Seller Guide

SELLER'S GUIDE

FPG Title: Your Trusted Partner for a Seamless Selling Experience

At FPG Title, we see our role as your trusted partner in leading and coordinating the closing process for all parties involved in your real estate transaction. Our mission is to streamline the buying and selling experience, making it more efficient and less stressful for you.

We meticulously prepare all necessary closing documents and provide comprehensive title insurance services, ensuring full compliance with Florida’s title insurance standards. Our goal is to alleviate the burden of the numerous details involved in selling your property.

Your dedicated closing coordinator will seamlessly connect all the pieces, keeping you informed and updated every step of the way—from the preparation of the preliminary HUD-1 closing statement to the achievement of key milestones throughout the transaction. We also strive to make the signing of closing documents convenient for everyone involved.

We are excited to partner with you on this journey!

Selling a Home -
The process at a glance.

5 Things to do when moving

We know that moving day can be both exciting and stressful! Here are five things you can do to make moving day a breeze.

Connect your internet/utilities

When you move, you will need to connect your utilities. The utility company will need your new address, your preferred connection date, contact number and identification.
Change your address

Go to USPS.com/move to change your address online. This is the fastest and easiest way, and you immediately get an email confirming the change.
Update your new contact info

Although it’s important to make sure you officially change your address with relevant businesses and the post office, it’s also important to update your friends and relatives. Send a text message or email notifying people of your new address!
Pack an un-packing box

When moving, pack an unpacking box containing essential tools like Allen keys, screwdrivers, labeled bags with furniture screws, tape, and dust cloths. Having these items organized will save time and stress when setting up your new home.
Pack a first night box

A "first night box" is crucial for moving, containing essentials like clothing, toiletries, bedding, and personal necessities. This prevents frantic searching through boxes late at night, ensuring a smoother transition to your new home.

What is a 1031 exchange and how does it work?

A 1031 exchange gets its name from Section 1031 of the U.S. Internal Revenue Code, which allows you to avoid paying capital gains taxes when you sell an investment property and reinvest the proceeds from the sale within certain time limits in a property or properties of like kind and equal or greater value.

Any property held for productive use in a trade or business or for investment can be exchanged for like-kind property. Like-kind refers to the nature of the investment rather than the form. Any type of investment property can be exchanged for another type of investment property. A single-family residence can be exchanged for a duplex, raw land for a shopping center, or an office for apartments. Any combination will work. The exchanger has the flexibility to change investment strategies to fulfill their needs.

LIkE-KIND PROPERTY

The property is being sold and the property being acquired must be similar, or like-kind.

INVESTMENT OR BUSINESS PROPERTY ONLY

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REPLACEMENT PROPERTY SHOULD BE OF EQUAL OR GREATER VALUE

No 'BoOT' = NO TAXES

For an exchange to be completely tax-free, the replacement property must not be of lesser value. The difference is called a 'boot' and is subject to capital gains taxes.

MUST INVOLVE SAME TAXPAYER

The tax return, and the name appearing on the title of the property being sold, must be the same as the tax return and titleholder of the new property