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To complete a 1031 exchange in Trumansburg, NY, 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 Trumansburg, NY 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 Trumansburg, NY. We understand that navigating a 1031 exchange…
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Trumansburg is a charming village located in the Finger Lakes region of New York. Founded in 1792, it has a rich history dating back to the time of European settlement in the area. Originally known as "T'burg," the village became an official municipality in 1872, making it over 140 years old.
With a population of around 1,800 residents, Trumansburg offers a close-knit community feel while still being within reach of larger cities like Ithaca and Rochester. The village is known for its historic buildings, tree-lined streets, and vibrant arts scene. Trumansburg is also home to the popular GrassRoots Festival of Music and Dance, attracting visitors from all over the world.
Trumansburg's real estate market is diverse, offering a mix of historic homes, new developments, and rural properties. The median home value in Trumansburg is around $225,000, making it an attractive option for first-time homebuyers and those looking to escape the hustle and bustle of city living. With its picturesque surroundings and small-town charm, Trumansburg continues to be a sought-after destination for those seeking a peaceful and vibrant community to call 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.
