Top Lawrence, NY 1031 Exchange Lawyers Near You
120 W 45th St, New York, NY 10036
55 Broadway, Bond Collective, 3rd FL, Suite 412, New York, NY 10006
75 Broad Street, Suite 2120, New York, NY 10004
1795 Coney Island Ave, Brooklyn, NY 11230-6557
40 Wall St, 45th Floor, New York, NY 10005
28 Liberty St, 39th Floor, New York, NY 10005
1136 Route 9, Suite 2, Wappingers Falls, NY 12590
374 Greenbush Rd, Blauvelt, NY 10913
6 East 45th Street, 7th Floor, New York, NY 10017
601 Lexington Avenue, New York, NY 10022
730 3rd Ave, 19th Floor, New York, NY 10017
100 Old Country Rd, Suite 103, Mineola, NY 11501
200 Liberty Street, 27th Floor, New York, NY 10281
1290 Avenue of the Americas, New York, NY 10104-3300
490 Wheeler Road, Suite 150, Hauppauge, NY 11788
1600 Sheepshead Bay Road, Suite 201, Brooklyn, NY 11235
35 East Grassy Sprain Road, Webster Bank Building, Suite 400, Yonkers, NY 10710-4618
7 Times Square, Suite 2506, New York, NY 10036
The Woolworth Building, 233 Broadway, Suite 2020, New York, NY 10279-0001
440 89th St, Suite 3A, Brooklyn, NY 11209
136-30 38th Ave, Suite 3D, Flushing, NY 11354
2 Bank Street, Warwick, NY 10990
100 Jericho Quadrangle, Suite 231, Jericho, NY 11753
30 Rockefeller Plaza, New York, NY 10112
PO Box 447, Locust Valley, NY 11560
Lawrence 1031 Exchange Information
Lead Counsel Verified Attorneys in Lawrence
Lead Counsel independently verifies 1031 Exchange attorneys in Lawrence and checks their standing with New York bar associations.
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Ample Experience
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Good Standing
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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 Lawrence?
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 York?
- 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