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To complete a 1031 exchange in West Newbury, MA, 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 Newbury, MA 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 Newbury, MA. We understand that navigating a 1031 exchange…
Learn More
Nestled in Essex County, West Newbury, MA is a picturesque town known for its rich history and small-town charm. Established in 1819, West Newbury became a town on February 18th of that year. Since then, it has maintained its quaint New England character while offering residents a peaceful retreat from the hustle and bustle of nearby cities.
With a population of approximately 4,500 residents, West Newbury offers a tight-knit community where neighbors become friends and families thrive. Whether you're strolling through the historic town center or enjoying the natural beauty of parks and conservation areas, West Newbury provides a tranquil setting for its residents to call home.
When it comes to the real estate market in West Newbury, MA, the town offers a mix of historic homes, charming cottages, and spacious estates set against a backdrop of rolling hills and lush greenery. The median home value in West Newbury is around $500,000, making it an attractive option for those seeking a peaceful lifestyle within easy reach of urban amenities in nearby cities.
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.
