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To complete a 1031 exchange in New Canaan, 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 New Canaan, 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 New Canaan, CT. We understand that navigating a 1031 exchange…
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New Canaan, CT, a picturesque town in Fairfield County, was officially incorporated in 1801. This charming city has a rich history of colonial roots and played a significant role in the American Revolutionary War. New Canaan is renowned for its beautiful landscapes, historic architecture, and a vibrant community that values arts and culture.
With a population of approximately 20,000 residents, New Canaan offers a perfect blend of small-town charm and modern amenities. The city maintains a strong sense of community with top-rated schools, diverse recreational opportunities, and a thriving downtown area filled with boutiques, restaurants, and art galleries.
The real estate market in New Canaan is known for its upscale properties and luxury homes. The city boasts a range of housing options, from historic colonial estates to contemporary mansions, making it an attractive destination for homebuyers seeking upscale living. The real estate market in New Canaan is competitive, with a median home price well above the national average, reflecting the desirability and exclusivity of this affluent 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.
