Top Sorrento, FL 1031 Exchange Lawyers Near You
6900 Tavistock Lakes Blvd, Suite 200, Orlando, FL 32827
121 S Orange Ave, Suite 1500, Orlando, FL 32801
1060 Woodcock Road, Orlando, FL 32803-2832
315 E Robinson St, Suite 600, Orlando, FL 32801
200 S. Orange Avenue, Suite 2600, Orlando, FL 32801
2328 Citadel Way, STE 103-PMB113, Melbourne, FL 32940
1000 Legion Pl, Suite 750, Orlando, FL 32801
317 S Tennessee Ave, Lakeland, FL 33801
390 N Orange Ave, Suite 1800, Orlando, FL 32801
2221 Curry Ford Rd, Orlando, FL 32806
1420 Celebration Blvd, Suite 200, Kissimmee, FL 34747
24 South Orange Avenue, PO Box 3629, Orlando, FL 32802
247 Maitland Ave, Suite 1000, Altamonte Springs, FL 32701
624 Mid-Florida Dr., Lakeland, FL 33813
884 S Dillard St, Winter Garden, FL 34787-3910
450 South Orange Avenue, Suite 650, Orlando, FL 32801
4850 N Highway 19A, Mount Dora, FL 32757
PO Box 692514, Orlando, FL 32869
1101 N Lake Destiny Rd, Suite 200, Maitland, FL 32751
PO Box 1776, Winter Park, FL 32790
2290 Lucien Way, Suite 205, Maitland, FL 32751-7058
2265 Lee Rd Ste 125, Winter Park, FL 32789
111 N Magnolia Ave, Suite 1450, Orlando, FL 32801
1060 Maitland Center Commons Blvd, Ste 365, Maitland, FL 32751
301 East Pine Street, Suite 500, Orlando, FL 32801
Sorrento 1031 Exchange Information
Lead Counsel Verified Attorneys in Sorrento
Lead Counsel independently verifies 1031 Exchange attorneys in Sorrento and checks their standing with Florida 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 Sorrento?
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 Florida?
- 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