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To complete a 1031 exchange in Redfield, SD, 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 Redfield, SD 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 Redfield, SD. We understand that navigating a 1031 exchange…
Learn More
Redfield, SD, founded in 1880, officially became a city in 1903. Situated in Spink County, this charming town has a rich history and a strong sense of community. With its roots in agriculture and a bustling downtown area, Redfield offers a peaceful small-town living experience while being just a short drive from major cities like Sioux Falls and Aberdeen.
Home to approximately 2,300 residents, Redfield embodies the true spirit of Midwestern hospitality. The population is a mix of families, young professionals, and retirees who are drawn to the area for its affordable cost of living, excellent schools, and recreational opportunities. Whether you're looking to raise a family or retire in a serene setting, Redfield offers a high quality of life.
The real estate market in Redfield, SD, is a hidden gem. With a range of housing options from historic homes to modern developments, there is something for everyone. The average home price is around $120,000, making it an affordable option for first-time buyers and those looking to downsize. Whether you prefer a spacious farmhouse or a cozy bungalow, Redfield's real estate market provides opportunities to find your dream 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.
