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To complete a 1031 exchange in Marblehead, MA, 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 Marblehead, MA 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 Marblehead, MA. We understand that navigating a 1031 exchange…
Learn More
Marblehead, initially founded in 1629, is a historic coastal town in Massachusetts. It didn't gain city status until 2019, making it one of the newest cities in the state. Despite its recent upgrade, Marblehead has a rich history rooted in maritime heritage, attracting visitors with its picturesque harbor and charming New England architecture.
The population of Marblehead stands at approximately 20,000 residents. This relatively small community fosters a tight-knit atmosphere where neighbors know each other, and community events are well-attended. Its proximity to Boston, just around 17 miles away, makes it an attractive location for those looking to escape the hustle and bustle of the city while still having easy access to urban amenities.
In terms of the real estate market, Marblehead offers a mix of historic homes dating back centuries, modern waterfront properties, and cozy downtown dwellings. With an average home price of around $800,000, the real estate market in Marblehead is known for its stability and desirability, drawing in buyers seeking a blend of coastal charm and contemporary living.
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.
