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100 Park Avenue, Suite 2000, New York, NY 10017
666 Old Country Road, Suite 305, Garden City, NY 11530
One Liberty Plaza, 35th Floor, New York, NY 10006-1404
321 Broadway, 4th Floor, New York, NY 10007
16 Court St Ste 3301, Brooklyn, NY 11241
585 Stewart Ave, Suite 440, Garden City, NY 11530
165 Broadway, 23rd Floor, New York, NY 10006
399 Knollwood Road, Suite 318, White Plains, NY 10603
885 3rd Ave, 17th Floor, New York, NY 10022
580 White Plains Road, Suite 620, Tarrytown, NY 10591
623 North Railroad Avenue, Staten Island, NY 10304
640 Fifth Avenue, 9th Floor, New York, NY 10019
80 Pine Street, 33rd Floor, New York, NY 10005
120 Broadway, 32nd Floor, New York, NY 10271-3299
805 Third Avenue, 10th Floor, New York, NY 10022
233 Broadway, Suite 2220, Woolworth Building, New York, NY 10279
605 Third Avenue, New York, NY 10158
1177 Avenue of the Americas, 5th Floor, New York, NY 10036
445 Hamilton Ave, Suite 1102, White Plains, NY 10601
30 Rockefeller Plaza, 22nd Floor, New York, NY 10112
212 Station Plz N, Mineola, NY 11501
622 Third Avenue, Suite 37200, New York, NY 10017
30 Wall Street, 8th Floor, New York, NY 10005
211 Madison Ave, Suite 24B, New York, NY 10016
156 W 56th St, New York, NY 10019-2701
Purchase 1031 Exchange Information
Lead Counsel Verified Attorneys in Purchase
Lead Counsel independently verifies 1031 Exchange attorneys in Purchase and checks their standing with New York 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 Purchase?
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