Understanding the 1031 Exchange Timeline
Every successful exchange begins with a plan.
The sooner you start planning, the more options you may have. Let us help you evaluate your options and develop a strategy around your goals.
-
Day
0
Closing of Relinquished Property
-
Day
45
End of Identification Period
-
Day
180
Close on Replacement Property
What to Expect
A Simple Process. Expert Guidance.
Every exchange is unique, but the process does not have to be complicated. We guide you through each step, from planning before the sale to completing your replacement purchase.
-
1
Start the Conversation Early
Contact us when you are considering selling your investment property. Early planning creates more opportunities and helps avoid costly mistakes.
-
2
We Coordinate the Details
We prepare the required exchange documentation and coordinate with your title company, attorney, CPA and real estate professionals to help ensure a smooth closing.
-
3
Your Exchange Begins
When your sale closes, your exchange timeline officially begins. Your proceeds are securely transferred into your exchange account held at Lamar National Bank, Member FDIC.
-
4
Identify Your Replacement Property
During the 45-day identification period, we will prepare the required documentation to properly identify your replacement property.
-
5
Complete Your Exchange
We coordinate the transfer of exchange funds, finalize the required documentation and help bring your exchange to a successful close.
Ready to take the next step?
Whether you are considering an exchange or have questions about the process, we are here to help.