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To complete a 1031 exchange in New Point, 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 New Point, 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 New Point, VA. We understand that navigating a 1031 exchange…
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New Point, VA, is a charming city located in Mathews County, Virginia. Established in 1701, this historic city has a rich heritage and is known for its picturesque landscapes and tranquil atmosphere. With a population of approximately 300 residents, New Point offers a tight-knit community known for its friendly locals and small-town feel.
In recent years, the real estate market in New Point, VA, has seen steady growth and development. The city's housing market offers a mix of historic homes, waterfront properties, and modern residences, catering to various preferences and budgets. The real estate prices in New Point have been stable, making it an attractive location for buyers looking for a peaceful retreat or a permanent residence.
With its proximity to the Chesapeake Bay and the Atlantic Ocean, New Point, VA, attracts visitors and residents alike who appreciate its natural beauty and the opportunities for outdoor activities. The city's real estate market reflects its desirable location, with properties often featuring stunning waterfront views and access to recreational amenities. Whether you're looking for a weekend getaway or a place to call home, New Point offers a serene setting that appeals to those seeking a relaxed lifestyle.
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.
