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To complete a 1031 exchange in Bedford, NY, 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 Bedford, NY 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 Bedford, NY. We understand that navigating a 1031 exchange…
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Bedford, NY, a charming town located in Westchester County, was established in 1680. It boasts a rich history and is known for its picturesque landscapes filled with lush greenery, historic buildings, and a strong sense of community. With a history dating back over three centuries, Bedford offers a blend of old-world charm and modern amenities that make it a sought-after destination for both residents and visitors seeking a tranquil retreat from the hustle and bustle of urban life.
As of the latest census data, Bedford has a population of approximately 18,000 residents. The town's population has been steadily growing over the years, attracting new residents who are drawn to its scenic beauty, top-rated schools, and proximity to New York City. Despite its small-town feel, Bedford has a vibrant community with a diverse mix of residents from different backgrounds, creating a welcoming and inclusive atmosphere for all who call it home.
Real estate in Bedford, NY, is highly coveted, with its historic homes, sprawling estates, and elegant properties commanding premium prices. The town's real estate market offers a mix of architectural styles, from colonial and Victorian to modern designs, providing buyers with a range of options to choose from. Due to its proximity to New York City and its reputation as a desirable place to live, Bedford has seen a strong demand for luxury properties, making it a competitive market for homebuyers and investors alike.
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.
