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To complete a 1031 exchange in West Falls, 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 West Falls, 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 West Falls, NY. We understand that navigating a 1031 exchange…
Learn More
West Falls, NY officially became a city in 1835, making it one of the oldest cities in the state. Originally founded as a small settlement in the early 1800s, West Falls grew rapidly due to its strategic location and thriving economy. Over the years, it has developed into a bustling urban center with a rich history and vibrant community.
Currently, the population of West Falls stands at approximately 45,000 residents, making it a mid-sized city in New York. The diverse population of West Falls contributes to its dynamic culture and strong sense of community. With a mix of young professionals, families, and retirees, the city offers a range of amenities and activities to cater to different lifestyles.
The real estate market in West Falls is competitive yet diverse, offering a variety of housing options to suit different preferences and budgets. From historic colonial homes to modern condominiums, the city has something for everyone. The market is characterized by steady growth and stable property values, making West Falls an attractive destination for those looking to buy or invest in real estate.
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.
