange, otherwise known as a tax deferred exchange is a simple strategy and method for selling one property, that's qualified, and then proceeding with an acquisition of another property (also qualified) within a specific time frame. "
For more information about 1031 exchanges, what is it? what kind of properties qualify? etc. Click here I also wanted to share this interesting article about vacation home and 1031 tax exchange. VACATION--SECOND HOMES---NEW INTERPRETATION for 1031
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