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To complete a 1031 exchange in Old Saybrook, CT, 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 Old Saybrook, CT 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 Old Saybrook, CT. We understand that navigating a 1031 exchange…
Learn More
Nestled along the Connecticut shoreline, Old Saybrook is a picturesque town with a rich history dating back to its founding in 1635. Originally established as the Saybrook Colony, it is one of the oldest towns in the state. In 1852, Old Saybrook was officially incorporated as a town, showcasing its colonial roots and maritime heritage.
With a current population of around 10,000 residents, Old Saybrook offers a perfect blend of small-town charm and coastal beauty. Residents and visitors alike enjoy the town's historic Main Street, lined with quaint shops, restaurants, and galleries. The town's scenic beaches, such as Harvey's Beach and Town Beach, attract tourists during the summer months for relaxation and water activities.
The real estate market in Old Saybrook reflects its desirable coastal location, with a range of properties from historic New England homes to modern waterfront estates. The town's real estate market has shown resilience, with a steady demand for properties overlooking Long Island Sound. Homebuyers are drawn to Old Saybrook for its scenic landscapes, access to beaches, and proximity to major cities like New Haven and Hartford, making it an attractive place to call 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.
