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To complete a 1031 exchange in Gales Ferry, CT, 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 Gales Ferry, CT 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 Gales Ferry, CT. We understand that navigating a 1031 exchange…
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Gales Ferry is a charming village located in the town of Ledyard, Connecticut. It was first settled in the 17th century and became a significant area in the mid-19th century due to its location along the Thames River. Despite its long history, Gales Ferry is not considered a city but rather a village within the town of Ledyard.
The population of Gales Ferry, according to the latest census data, stands at approximately 1,200 residents. This small and close-knit community offers a peaceful and idyllic suburban lifestyle to its inhabitants. With its picturesque surroundings and proximity to the river, Gales Ferry is a popular choice for those seeking a quieter place to live in Connecticut.
In terms of the real estate market, Gales Ferry offers a mix of historic homes, modern residences, and waterfront properties. The median home value in Gales Ferry is around $300,000, making it an affordable option for homebuyers looking to reside in a quaint New England village. The real estate market in Gales Ferry tends to be stable, making it an attractive location for both families and individuals looking for a serene living environment.
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.
