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To complete a 1031 exchange in Pomfret Center, CT, 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 Pomfret Center, CT 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 Pomfret Center, CT. We understand that navigating a 1031 exchange…
Learn More
Pomfret Center, located in the state of Connecticut, was established as a city in 1713. It holds a rich history that dates back over 300 years, making it one of the oldest settlements in the region. The town boasts a quaint and charming atmosphere, with historic buildings and picturesque landscapes that attract residents and visitors alike.
With a population of approximately 1,200 residents, Pomfret Center offers a tight-knit community feel. The town is known for its strong sense of community spirit and local pride. Residents enjoy a peaceful and rural lifestyle while still having access to modern amenities and services. The town's small size fosters a close-knit and supportive environment among its inhabitants.
In terms of real estate, Pomfret Center features a diverse housing market. From historic Colonial-style homes to modern suburban developments, there is a range of options for potential buyers. The real estate market in Pomfret Center is stable, with property values holding steady over the years. The town's charming ambiance and proximity to natural surroundings make it an attractive location for those seeking a peaceful and idyllic place to call home.
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.
