Top Newberg, OR 1031 Exchange Lawyers Near You
1140 SW 11th Avenue, Suite 500, Portland, OR 97205
1640 NW Irving St, Portland, OR 97209
1300 SW 5th Ave, Suite 2050, Portland, OR 97201
555 SE MLK Boulevard, Suite 105, Portland, OR 97214
425 NW 10th Ave, Suite 200, Portland, OR 97209
805 SW Broadway, Suite 2460, Portland, OR 97205
1120 SE Madison Street, Portland, OR 97214
7455 SW Bridgeport Rd., Suite 205, Portland, OR 97224
1000 Southwest Broadway, Suite 2130, Portland, OR 97205
8338 NE Alderwood Rd, Suite 157, Portland, OR 97220
2175 NW Raleigh St, Suite 110, Portland, OR 97210
121 SW Morrison Street, Suite 1850, Portland, OR 97204
11575 SW Pacific Hwy, #250, Portland, OR 97223
6000 Meadows Rd, Suite 500, Lake Oswego, OR 97035
100 SW Main Street, Portland, OR 97204
5 Centerpointe Drive, Suite 400, Lake Oswego, OR 97035
5200 Meadows Rd, Suite 200, Lake Oswego, OR 97035
Three Town Center, 10121 SE Sunnyside Rd, Suite 300, Clackamas, OR 97015
222 SW Columbia Street, Suite 1500, Portland, OR 97201
920 SW Sixth Avenue, Suite 600, Portland, OR 97204
1300 SW 5th Ave, Suite 2000, Portland, OR 97201
1515 SW Fifth Ave, Suite 603, Portland, OR 97201
805 SW Broadway, Suite 2440, Portland, OR 97205
121 SW Morrison Street, 11th Floor, Portland, OR 97204
1120 NW Couch Street, 10th Floor, Portland, OR 97209
Newberg 1031 Exchange Information
Lead Counsel Verified Attorneys in Newberg
Lead Counsel independently verifies 1031 Exchange attorneys in Newberg and checks their standing with Oregon 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 Newberg?
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