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To complete a 1031 exchange in Waterford, 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 Waterford, 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 Waterford, CT. We understand that navigating a 1031 exchange…
Learn More
Waterford, CT, a serene town situated on the Long Island Sound, does not hold the status of a city. It is a town within New London County, Connecticut. Established in 1801, Waterford was originally a part of New London. The town officially separated and became incorporated in 1801. Waterford is known for its rich history dating back to the colonial era, making it a popular destination for visitors and history enthusiasts.
As of the latest census data, Waterford, CT, has a population of approximately 19,000 residents. The town offers a tight-knit community feel while being conveniently located near larger urban areas like New London and Hartford. Residents enjoy a mix of suburban and rural living, with access to various amenities, picturesque landscapes, and a strong sense of community. The town is also home to several schools, parks, and recreational facilities for residents of all ages.
The real estate market in Waterford, CT, is characterized by a blend of historic homes, waterfront properties, and modern developments. Housing options range from charming colonial-style houses to contemporary condominiums. The town's proximity to the coast offers desirable waterfront living opportunities, attracting both primary homeowners and those seeking vacation properties. The market is dynamic, catering to a diverse range of preferences and budgets, making Waterford an appealing location for individuals and families looking for a mix of history, natural beauty, and community spirit.
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.
