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To complete a 1031 exchange in Hillsborough, NJ, 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 Hillsborough, NJ 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 Hillsborough, NJ. We understand that navigating a 1031 exchange…
Learn More
Hillsborough, NJ, officially became a town on May 29, 1771. It is located in Somerset County and has a rich history dating back to the pre-Revolutionary War era. The town was originally settled by Dutch and English farmers and has since grown into a vibrant community with a mix of suburban and rural characteristics.
As of the latest census data, Hillsborough has a population of approximately 40,000 residents. The town offers a high quality of life with excellent schools, parks, and recreational facilities. Hillsborough's diverse population and strong sense of community make it a popular choice for families and individuals looking to settle down in a peaceful yet dynamic environment.
The real estate market in Hillsborough, NJ, is competitive yet diverse. The town features a mix of historic homes, modern developments, and rural estates, catering to a variety of tastes and budgets. With a median home price of around $400,000, Hillsborough offers a range of housing options, from cozy townhouses to spacious single-family homes, making it an attractive destination for both first-time homebuyers and seasoned investors.
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.
