Our team of experts will guide you every step of the way, helping you achieve your investment goals, minimize tax liabilities, and simplify the process.
Contact us today to connect with a professional 1031 Exchange Facilitator.
Get Your Free E-Book.
To complete a 1031 exchange in Penfield, NY, 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.
More About
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 Penfield, NY 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…
Learn More
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…
Learn More
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 Penfield, NY. We understand that navigating a 1031 exchange…
Learn More
Penfield, NY, situated in Monroe County, hasn't officially become a city; it remains a town governed by a Town Board. Founded in 1810, Penfield covers a land area of approximately 36 square miles and is known for its picturesque landscapes, historical sites, and vibrant community spirit.
With a population of around 37,000 residents, Penfield offers a close-knit and welcoming environment for families and individuals alike. The town features a mix of suburban neighborhoods, excellent schools, and various recreational facilities such as parks, trails, and community centers, making it an attractive place to live for those seeking a balanced lifestyle.
The real estate market in Penfield boasts a diverse range of properties, from charming single-family homes to spacious townhouses and luxury estates. The average home value in Penfield stands at approximately $243,000, with a range of housing options catering to different preferences and budgets. The town's real estate market is competitive, with properties often garnering multiple offers due to its desirable location and quality of life.
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.
