Top Lawrence, NY 1031 Exchange Lawyers Near You
295 Madison Ave, 11th Floor, New York, NY 10017
401 Greenwich Street, 4th Floor, New York, NY 10013
488 Madison Avenue, Suite 1120, New York, NY 10022
1325 Avenue of the Americas, 10th Floor, New York, NY 10019
52 Duane Street, 7th Floor, New York, NY 10007
120 Bloomingdale Road, Suite 100, White Plains, NY 10605
11 Times Square, 34th Floor, New York, NY 10036
1461 Franklin Ave, Garden City, NY 11530
112 W 34th St, New York, NY 10120
6423 Montgomery St, PO Box 151, Rhinebeck, NY 12572
222 Old County Rd, Mineola, NY 11501
377 Pearsall Ave, Suite C, Cedarhurst, NY 11516
114 Old Country Road, Suite 680, Mineola, NY 11501-4414
333 Westchester Avenue, Ste S2205, White Plains, NY 10604
375 9th Ave, Two Manhattan West, New York, NY 10001
1500 Broadway, Suite 2003, New York, NY 10016
133 W 72nd St, Suite 201, New York, NY 10023
420 Lexington Aevnue, Suite 830, New York, NY 10170-0002
928 Broadway, Suite 1000 10th Floor, New York, NY 10010
166 Mercer Street, Suite 3A, New York, NY 10012
2020 McDonald Ave, Floor 2, Brooklyn, NY 11223
111 Broadway, Suite 1305, New York, NY 10006
1301 6th Ave, New York, NY 10019
115-06 Myrtle Ave, Richmond Hill, NY 11418
30 Wall Street 8th Floor, New York, NY 10005
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
Be in good standing with their bar associations and maintain a clean disciplinary record.
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Submit to an annual review to retain their Lead Counsel Verified status.
Client Commitment
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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