Top Dewitt, MI 1031 Exchange Lawyers Near You
123 W. Allegan St, Suite 400, Lansing, MI 48933
222 North Washington Square, Suite 400, Lansing, MI 48933
504 South Creyts Road, Suite A, Lansing, MI 48917
123 W Allegan St, Suite 900, Lansing, MI 48933
1140 Abbot Road, PO Box 1414, East Lansing, MI 48826
1019 Trowbridge Road, East Lansing, MI 48823
124 W. Allegan St., Suite 100, Lansing, MI 48933
333 Albert Avenue, Suite 500, East Lansing, MI 48823
215 S Washington Square, Suite 200, Lansing, MI 48933
201 N. Washington Square, Suite 850, Victor Center, Lansing, MI 48933
4151 Okemos Road, Okemos, MI 48864
2401 East Grand River Avenue, Lansing, MI 48912
124 West Allegan Street, Suite 1000, Lansing, MI 48933
313 South Washington Square, Lansing, MI 48933
7521 Westshire Dr, Ste 100, Lansing, MI 48917
Capitol View, Suite 900, 201 Townsend Street, Lansing, MI 48933
1142 S Washington Ave, Lansing, MI 48910
120 N. Washington Square, Suite 300, Lansing, MI 48933
2400 Lake Lansing Road, Suite E, Lansing, MI 48912
7521 Westshire Drive, Suite 100, Lansing, MI 48917
2379 Woodlake Drive, Okemos, MI 48864
822 Centennial Way, Suite 270, Lansing, MI 48917
101 N Washington Square, Suite 1200, Lansing, MI 48933
2375 Woodlake Drive, Suite 380, Okemos, MI 48864
200 Woodland Pass, PO Box 1296, East Lansing, MI 48826
Dewitt 1031 Exchange Information
Lead Counsel Verified Attorneys in Dewitt
Lead Counsel independently verifies 1031 Exchange attorneys in Dewitt 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 Dewitt?
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