What do I need to know?

 Your exchange will be smoother and easier on you if you take a few moments to become familiar with the IRS rules and procedures governing Sec. 1.1031 exchanges. This information is readily available in our "Exchange Procedure Manual™" which you can find on our website by clicking here. This booklet explains the IRS rules in a condensed form.

The procedure and timing of the exchange is explained by our "Step by Step Instructions page ", please click here.

To set up your exchange you will need the following information:

1. The address & description information about your Relinquished property.

2. The name of the Buyers.

3. The name, address, phone, and E-mail address of your R.E. Broker

4. The name, address, phone, and E-mail address of the Closing Agent, and Closing Company. And the escrow file number if available.

5. The approximate closing date.

When you get ready to set up your Replacement property you will need the following information:

1. The address & description information about your Replacement property.

2. The name of the Sellers.

3. The name, address, phone, and E-mail address of your R.E. Broker

4. The name, address, phone, and E-mail address of the Closing Agent, and Closing Company. And the escrow file number if available.

5. The approximate closing date.

6. The amount of your proceeds you wish us to use for the property purchase.

We are usually able to process documents the same day we receive the required information from the closing company. However we do not set the pace and speed or flow of the transaction, that is done by the escrow closing agent, and/or Real Estate Brokers involved.

Your exchange will go much faster and smoother if you allow sufficient time (5-7 days) between the closings of the Relinquished & Replacement properties for the proper processing and recording of the closing documents. For your benefit we require a reasonable period of time to review and prepare documents. The IRS exchange rules are not hard but they are strict.