To complete a 1031 exchange in Pharr, TX, 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 Pharr, TX 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 MoreAt 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 MoreAt 1031 Nationwide, our mission is to help you achieve your investment goals, while minimizing your tax liabilities and simplifying the 1031 exchange process in Pharr, TX. We understand that navigating a 1031 exchange…
Learn MorePharr, TX, established in 1916, is a city rich in history and culture. With a population of approximately 79,112 as of the last census, this thriving city is a bustling hub in Hidalgo County.
Pharr's real estate market offers a diverse range of properties to suit various needs and preferences. From cozy single-family homes to modern condominiums and spacious commercial spaces, there is something for everyone in this dynamic city. The housing market in Pharr is known for its affordability and desirable location.
Whether you are looking to invest in real estate or considering moving to Pharr, TX, you will find a welcoming community, vibrant economy, and a range of amenities to enjoy. With its strategic location near the U.S.-Mexico border, Pharr offers a unique blend of cultures and opportunities, making it a distinctive and appealing place to live, work, and thrive.
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.