Top Bernalillo, NM 1031 Exchange Lawyers Near You
6301 Indian School Rd NE, Suite 350, Albuquerque, NM 87110-8170
500 Marquette Avenue NW, Suite 630, Albuquerque, NM 87102
6300 Riverside Plaza Lane NW, Suite 100, Albuquerque, NM 87120
320 Osuna Rd NE, Unit G4 Box 15, Albuquerque, NM 87107
201 Third NW, Suite 1180, Albuquerque, NM 87102
2730 San Pedro Dr NE, Suite D, Albuquerque, NM 87110
4801 Lang NE, Suite 110, Albuquerque, NM 87109
4101 Indian School Rd NE, Suite 301N, Albuquerque, NM 87110
2001 Mountain Road, N.W., Albuquerque, NM 87104
6100 Uptown Blvd NE, Suite 620, Albuquerque, NM 87110
8500 Menaul Blvd NE, Suite A-335, Albuquerque, NM 87112
6300 Riverside Plaza Ln NW, Suite 100, Albuquerque, NM 87120
100 Sun Ave. N.E., Suite 650, Albuquerque, NM 87109
500 Marquette Avenue NW, Suite 1200, Albuquerque, NM 87102
5100 Juan Tabo NE, Suite 100, Albuquerque, NM 87111
4830 Juan Tabo Blvd NE, Suite F, Albuquerque, NM 87111
6100 Uptown Blvd NE, Suite 400, Albuquerque, NM 87110
1304 Central Ave. SW, PO Box 1031, Albuquerque, NM 87103
4163 Montgomery Blvd NE, PO Box 30428, Albuquerque, NM 87190
1201 Lomas Blvd. NW, Suite C, Albuquerque, NM 87102
1803 Rio Grande Blvd NW, PO Box 1308, Albuquerque, NM 87103
6000 Uptown Blvd NE, Suite 400, Albuquerque, NM 87110
Bernalillo 1031 Exchange Information
Lead Counsel Verified Attorneys in Bernalillo
Lead Counsel independently verifies 1031 Exchange attorneys in Bernalillo and checks their standing with New Mexico 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 Bernalillo?
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 New Mexico?
- 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