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To complete a 1031 exchange in New Hope, PA, 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 Hope, PA 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 Hope, PA. We understand that navigating a 1031 exchange…
Learn More
New Hope, located in Bucks County, Pennsylvania, became a borough in 1837 and is known for its picturesque charm and historic roots. As of the latest census in 2020, the population of New Hope stands at approximately 2,528 residents. This small town is famous for its art galleries, boutique shops, and scenic Delaware River views.
The real estate market in New Hope offers a mix of historic homes, luxury estates, and modern properties. With a median home value of $558,000, the housing market in New Hope is considered competitive, attracting buyers seeking a blend of heritage and contemporary living. The town's proximity to Philadelphia also adds to its appeal, making it a desirable location for both primary residences and vacation homes.
New Hope's real estate landscape is influenced by its vibrant arts scene, riverfront location, and cultural events. The town's historic district, featuring 18th-century buildings and cobblestone streets, adds to the unique character of the area. Whether you're looking for a quaint Victorian home or a riverside retreat, New Hope offers a diverse selection of properties to suit various tastes and lifestyles.
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.
