Q: What is the time frame for initiating a 1031 exchange?
Your decision to do a 1031 exchange must come before the sale of the relinquished property. The proper exchange documentation must be signed and given to all subject parties before ownership of the relinquished property is transferred.
Q: How do I know what type of exchange suits my needs?
One of our exchange specialists will help you identify the type of exchange that meets your exact needs. Simply complete the Contact Us form or call us at 866.357.1031.
Q: What is the fee for doing a 1031 exchange?
The fee for a Simultaneous/Delayed/Personal Property exchange is a flat rate of $700 which includes the sale of one relinquished property and the purchase of one replacement property. Additional replacement property fee is $200.
If the exchanger receives a promissory note and deed of trust from the Buyer of the relinquished property as part of the exchange proceeds, there will be an additional $350 processing fee.
The fee for a Reverse or Improvement exchange is dependent on the complexity of the transaction and starts at $4,000.
The reverse exchange fee is $4800 and up, depending on the complexity of each transaction.
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