When Should The Intermediary Be Contacted?
As experts in facilitating 1031 exchanges, we often get asked the question, "When should the intermediary be contacted?" The answer is simple - as early as possible!
It is important to involve an intermediary in the exchange process as early as possible to ensure a successful and compliant 1031 exchange. We recommend contacting us at 1031 Exchange Place as soon as you start considering the sale of your investment property and the purchase of a replacement property.
By involving us early on, we can help you identify potential replacement properties, review your sale and purchase agreements, and ensure that all necessary documentation is prepared in a timely manner. This will help you avoid any delays or mistakes in the exchange process.
In addition, involving an intermediary early on will also give you the opportunity to ask any questions you may have about the exchange process and provide you with the guidance you need to make informed decisions.
Remember, the 1031 exchange process can be complex and time-sensitive, so it is important to have an experienced intermediary like 1031 Exchange Place on your side from the very beginning. Contact us today to learn more about how we can help you with your 1031 exchange needs.
We'd love to guide you through the 1031 process, let us know how we can help!