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To complete a 1031 exchange in Norman, OK, 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 Norman, OK 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 Norman, OK. We understand that navigating a 1031 exchange…
Learn More
Located in the state of Oklahoma, Norman was established as a city in 1891. It was named in honor of Abner Norman, a railroader who stopped in the area during the land run of 1889. Over the years, Norman has grown from a small settlement to a bustling city known for its vibrant culture and community.
As of the latest census data, the population of Norman stands at approximately 127,000 residents. Home to the University of Oklahoma, the city has a diverse population that includes students, families, and professionals. Known for its friendly atmosphere and strong sense of community, Norman offers a high quality of life for its residents.
In recent years, Norman's real estate market has experienced steady growth. The city offers a range of housing options, from historic homes near the university to modern developments in the expanding suburbs. With a strong economy and a thriving job market, Norman has become an attractive destination for homebuyers looking to invest in a city that offers both urban amenities and a suburban 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.
