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To complete a 1031 exchange in Saint Clair Shores, MI, 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 Saint Clair Shores, MI 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 Saint Clair Shores, MI. We understand that navigating a 1031 exchange…
Learn More
Saint Clair Shores, Michigan, officially became a city on March 28, 1951. Prior to that, it was a part of Erin Township and in 1925, it was incorporated as a village. Over the years, it has developed into a vibrant city with a rich history and a strong community spirit.
As of the 2020 census, Saint Clair Shores has a population of approximately 58,206 residents. The city is known for its scenic waterfront areas along Lake St. Clair, offering picturesque views and a variety of recreational activities for its residents to enjoy. The city has a diverse population and a range of amenities that cater to residents of all ages.
The real estate market in Saint Clair Shores is characterized by a mix of housing options, including single-family homes, condominiums, and apartments. The median home value in Saint Clair Shores is around $150,000, making it an affordable option for those looking to buy a home in a lakeside community. The city's real estate market is competitive, with homes often selling quickly due to high demand and limited inventory.
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.
