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To complete a 1031 exchange in Modest Town, VA, 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 Modest Town, VA 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 Modest Town, VA. We understand that navigating a 1031 exchange…
Learn More
Modest Town, VA, became an incorporated town in 1867. Located in Accomack County, it boasts a rich history mirroring the growth and changes in the region over the centuries. With roots dating back to the late 17th century, the town has evolved into a tight-knit community that values its heritage.
The population of Modest Town stands at approximately 300 residents, making it a truly small and cozy town in the heart of Virginia. Despite its size, the town has a welcoming atmosphere, where residents enjoy a slower pace of life and strong community bonds. The area's population has remained stable over the years due to its rural charm and proximity to nature.
In terms of real estate, Modest Town offers a blend of historic homes and newer properties, showcasing a diverse range of architectural styles. The real estate market in the town is characterized by a mix of affordable housing options, ideal for first-time buyers or those looking for a peaceful retreat. With a focus on preserving its heritage, Modest Town presents an opportunity for buyers seeking a slice of Virginia's rural beauty.
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.
