07/30/2026
A 1031 exchange, a contingent purchase, and a tenant-occupied sale — all on one timeline.
Here’s how that one actually worked.
My clients own rental property here and plan to move up full-time down the road. They were specific about the neighborhood — family lives on that street. So when an off-market opportunity came up directly across from those family members, it was the right house.
The problem was timing. They couldn’t buy until they sold another property, and they were doing it as a 1031 exchange, which puts real deadlines on when the replacement property has to be identified and closed.
So we negotiated a purchase agreement contingent on selling the rental.
In my opinion, a tenant-occupied investment property is the hardest thing to sell. There are real protections in place for tenants, and you work inside them or you don’t get to closing. So I spent the time with the tenant first, got professional photos scheduled, and had it listed quickly.
A good buyer’s agent in town eventually brought the buyer.
Our original timeline had to shift. But because of the groundwork with the tenant, they were willing to move out earlier than expected, and we closed two weeks ahead of the adjusted date. In an exchange, that kind of margin matters.
That let my clients close on the house across the street from their family.
Two transactions, four parties, one clock. That’s the part that never shows up in a listing photo.
A 1031 is more structured than complicated — the tax side belongs to your CPA and your qualified intermediary, and the real estate side is what I handle. If you’ve been wondering whether one would work for a property you own, send me a DM.
Bifano Home Team - Southern Oregon Real Estate
www.bifanohometeam.com
