Getting Started

To initiate your exchange and keep the process simple for you, we will need the following information to prepare the exchange documents and notify the closing agent of your exchange:

    • Copy of the executed Agreement of Sale for the property you are selling (Relinquished Property). We can get this from your real estate professional or attorney.
    • Name and contact information for closing agent of relinquished property.
    • Copy of the executed Agreement of Sale for the property you are purchasing (Replacement Property), if available.
    • Name and contact information for the closing agent of replacement property, if available.

This will provide your Exchange Officer with the information needed to prepare the exchange documents for your review and signature prior to the closing. We will also notify the closing agent of your intent to exchange to ensure everything goes smoothly at your settlement. The more notice we have before closing, the smoother the process will be for all parties. However, if necessary, we can prepare documents very quickly.

Feel free to contact an Exchange Officer for assistance or to answer any questions you may have regarding your exchange.

Please discuss your situation with your tax and/or legal advisor. While your Exchange Officer is knowledgeable on Section 1031, as a Qualified Intermediary, we are prohibited from providing tax and/or legal advice.

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1031 Cooperation Clauses