Good news: if you have owned your shore house for a number of years, the increased property value is a wonderful “gain”.
However, that profit is taxed (capital gains) when you sell, unless you participate in a 1031 Tax Deferred Exchange.
The rules allow owners of investment properties (vacation rental homes qualify) to move up to another investment property (rental) and defer the tax. Â This is a huge bonus for most long time property owners.
I have both personal and years of business experience with the process. And I can connect you with the professionals to handle the paperwork and help with financing.
Please contact me to formulate a plan!
609-967-7950 Â or ann.delaney@timkerrsir.com












Irish Roots!
Happy St. Patrick’s Day! Â
On my father’s side: my grandmother was born in County Clare in the Republic of Ireland, and my grandfather grew up near Ballymena and the Antrim Coast in Northern Ireland. A real mixed marriage!
In the 1950s, my grandparents built a year round home in Avalon. A family business brought the sons and daughters (including spouses and young children) from Philadelphia to Avalon shortly thereafter.
After visiting the beautiful windswept coast of Northern Ireland, I can totally understand my grandfather’s love of the shore.
Sand in our shoes… and salt air in our lungs 😉
Sláinte!
P.S. Â According to family legend, my grandfather arrived to the United States through Canada. And my grandmother used her older sister’s ID to travel from Ireland to the US. Her grown children didn’t know her real name/age until she applied for Social Security. It’s important and relevant to consider that our family’s immigration history may be softened by nostalgia.Â
Pictures from our 2008 trip to Northern Ireland.