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To complete a 1031 exchange in Silver City, NM, 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 Silver City, NM 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 Silver City, NM. We understand that navigating a 1031 exchange…
Learn More
Silver City, NM was officially established as a city in 1878 and is located in Grant County. Originally a mining town due to the discovery of silver in the area, it has since evolved into a vibrant community rich in history and culture. The city's historic downtown area boasts charming Victorian architecture, art galleries, and local shops, attracting visitors and residents alike.
As of the last census in 2020, Silver City had a population of approximately 9,509 residents. Known for its scenic beauty, mild climate, and outdoor recreational opportunities, the city offers a high quality of life for its inhabitants. With a mix of retirees, families, and young professionals, Silver City prides itself on its diverse and inclusive community.
The real estate market in Silver City reflects the city's popularity and desirability. While offering a range of housing options from historic adobe homes to modern developments, the market has seen steady growth in recent years. With a median home price of around $180,000, Silver City provides an attractive and affordable option for those looking to settle in a welcoming and picturesque Southwestern town.
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.
