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To complete a 1031 exchange in Edgartown, MA, you must work with a qualified intermediary to hold your funds and sign an agreement. At 1031 Nationwide, we can provide the expertise and support you need to ensure a successful exchange.
To participate in a 1031 exchange, you must first sell your existing property, which is known as the “relinquished property.” All deadlines for the exchange process are based on the closing date of the relinquished property, not the contract date.
Once you’ve sold your relinquished property, the next step in a 1031 exchange is to identify potential replacement properties to buy. This is a crucial step in the exchange process, and it must be completed within 45 days of the sale of the relinquished property.
The final step is to purchase the replacement property within 180 days of selling the relinquished property. This six-month window allows you to find and close on a suitable replacement that meets your investment goals and the exchange requirements.
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At 1031 Nationwide, our mission is to help you achieve your investment goals, while minimizing your tax liabilities and simplifying the 1031 exchange process. We understand that navigating a 1031 exchange in Edgartown, MA can be complex and time-consuming, but with our expertise and experience, we can guide you every step of the way.
Our team of qualified intermediaries has helped countless investors across the country successfully complete their 1031 exchanges, unlocking new opportunities for growth and financial freedom. We offer personalized guidance and support throughout the entire process, from identifying potential replacement properties to closing the deal.
At 1031 Nationwide, we understand that completing a 1031 exchange can be a complex and daunting process. That’s why we offer a range of services to simplify the exchange process and help…
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At 1031 Nationwide, we are dedicated to helping real estate investors grow their portfolios and achieve their financial goals through 1031 exchanges. We understand that navigating the complexities…
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At 1031 Nationwide, our mission is to help you achieve your investment goals, while minimizing your tax liabilities and simplifying the 1031 exchange process in Edgartown, MA. We understand that navigating a 1031 exchange…
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Edgartown is a historic town located on Martha's Vineyard in Dukes County, Massachusetts. Founded in 1671, Edgartown is known for its picturesque harbor, charming architecture, and rich maritime history. Unlike many other towns in Massachusetts, Edgartown has retained its small-town charm while also offering a range of upscale amenities.
As of the 2020 United States Census, the population of Edgartown was recorded at approximately 4,067 residents. The town experiences a significant seasonal population increase due to its popularity as a summer destination, with visitors drawn to its beautiful beaches, boutique shops, and fine dining establishments. Despite the influx of tourists, Edgartown maintains a strong sense of community and local charm.
The real estate market in Edgartown is highly desirable, with a mix of historic homes, waterfront properties, and luxury estates. Properties in Edgartown often command premium prices, reflecting the town's exclusivity and sought-after location. The market offers a range of options, from quaint cottages in the village center to expansive waterfront mansions overlooking the ocean, making Edgartown a popular choice for both year-round residents and those seeking a second home.
We have worked with various companies, just a few we have partnered with. You can be assured that your 1031 Exchange will be handled appropriately.
