1031 Exchange

Do you own real estate that you plan to sell? Consider a 1031 property exchange. Property exchanges have many benefits including that they can save you a lot of time and money. In order to carry out a successful 1031 exchange, the services of a trusted partner can be invaluable. We at Whitehall-Parker Securities, Inc., have helped people like you carry out successful exchanged for years.


What Is a 1031 Exchange?

To put it simply, a 1031 exchange is the process of buying a “like property” with the profits gained from the sale of the original property. 1031 exchanges have many benefits, including delayed or reduced tax payments and the ability to upgrade or move your investments without significant tax payments or IRS intervention.

Four primary forms of exchange each apply to a different situation.

  • Simultaneous Exchange: The sale of the old property and the purchase of the new property close on the same day.
  • Delayed Exchange: Within 45 days of the sale of the old property, the new one is identified, and the purchase is finalized within 180 days.
  • Reverse Exchange: The new property is acquired between 180 days or fewer before the sale of the old property.
  • Improvement Exchange: The new property is improved upon within 180 days of acquisition.

1031 exchanges are complex, and the failure to adhere to strict legal guidelines can result in fines and increased taxes. As such, you should always have experts on your side to aid in the process.


Why Work With Whitehall-Parker Securities, Inc.?

We will be with you through every step of the process. We can help you find a trustworthy intermediary to manage your funds during the exchange process. We also help you find the right property to purchase, one that fits your needs as well as the requirements of the exchange. We’ll even represent you as needed as long as you hold the new investment.

If you’re ready to exchange your property for a new one, contact Whitehall-Parker Securities, Inc., today at (415) 421-5935 to learn more.