Estate Sale – Consult – 1031 Exchange (Using Equity Auction Platform
We originally met Bob several years ago when he helped in an estate sale and more recently when he consulted on an L.A property we wanted to sell. In October of 2017, we decided to sell our duplex in Lawndale and do a 1031 Exchange which is a way of selling a property and protecting the capital gains on it by identifying and purchasing another property.
This was our first experience in doing a 1031 Exchange and rather fearful not knowing what all was involved and being on a ‘clock’ so-to-speak. After meeting with Bob and sharing our concerns and questions, we got educated on this type of transaction through his communication and the input from an accommodator.
Bob introduced us to the Equity Auction sales process that Harcourts has been using for a long time in Australia and New Zealand more recently here in the US. It was intriguing enough for us to consider and after we learned the pros and cons as to how this works in the listing process we decided it might serve us well. (Which it did!).
Neither the selling or purchasing of the two properties happened without challenges for Bob. He handled them for the most part on his own without burdening us with the frustrating details. What we like most about Bob is his honesty, his knowledge of real estate and how well he keeps you informed at all times throughout the process.
Additionally, since the sale of one and the purchase of another (all done within a total of 70 days), he continues to maintain a relationship with us by checking in periodically, which makes him stand out above the rest as a realtor. We
will (and have already) continue to recommend Bob Dorman to others. He’s always there for you, keeping you informed at all times and genuinely cares about his clients.