FAQ
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1031 Exchange
No. A 1031 Exchange applies only to properties held for investment or business purposes. Your primary residence does not qualify. However, there may be other tax strategies available for primary residence sales.
The savings depend on your profit, tax bracket, and state of residence, but capital gains taxes on real estate can range from 15% to 37% when combined with federal, state, and depreciation recapture taxes. On a $500,000 gain, that could mean deferring $75,000 to $185,000 or more in taxes. (Make sure you consult with 1031 Exchange Company)
All Cash Quick Close
Yes. While all-cash offers may sometimes be slightly below retail market value to account for speed and convenience, FT Realty is committed to making fair, competitive offers based on real market data.
Absolutely not. Our investors purchase homes in as-is condition. Whether your property needs minor cosmetic updates or major structural repairs, we’ll make an offer based on the home as it currently stands.
Probate Sale
No. Probate sales in California are not limited to cash buyers. While cash offers are often attractive because they can close faster, buyers may also purchase a probate property using conventional, FHA, or VA financing if the court, seller, and lender requirements are met. Financing approval and timelines should be discussed with your lender before making an offer.
The timeline for a probate sale in California depends on the estate and court process. On average, a probate sale may take 3 to 9 months, although some cases can be completed sooner if the estate qualifies for simplified procedures or has full authority under the Independent Administration of Estates Act (IAEA). Court confirmation, title issues, and multiple heirs can extend the process.
In California, executor compensation is generally determined by state probate law and is calculated as a percentage of the estate’s value. The exact amount depends on the total value of the probate estate and may require court approval in some cases. Executors may also be reimbursed for reasonable expenses incurred while administering the estate.
