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To complete a 1031 exchange in Austinburg, OH, you must work with a qualified intermediary to hold your funds and sign an agreement. At 1031 Nationwide, we can provide the expertise and support you need to ensure a successful exchange.
To participate in a 1031 exchange, you must first sell your existing property, which is known as the “relinquished property.” All deadlines for the exchange process are based on the closing date of the relinquished property, not the contract date.
Once you’ve sold your relinquished property, the next step in a 1031 exchange is to identify potential replacement properties to buy. This is a crucial step in the exchange process, and it must be completed within 45 days of the sale of the relinquished property.
The final step is to purchase the replacement property within 180 days of selling the relinquished property. This six-month window allows you to find and close on a suitable replacement that meets your investment goals and the exchange requirements.
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At 1031 Nationwide, our mission is to help you achieve your investment goals, while minimizing your tax liabilities and simplifying the 1031 exchange process. We understand that navigating a 1031 exchange in Austinburg, OH can be complex and time-consuming, but with our expertise and experience, we can guide you every step of the way.
Our team of qualified intermediaries has helped countless investors across the country successfully complete their 1031 exchanges, unlocking new opportunities for growth and financial freedom. We offer personalized guidance and support throughout the entire process, from identifying potential replacement properties to closing the deal.
At 1031 Nationwide, we understand that completing a 1031 exchange can be a complex and daunting process. That’s why we offer a range of services to simplify the exchange process and help…
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At 1031 Nationwide, we are dedicated to helping real estate investors grow their portfolios and achieve their financial goals through 1031 exchanges. We understand that navigating the complexities…
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At 1031 Nationwide, our mission is to help you achieve your investment goals, while minimizing your tax liabilities and simplifying the 1031 exchange process in Austinburg, OH. We understand that navigating a 1031 exchange…
Learn More
Austinburg, Ohio, officially incorporated as a village in 1816, is situated in Ashtabula County. Known for its rich history and charming atmosphere, Austinburg offers a blend of small-town charm and modern amenities. The village transitioned to city status in 2018 due to its growing population and expanding infrastructure, signifying its steady progress over the years.
With a population of approximately 2,300 residents, Austinburg provides a close-knit community feel where neighbors often know each other by name. This small city boasts a strong sense of community spirit and hosts various events and festivals throughout the year that bring residents together. Its tranquil surroundings and friendly ambiance make it an ideal place to call home.
The real estate market in Austinburg, OH, reflects the city's appeal and desirability. The housing market offers a mix of historic homes and modern developments, catering to diverse preferences. The average home price in Austinburg is $215,000, with a range of options from cozy cottages to spacious family homes. Additionally, the city's real estate market is attracting attention from buyers looking for a peaceful yet thriving community to settle down in.
We have worked with various companies, just a few we have partnered with. You can be assured that your 1031 Exchange will be handled appropriately.
