Bulk Real Estate Sales in Florida
A bulk real estate sale involves the simultaneous transfer of multiple Florida properties in a single transaction, requiring careful structuring to address title, tax, and financing complexities across multiple parcels.
Transaction Structure
Florida bulk sales typically use a single purchase agreement with property schedules, separate deeds for each parcel, individual title insurance policies, allocated purchase prices, and simultaneous closings. Multi-county transactions require recording in each county and compliance with each county's closing customs.
Tax Implications
Documentary stamp tax applies to each deed based on allocated consideration. Price allocation among properties must be reasonable and defensible for tax purposes. Property tax prorations, intangible tax on new mortgages, and capital gains calculations add complexity to the closing statement.
Related Terms
Barnes Walker Real Estate
Barnes Walker handles multi-property transactions throughout Southwest Florida. Contact us for guidance.
Reviewed by the attorneys at Barnes Walker, Goethe, Shea & Robinson, PLLC