Selling One Property and Buying Another
This is where having a real estate team experienced with investment transactions becomes particularly valuable.
We can help coordinate both sides of the process:
Selling your existing investment. We help determine market value, prepare and professionally market the property, evaluate offers, negotiate the transaction, and work toward a successful closing.
Finding the replacement property. At the same time, we can begin searching for potential replacement properties based on your investment goals, desired return, property type, price range, and preferred market.
Timing matters. In a typical deferred 1031 exchange, replacement property generally must be identified within 45 days after transferring the relinquished property and received within 180 days or the applicable tax-return deadline, whichever comes first.
Because those deadlines can move quickly, we believe the replacement-property search should begin well before closing whenever possible.