Acquisition and Disposition of Real Estate in New York

3 ways for property disposition

Commercial disposition may sound like a complex term, but it just refers to a way of liquidating a real estate property. In general, disposition occurs to have cash in hand and the cash is utilized to set up another business or boost the cash flow. Acquisition and disposition of real estate in New York is a completely different term, but both are connected to a larger platform. Some investors typically seek the disposition of a property to have acquisition on another property. However, you can follow the three basic ways to dispose of the property.

Sell the property traditionally

If you aim to sell your property in traditional ways, you can hire an experienced Commercial real estate broker in Westchester County who can assist you to determine and understand the market value of your property. They publish it for sale. In this case, you can work with a buyer who gets traditional financing from a financial institution like a bank.

Sell the property with owner financing

When you are selling your property with owner financing, you don’t need to rely on the bank for a loan. Instead, the seller will act as the lender in this case and let a buyer have the property by making payments directly to them over time. It is one of the best ways of commercial disposition of real estate in New York

Opt for a 1031 exchange

The theory behind the 1031 exchange is that as you don’t receive any proceeds from the sale, there is no taxable income. Remember that 1031 exchanges are subject to all kinds of rules, regulations, and time frames. For instance, you just have 45 days to find a replacement property.

Do you want to dispose of your commercial property in New York? In this case, feel free to consult Commercial real estate in Yonkers, New York. You may contact NuRealty Advisors for the acquisition and disposition of real estate in New York.