1031 Exchange Property Help in Shafter

A 1031 exchange offers people who hold business or investment real estate a path to sell, reinvest in like-kind property and postpone capital gains tax, provided every rule is met. The timing rules are firm. After the relinquished property closes, the owner must name potential replacements in writing within 45 days and wrap up a purchase within 180. A qualified intermediary holds the proceeds during that period, and a tax advisor confirms how the exchange applies to your situation. Shafter Real Estate Pros handles the real estate. We sell the property you are exchanging out of, search for and evaluate replacements, negotiate the purchase and keep both transactions aligned with your exchange dates. Because 45 days pass quickly, we prefer to begin looking at replacement options before the first sale closes, so you can choose thoughtfully rather than in a hurry. Purchase contracts are written with timelines that fit inside the 180 days. Farmland, rental houses, commercial buildings and investment land may all be part of an exchange. Tax and legal advice are outside our role, and no tax result is promised; we make sure the property side is handled carefully and on time.