Top Medford, MA 1031 Exchange Lawyers Near You
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100 Summer Street, Suite 2250, Boston, MA 02110
470 Atlantic Ave, Suite 600, Boston, MA 02210
111 Eastern Ave, Suite 1E, Chelsea, MA 02150
1 South Market Building, Faneuil Hall Marketplace, 4th Floor, Boston, MA 02109
201 Washington St, Suite 2000, Boston, MA 02108
500 Boylston Street, 14th Floor, Boston, MA 02116
175 Federal Street, Boston, MA 02110
20 Park Plaza, Suite 820, Boston, MA 02116
156 State Street, Boston, MA 02109
27 Harvard Street, Brookline, MA 02445
50 Milk St, 21st Floor, Boston, MA 02109
246 Andover Street, Unit 101, Peabody, MA 01960
75 Federal St, Suite 1000, Boston, MA 02110
80 William Street, Suite 210, Wellesley, MA 02481
189 Wells Avenue, Suite 302, Newton, MA 02459
420 Boylston Street, Suite 610, Boston, MA 02116
155 Federal Street, 9th Floor, Boston, MA 02110
1380 Soldiers Field Rd, Suite 2100, Boston, MA 02135
24 Market Street, Amesbury, MA 01913
92 High St, Suite DH30, Medford, MA 02155
2 Seaport Lane, 9th Floor, Boston, MA 02210
1200 Crown Colony Dr, Suite 610, Quincy, MA 02169
Two Seaport Lane, 10th Floor, Boston, MA 02210
2 International Place, Boston, MA 02110
50 Congress Street, Suite 200, Boston, MA 02109
Medford 1031 Exchange Information
Lead Counsel Verified Attorneys in Medford
Lead Counsel independently verifies 1031 Exchange attorneys in Medford and checks their standing with Massachusetts 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 Medford?
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 Massachusetts?
- 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