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To complete a 1031 exchange in Stonington, 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 Stonington, 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 Stonington, CT. We understand that navigating a 1031 exchange…
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Stonington, CT, a charming coastal town that exudes quintessential New England charm, was founded in 1649. The city's rich history dates back to the colonial era, and its picturesque streets still reflect its maritime past. With a population of approximately 18,000 residents, Stonington offers a perfect blend of small-town feel and vibrant community life.
The real estate market in Stonington, CT, presents a delightful mix of historic homes, waterfront properties, and cozy cottages. Renowned for its scenic beauty and proximity to the ocean, Stonington's real estate offerings cater to various tastes and preferences. Whether you seek a quaint beachfront escape or a classic colonial residence, this town has something for everyone. The market trends highlight a steady demand for coastal living and an appreciation for waterfront living.
Beyond its captivating real estate options, Stonington, CT, boasts a thriving arts scene, delectable dining establishments, and a strong sense of community spirit. Home to historic landmarks like the Old Lighthouse Museum and the famous Mystic Seaport, Stonington offers residents and visitors an enriching cultural experience. The city's proximity to major cities like New York and Boston adds to its appeal, making it an idyllic destination for those seeking a perfect blend of history, culture, and coastal living.
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.
