Home Search MLS

Setup

 

Up
What is a 1031
Like Kind Property
Guidelines
Reverse Exchange
Delayed Exchange
Pitfalls
FAQ
Steps
Setup
Purchase Contract
Intermediary
Owners
Tax Advice
1031 Exchanges

Martha and Don Woods PA

the internet savvy REALTORS®

Watson Realty Corp.

1504 S Atlantic Ave

New Smyrna Beach, Florida 32169

 

How to Setup a 1031Tax-deferred Real Estate Exchange


Before you close, your Accommodator will need just two things to set up your exchange.


1: A copy of your signed and accepted Earnest Money Agreement or Purchase and Sale Contract.

In your best interest, there is some sample language we recommend you include in your Earnest Money Agreement or Purchase and Sale Contract. The IRS does not require that this language be included, but we suggest you include it for your own benefit.


2: The Name and phone number of the Title and Escrow Company or Attorney handling your closing. We will need to request a copy of the Preliminary Title Report.

Your Accommodator will need to be in close contact with the Escrow Officer or Closer you will use to handle your closing. He will give them instructions on how to structure your closing for a tax-deferred exchange.


If you need anymore information or have any specific questions about 1031 tax-deferred exchanges, please contact us at 1031exchange@marthadon.com or call us at (386)-478-9202 or toll-free 1-866-877-281-7432.