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To complete a 1031 exchange in Medford, 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 Medford, 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 Medford, MA. We understand that navigating a 1031 exchange…
Learn More
Medford, Massachusetts became a city on March 3, 1892. Originally settled in 1630, it was officially established as a town in 1754. With a rich history dating back centuries, Medford has evolved into a vibrant city that blends its colonial past with modern amenities, making it a popular place to live and visit in the Greater Boston area.
As of the latest census data, the population of Medford stands at around 57,000 residents. Known for its diverse community and strong sense of local pride, Medford offers a welcoming environment for families, young professionals, and individuals alike. The city's close proximity to Boston, excellent schools, and numerous parks make it an attractive destination for those seeking a balance of urban convenience and suburban tranquility.
The real estate market in Medford is dynamic, with a mix of historic homes, new developments, and rental properties. The median home value in Medford is approximately $600,000, with prices varying based on location, size, and amenities. As the city continues to grow and attract new residents, the real estate market remains competitive, offering both buyers and sellers opportunities in this desirable community.
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.
