Top Rootstown, OH 1031 Exchange Lawyers Near You
6370 Mt Pleasant Street NW, North Canton, OH 44720
4505 Stephen Circle NW, Suite 200, Canton, OH 44718
400 Courtyard Square, 80 South Summit Street, Akron, OH 44308
3800 Embassy Parkway, Suite 300, Akron, OH 44333
One Cascade Plaza, Suite 1510, Akron, OH 44308
106 South Main Street, Suite 1100, Akron, OH 44308
1200 E Market St, Suite 530, Akron, OH 44305
1653 Merriman Road, #203, Akron, OH 44313-5287
250 S. Water St., P.O. Box 762, Kent, OH 44240
19 North High Street, Akron, OH 44308
470 Portage Lakes Drive, Suite 102, Akron, OH 44319
121 S Main St, Suite 575, Akron, OH 44308
3475 Ridgewood Road, Akron, OH 44333
5 E Main St, Hudson, OH 44236
222 South Main Street, Suite 400, Akron, OH 44308
156 N. Main St., Suite 4, Hudson, OH 44236
75 E Market St, Akron, OH 44308
6545 Market Avenue N, North Canton, OH 44721
1559 Corporate Woods Parkway, Suite 250, Uniontown, OH 44685
2040 South Union Avenue, Alliance, OH 44601
PO Box 35426, 4200 Munson Street NW, Canton, OH 44735
Akron Center Plaza, Suite 800, 50 South Main Street, Akron, OH 44308
825 S Main St, North Canton, OH 44720
4708 Douglas Circle NW, Canton, OH 44718
655 W Market St, The Andrew House, Akron, OH 44303
Rootstown 1031 Exchange Information
Lead Counsel Verified Attorneys in Rootstown
Lead Counsel independently verifies 1031 Exchange attorneys in Rootstown 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 Rootstown?
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