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To complete a 1031 exchange in Fox Valley, IL, 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 Fox Valley, IL 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 Fox Valley, IL. We understand that navigating a 1031 exchange…
Learn More
Founded in 1851, Fox Valley was officially incorporated as a city in 1978. Situated in Kane County, Illinois, Fox Valley has grown rapidly over the years to become a vibrant community known for its excellent schools, shopping centers, and parks. Its rich history combined with modern amenities make it an attractive place to live for families and individuals alike.
With a population of over 20,000 residents, Fox Valley offers a tight-knit community feel while still providing easy access to the amenities of larger cities like Chicago. The city's diverse population contributes to a dynamic cultural landscape, with numerous community events and activities taking place throughout the year, fostering a strong sense of belonging among its residents.
The real estate market in Fox Valley is thriving, with a mix of historic homes and newly constructed properties. The median home value in Fox Valley is around $250,000, making it an affordable option for those looking to settle in a picturesque setting with access to urban conveniences. Whether you're searching for a cozy townhouse or a spacious single-family home, Fox Valley's real estate market has something to offer for 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.
