Top Elberta, AL 1031 Exchange Lawyers Near You
11 North Water Street, RSA Tower, Suite 22200, Mobile, AL 36602
211 North Water Street, Suite 10290, Mobile, AL 36695
63 South Royal Street, Suite 901, Mobile, AL 36602
23210 US-98, Suite D4, Fairhope, AL 36532
101 Dauphin Street, Suite 1000, Mobile, AL 36602
2201 W 1st St, PO Box 4850, Gulf Shores, AL 36547
PO Box 11, Mobile, AL 36601
1751 Old Shell Road, Suite B, PO Box 1, Mobile, AL 36601
306 St. Francis St., Mobile, AL 36602
1 St. Louis Street, Suite 1000, Mobile, AL 36602
221 Fairhope Avenue, PO Box 1367, Fairhope, AL 36533-1367
4312 The Cedars Avenue, Mobile, AL 36608-2001
11 North Water Street, Suite 23200, Mobile, AL 36602
11 North Water St, 10th Floor, Mobile, AL 36602
11 North Water Street, Suite 24290, Mobile, AL 36602
27180 Pollard Road, Daphne, AL 36526
One Timber Way, Suite 101, Daphne, AL 36527
2610-B Dauphin Street, Suite 101, Mobile, AL 36606
300 D'Olive Street, PO Box 100, Bay Minette, AL 36507
1506 McKenzie Center, Suite 106, Foley, AL 36535
107 St. Francis St., Suite 1590, PO Box 2648, Mobile, AL 36602
7823 Hwy. 59 South, Foley, AL 36535
4317-A Midmost Drive, Mobile, AL 36609-5589
PO Box 2226, Mobile, AL 36652
118 N. Royal Street, Suite 600, Mobile, AL 36602
Elberta 1031 Exchange Information
Lead Counsel Verified Attorneys in Elberta
Lead Counsel independently verifies 1031 Exchange attorneys in Elberta and checks their standing with Alabama bar associations.
Our Verification Process and Criteria
Ample Experience
Attorneys must meet stringent qualifications and prove they practice in the area of law they’re verified in.
Good Standing
Be in good standing with their bar associations and maintain a clean disciplinary record.
Annual Review
Submit to an annual review to retain their Lead Counsel Verified status.
Client Commitment
Pledge to follow the highest quality client service and ethical standards.
What Is a 1031 Exchange?
A “1031 exchange” refers to section 1031 of the U.S. Internal Revenue Code, which allows you to defer capital gains taxes on some real estate transactions. Also known as a “tax-deferred exchange,” you will be able to defer any capital gains taxes when selling a home as long as you are buying another home that costs more. You can also do this for business property investment. Many property exchanges qualify as a 1031 exchange as long as you are holding the property for investment or business use, giving you significant tax savings.
What Are Some Examples of Situations Where I Might Need a Real Estate Lawyer To Help With a 1031 Exchange?
While a common tax savings tactic for real estate investors, making sure your 1031 exchange goes smoothly may require a lawyer’s attention to detail and knowledge of the law. Consult with your real estate lawyer if you are considering purchasing a new piece of real estate investment property or seeking a new business property.
How Can a Real Estate Lawyer Help Me?
A real estate lawyer can help you through the real estate process. With so much money on the line, it is wise to work with a lawyer to protect your investment. A real estate lawyer can help with:
- Breach of contract claims
- Property insurance claim denials
- Title disputes
- Zoning restrictions
- HOA restrictions
- Negotiating commercial lease agreements
- Handling property tax matters
What Could Happen if I Don’t Hire a Real Estate Lawyer?
If you don’t hire a real estate lawyer, you could be putting your home or business at risk. Problems with a real estate deal can quickly spiral out of control, costing you tens of thousands of dollars or more. Property ownership or title disputes can cost you your home. Without a real estate lawyer, you could face:
- Property and zoning restrictions
- Property tax penalties
- Breach of contract claims
- Environmental remediation costs
What Questions Should I Ask When Trying To Find a Real Estate Lawyer in Elberta?
These questions can help you decide if you feel comfortable and confident that a lawyer has the qualifications, experience, and ability to manage your case. Many real estate lawyers offer an initial consultation that allows you to understand your options and get specific legal advice before hiring them. The top questions to ask include:
- What is your experience in handling real estate cases in Alabama?
- Have you represented property owners in cases like mine?
- What are potential issues that can come up during the property purchase?
- How will you keep me informed about updates in my case?
- What is the likely timeline for resolving my case?
- What is your fee structure for legal representation?
Tips for Hiring a Real Estate Lawyer
Take the time to find a real estate attorney who is right for you and will represent your best interests. Find a lawyer who understands your case, knows your needs and goals, and has the experience to get the best outcome. Things to do:
- Ask for recommendations
- Research lawyers online
- Schedule consultations
- Review experience and expertise
- Talk about fees and billing
- Trust your instincts