Top Galloway, OH 1031 Exchange Lawyers Near You
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2000 Huntington Center, 41 South High Street, Columbus, OH 43215
4449 Easton Way, Suite 200, Columbus, OH 43219
180 E Broad St, Suite 3400, Columbus, OH 43215
65 E State St, Suite 2550, Columbus, OH 43215
41 South High Street, Suite 3250, Columbus, OH 43215
One Columbus, Suite 2300, 10 West Broad Street, Columbus, OH 43215-3467
100 South Third Street, Columbus, OH 43215
200 Civic Center Drive, Suite 1200, Columbus, OH 43215-4260
41 S High St, Suite 1800, Columbus, OH 43215
7259 Sawmill Road, Suite 100, Dublin, OH 43016
41 South High St., Suite 2200, Columbus, OH 43215
560 East Town Street, Columbus, OH 43215
3783 Broadway, Grove City, OH 43123
41 S High St, Suite 3750, Columbus, OH 43215
5013 Pine Creek Drive, Westerville, OH 43081
309 South Fourth Street, Suite 200, Columbus, OH 43215
620 E Broad St, Suite 200, Columbus, OH 43215
615 Copeland Mill Rd, Suite 1F, Westerville, OH 43081
PO Box 2190, Westerville, OH 43086
20 South Third Street, Suite 210, Columbus, OH 43215
155 West Main Street, Suite 200, Columbus, OH 43215
56 Dorchester Square North, Suite 101, Westerville, OH 43081
500 South Front Street, Suite 1200, Columbus, OH 43215
123 South Broad St, Suite 305, Lancaster, OH 43130
17 S High St, Suite 700, Columbus, OH 43215
Galloway 1031 Exchange Information
Lead Counsel Verified Attorneys in Galloway
Lead Counsel independently verifies 1031 Exchange attorneys in Galloway and checks their standing with Ohio 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 Galloway?
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 Ohio?
- 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