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To complete a 1031 exchange in Lake Zurich, 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 Lake Zurich, 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 Lake Zurich, IL. We understand that navigating a 1031 exchange…
Learn More
Located in Lake County, Illinois, Lake Zurich became an incorporated village on September 29, 1896. Originally known as Cedar Lake, it officially changed its name to Lake Zurich in 1897. The area has a rich history, starting as a popular resort town before transforming into a prosperous suburban community.
As of the 2020 United States Census, Lake Zurich has a population of approximately 19,600 residents. The village has experienced steady growth over the years, attracting families and individuals looking for a blend of suburban tranquility and urban amenities. Lake Zurich offers a picturesque backdrop with its namesake lake and ample green spaces, making it an attractive place to live.
The real estate market in Lake Zurich is dynamic, offering a mix of single-family homes, townhouses, and condominiums. The village's real estate market is known for its stability and attractive property options. With top-rated schools, parks, and recreational facilities, Lake Zurich provides a desirable living environment for residents of all ages. Whether you are looking for a cozy home by the lake or a modern townhouse in a vibrant community, Lake Zurich 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.
