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To complete a 1031 exchange in Big Flats, 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 Big Flats, 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 Big Flats, NY. We understand that navigating a 1031 exchange…
Learn More
Big Flats, NY, established in 1822, is a quaint town that evolved significantly over the years. With a population of approximately 7,200 residents according to the latest census data, Big Flats strikes a perfect balance between a peaceful suburban lifestyle and easy access to urban amenities.
The real estate market in Big Flats is diverse, catering to various preferences and budgets. From charming single-family homes to modern apartments and spacious townhouses, there are numerous options for those looking to settle in this picturesque town. The median home value in Big Flats is around $170,000, making it an attractive destination for both first-time homebuyers and seasoned investors.
Surrounded by scenic beauty and offering a peaceful environment, Big Flats continues to attract residents seeking a high quality of life. The town's proximity to major highways and key infrastructures enhances its appeal, making it a desirable location for families, retirees, and professionals alike. Whether you are looking to enjoy the town's recreational facilities, explore its historical sites, or simply savor the serene atmosphere, Big Flats has something to offer everyone.
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.
