Top Abington, PA 1031 Exchange Lawyers Near You
1031 Exchange Lawyers | Serving Blue Bell, PA
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2617 Huntingdon Pike, Huntingdon Valley, PA 19006
480 E Swedesford Rd, Ste 100, Wayne, PA 19087
1515 Market Street, Suite 1200, Philadelphia, PA 19102
One South Penn Square, Suite 410, Philadelphia, PA 19107
1650 Market St, Suite 4800, Philadelphia, PA 19103
707 Bethlehem Pike, Montgomeryville, PA 18936
1880 John F Kennedy Blvd, Suite 1740, Philadelphia, PA 19103
131 W State St, Doylestown, PA 18901
1845 Walnut Street, Suite 1500, Philadelphia, PA 19103-4716
1608 Walnut Street #1600, Philadelphia, PA 19103
1050 Street Road, #1028, Southampton, PA 18966
1515 Market Street, Suite 2050, Philadelphia, PA 19102
171 W. Lancaster Avenue, 2nd FL, Paoli, PA 19301
1600 John F Kennedy Blvd, Suite 1050, Philadelphia, PA 19103
8327 Thomson Road, Elkins Park, PA 19027
1650 Market S, Suite 3600, Philadelphia, PA 19103
466 Germantown Pike, Lafayette Hill, PA 19444
3000 Two Logan Square, Eighteenth and Arch Streets, Philadelphia, PA 19103
Newtown Pavilion, 6 Penns Trl., Ste 202, Newtown, PA 18940
2050 E High Street, Pottstown, PA 19464
320 W. Front Street, Media, PA 19063-2632
1515 Market St, Suite 1200, Philadelphia, PA 19102
10 East 6th Avenue, Suite 100, Conshohocken, PA 19428
1223 North Providence Road, Media, PA 19063
1525 Locust Street 14th Floor, Philadelphia, PA 19102
Abington 1031 Exchange Information
Lead Counsel Verified Attorneys in Abington
Lead Counsel independently verifies 1031 Exchange attorneys in Abington and checks their standing with Pennsylvania 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 Abington?
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 Pennsylvania?
- 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