Top Hillsboro, OR 1031 Exchange Lawyers Near You
5289 NE Elam Young Parkway, Suite 110, Hillsboro, OR 97124
1709 NE 27th St, Suite F, McMinnville, OR 97128
851 SW 6th Avenue, Suite 1500, Portland, OR 97204
205 SE Spokane St, Suite 300, Portland, OR 97202
12755 SW 69th Avenue, Suite 100, Portland, OR 97223
805 Southwest Broadway, Suite 2600, Portland, OR 97205
4949 SW Meadows Rd #260, Lake Oswego, OR 97035
1000 SW Broadway, Suite 1910, Portland, OR 97205
1455 SW Broadway, Suite 1500, Portland, OR 97201
1 SW Columbia St, Suite 900, Portland, OR 97204
515 E 1st St, Newberg, OR 97132
4035 Douglas Wy, Suite 200, Lake Oswego, OR 97035
1300 SW 5th Ave, Suite 2400, Portland, OR 97201
1501 S. W. Taylor Street, Portland, OR 97205
9600 NE Cascades Pkwy, Suite 300, Portland, OR 97220
1500 NE Irving, Suite 370, Portland, OR 97232
6000 Meadows Rd, Suite 500, Lake Oswego, OR 97035
1300 SW 5th Ave Ste 2750, Portland, OR 97201
330 NE Lincoln Street, Suite 100, Hillsboro, OR 97124
1030 Southwest Morrison Street, Portland, OR 97205
510 SW 5th Avenue, Fourth Floor, Portland, OR 97204
111 SW 5th Avenue, Suite 3800, Portland, OR 97204
4035 SE 52nd Ave, PO Box 86100, Portland, OR 97286
5 Centerpointe Drive, Suite 240, Lake Oswego, OR 97035
1211 SW 5th Avenue, Pacwest Center, Suite 1800, Portland, OR 97204
Hillsboro 1031 Exchange Information
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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 Hillsboro?
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 Oregon?
- 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