Top Parma, OH 1031 Exchange Lawyers Near You
3201 Enterprise Parkwy, Suite 190, Beachwood, OH 44122
1468 West 9th Street, Suite 100, Cleveland, OH 44101
23611 Chagrin Blvd, Suite 207, Beachwood, OH 44122
6105 Parkland Blvd, Suite 230, Cleveland, OH 44124
1000 Key Tower, 127 Public Square, Cleveland, OH 44114
3333 Richmond Road, Suite 370, Beachwood, OH 44122
127 Public Square, Suite 3510, Cleveland, OH 44114
26600 Detroit Rd, Suite 300, Westlake, OH 44145
1375 E. Ninth Street, Suite 900, Cleveland, OH 44114
50 Public Square, Suite 2900, Cleveland, OH 44113
1100 Superior Ave, Suite 1600, Cleveland, OH 44114
127 Public Square, Suite 2000, Cleveland, OH 44114
200 Public Square, Suite 3500, Cleveland, OH 44114
127 Public Square, Suite 1600, Cleveland, OH 44114
6000 Lombardo Ctr, Suite 120, Cleveland, OH 44131
55 Public Square, Suite 2100, Cleveland, OH 44113
1100 Superior Avenue E., 19th Floor, Cleveland, OH 44114
600 Superior Avenue, East, Fifth Third Center, Suite 1701, Cleveland, OH 44114
6370 Som Center Rd, Ste 108, Solon, OH 44139
Suite 530, 1111 Superior Avenue, Cleveland, OH 44114
600 Superior Ave. East, Fifth Third Building, Suite 1300, Cleveland, OH 44114
7535 Mayfield Rd, Chesterland, OH 44026
30195 Chagrin Boulevard, Suite 300, Pepper Pike, OH 44124
737 Bolivar Road, Suite 270, Cleveland, OH 44115
4700 Rockside Road, Suite 603, Independence, OH 44131
Parma 1031 Exchange Information
Lead Counsel Verified Attorneys in Parma
Lead Counsel independently verifies 1031 Exchange attorneys in Parma 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 Parma?
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