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To complete a 1031 exchange in South Lyon, 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 South Lyon, 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 South Lyon, MI. We understand that navigating a 1031 exchange…
Learn More
South Lyon, MI, became a city on November 28, 1832, making it one of the earliest settlements in Michigan. Originally known as Thompson's Corners, the town officially changed its name to South Lyon in 1873. Its rich history dating back to the early 19th century provides a unique charm and character that residents and visitors appreciate.
As of the latest census data, South Lyon has a population of approximately 12,000 residents. The city's small-town feel and proximity to major cities like Ann Arbor and Detroit make it an attractive place to live for those seeking a quiet community with easy access to urban amenities. The population has been steadily growing, reflecting the increasing popularity of the area.
The real estate market in South Lyon offers a mix of historic homes, modern developments, and spacious properties. The city provides a range of housing options to cater to different preferences and budgets. With a strong housing market, competitive prices, and a desirable location, South Lyon continues to be a sought-after destination for homebuyers looking for a blend of comfort and convenience in a picturesque setting.
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.
