Have Questions? 1-303-789-1031

Get Started with a 1031 Exchange in 5 Easy Steps

  • 1

    Contact Exchange Resource Group immediately upon deciding to do an exchange to ensure proper document preparation and coordination of all parties, including real estate agent, tax advisor and title company.

  • 2

    Discuss your exchange with your tax advisor.

  • 3

    Make sure that the real estate contracts have the 1031 terminology in the contract that allows for the assignment & indicates your intent to do an exchange.

    Sample Terminology for Real Estate Contracts (Taxpayer should consult their tax advisor or real estate professional as this is suggested language only):

    “Both the Seller and the Buyer hereto agree to cooperate with each other in a manner necessary to enable either party to qualify for a IRC Section 1031 tax-deferred exchange at no additional cost or liability to either party. Either party’s rights and obligations will be assigned to Exchange Resource Group to facilitate such exchange.”

  • 4

    New property must be identified within 45 days of the closing of the old property.

  • 5

    Acquisition of the new property must be completed within 180 days of the closing of the old property.

Give Us A Call for a "NO-CHARGE" Consultation: 1-303-789-1031

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