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To complete a 1031 exchange in Chacon, NM, 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 Chacon, NM 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 Chacon, NM. We understand that navigating a 1031 exchange…
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Chacon is a charming city located in the northeastern part of New Mexico. It was officially established as a city in 1891, with a rich history that dates back to the early settlers in the region. Over the years, Chacon has evolved into a vibrant community known for its beautiful landscapes and welcoming atmosphere.
The population of Chacon stands at approximately 700 residents, making it a tight-knit community where neighbors often know each other by name. Despite its small size, Chacon offers a range of amenities such as local shops, restaurants, and recreational activities that cater to the needs of its residents. The city prides itself on its friendly and inclusive environment, making it a desirable place to live for families and individuals alike.
When it comes to the real estate market in Chacon, NM, the city offers a mix of historic homes, modern residences, and picturesque rural properties. The housing market in Chacon is characterized by its affordability compared to other parts of New Mexico, making it an attractive option for those looking to invest in a home in a peaceful setting. Whether you're seeking a cozy cottage, a spacious ranch, or a custom-built house, Chacon has a diverse range of real estate options to suit various preferences and budgets.
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.
