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Martha and Don Woods PAthe 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.
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