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To complete a 1031 exchange in North Andover, MA, 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 North Andover, MA 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 North Andover, MA. We understand that navigating a 1031 exchange…
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North Andover, MA, a charming town located in Essex County, became a city in 1855. With a rich history dating back to the early 1600s, North Andover offers a perfect blend of historic charm and modern amenities. The town is well-known for its picturesque New England architecture, beautiful landscapes, and vibrant community spirit.
As of the latest census data, North Andover boasts a population of approximately 30,000 residents. The town has experienced steady growth over the years, attracting families and professionals looking for a peaceful yet thriving community to call home. Its proximity to major cities like Boston and New Hampshire makes it an ideal location for those seeking a balanced lifestyle.
The real estate market in North Andover is competitive, with a variety of housing options available to suit different preferences. From historic colonial homes to modern condominiums, North Andover offers a diverse range of properties. The town's strong school system, recreational facilities, and proximity to nature trails and parks make it a desirable location for both buyers and investors in the real estate market.
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.
