Top Springfield, GA 1031 Exchange Lawyers Near You
100 Bull Street, Suite 200, CM 224, Savannah, GA 31401
24 Drayton Street, Suite 712, Savannah, GA 31401
100 Bull Street, Suite 200, Savannah, GA 31401
1 Bull St, Suite 200, Savannah, GA 31401
7402 Hodgson Memorial Dr, Suite 110, Savannah, GA 31406
35 Barnard Street, Suite 300, Savannah, GA 31401
10950 Ford Avenue, Richmond Hill, GA 31324
33 Bull St, Suite 203, Savannah, GA 31401
200 East Saint Julian Street, Savannah, GA 31401
218 West State Street, Savannah, GA 31401
319 Tattnall Street, Savannah, GA 31401
24 Drayton Street, Suite 202, Savannah, GA 31401
One West Park Avenue, Savannah, GA 31401
14 East State Street, Savannah, GA 31412
24 Oglethorpe Professional Blvd, Suite 200, Savannah, GA 31406
22 East 34th Street, Savannah, GA 31401
415 Eisenhower Dr, No. 1, Savannah, GA 31406
4401 Habersham Street, Savannah, GA 31405
200 East Saint Julian Street, Suite 500, Savannah, GA 31401
6205 Abercorn St, Suite 201, Savannah, GA 31405
1575 Highway 21 South, Springfield, GA 31329
323 E Congress St, Savannah, GA 31401
617 Stephenson Avenue, Suite 202, Savannah, GA 31405
7 East Congress Street, Suite 1001, Savannah, GA 31401
2603 Whitaker Street, Savannah, GA 31401
Springfield 1031 Exchange Information
Lead Counsel Verified Attorneys in Springfield
Lead Counsel independently verifies 1031 Exchange attorneys in Springfield and checks their standing with Georgia 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 Springfield?
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 Georgia?
- 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