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To complete a 1031 exchange in Thornwood, NY, 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 Thornwood, NY 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 Thornwood, NY. We understand that navigating a 1031 exchange…
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Thornwood is a picturesque hamlet located in Westchester County, New York. It was established in the late 19th century and officially became part of the town of Mount Pleasant in 1904. With a rich history and a strong sense of community, Thornwood is known for its tranquil surroundings and welcoming atmosphere.
The population of Thornwood is approximately 6,122 residents based on the most recent census data. This small yet vibrant community offers a perfect blend of suburban living with easy access to urban amenities. The residents of Thornwood enjoy a high quality of life, excellent schools, and a variety of recreational activities, making it an attractive place to call home.
In terms of real estate, Thornwood offers a diverse range of housing options from charming single-family homes to modern condominiums. The real estate market in Thornwood is competitive, with a mix of historic properties and newly constructed homes. The median home value in Thornwood is $605,000, making it an appealing choice for those looking to invest in a property in a peaceful and family-friendly environment.
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.
