Top Carleton, MI 1031 Exchange Lawyers Near You
Buying or Selling a Property? From Boundary Disputes to Zoning Issues Our Team Can Remove the Real Estate Hurdles for You.
Virtual Appointments
39500 High Pointe Blvd, Ste 470, Novi, MI 48375
Contact Tilchin & Hall, P.C. for your 1031 Exchange needs in Michigan.
28 W. Adams Ave, Suite 1500, Detroit, MI 48226
26075 Woodward Ave, Suite 200, Huntington Woods, MI 48070
37000 Grand River Avenue, Suite 200, Farmington Hills, MI 48335
33 Bloomfield Hills Pkwy, Suite 125, Bloomfield Hills, MI 48304
28175 Haggerty Rd, 110, Novi, MI 48377
74 E. Long Lake Road, Suite 100, Bloomfield Hills, MI 48304
17197 N. Laurel Park Drive, Suite 201, Livonia, MI 48152
200 Renaissance Center, Suite 3110, Detroit, MI 48243-1301
400 Renaissance Center, Suite 2600, Detroit, MI 48243
500 Woodward Avenue, Suite 4000, Detroit, MI 48226-3425
Cambridge Center, 38777 Six Mile Road, Suite 300, Livonia, MI 48152
39395 West 12 Mile Road, Suite 200, Farmington Hills, MI 48331
41430 Grand River Ave, Suite D, Novi, MI 48375
1441 West Long Lake Road, Suite 310, Troy, MI 48098
30300 Northwestern Highway, Suite 324, Farmington Hills, MI 48334
150 West Jefferson Avenue, Suite 100, Detroit, MI 48226
450 West Fourth Street, Royal Oak, MI 48067-2557
660 Woodward Avenue, 2290 First National Building, Detroit, MI 48226
1155 Brewery Park Blvd, Suite 200, Detroit, MI 48207
39533 Woodward Ave, Suite 318, Bloomfield Hills, MI 48304
500 Woodward Ave, Suite 2800, Detroit, MI 48226
1441 W Long Lake Rd, Suite 175, Troy, MI 48098
32255 Northwestern Highway, Suite 214, Farmington Hills, MI 48334
One Towne Square, Fifth Floor, Southfield, MI 48076
Carleton 1031 Exchange Information
Lead Counsel Verified Attorneys in Carleton
Lead Counsel independently verifies 1031 Exchange attorneys in Carleton and checks their standing with Michigan 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 Carleton?
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 Michigan?
- 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