Top Waterloo, IL 1031 Exchange Lawyers Near You
475 Regency Park, Suite 175, O'Fallon, IL 62269
101 West Vandalia St, Suite 220, Edwardsville, IL 62025
23 Public Square, Suite 400, Belleville, IL 62220
1939 Delmar Avenue, PO Box 735, Granite City, IL 62040
23 Public Square, Suite 300, Belleville, IL 62220
105 West Vandalia Street, Suite 400, Edwardsville, IL 62025
216 North Main Street, Edwardsville, IL 62025-1604
103 W. Vandalia Street, Suite 215, Edwardsville, IL 62025
210 W Vandalia St, Suite 210, Edwardsville, IL 62025
1000 Eleven S, Suite 4G, Columbia, IL 62236
23 S. First Street, Belleville, IL 62220
Richland Plaza 1, 525 West Main Street, Suite 200, Belleville, IL 62220
115 N. Second Street, Edwardsville, IL 62025
217 S. Main Street, Edwardsville, IL 62025-1921
1405 N. Green Mount Road, Suite 400, O'Fallon, IL 62269
517 St. Louis St, Edwardsville, IL 62025
821 W Hwy 50, O'Fallon, IL 62269
411 St. Louis St., Edwardsville, IL 62025-1603
105 W Vandalia St, Suite 475-A, Mark Twain Plaza III Bldg, Edwardsville, IL 62025
105 W Vandalia St, Suite 100, Edwardsville, IL 62025
521 W Main St, Suite 300, Belleville, IL 62220
115 W Washington St, Belleville, IL 62220
325 South High Street, Belleville, IL 62220
2227 South State Route 157, Edwardsville, IL 62025
Richland Executive Plaza, Suite 100, 521 W Main Street, Belleville, IL 62220
Waterloo 1031 Exchange Information
Lead Counsel Verified Attorneys in Waterloo
Lead Counsel independently verifies 1031 Exchange attorneys in Waterloo and checks their standing with Illinois 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 Waterloo?
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 Illinois?
- 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