Top Broomall, PA 1031 Exchange Lawyers Near You
1031 Exchange Lawyers | Serving Blue Bell, PA
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Woodlands Center, Suite 300, 900 East Eighth Avenue, King of Prussia, PA 19406
131 W State St, Doylestown, PA 18901
1608 Walnut Street #1600, Philadelphia, PA 19103
1240 W. Chester Pk, Suite 210, West Chester, PA 19382
1515 Market St, Suite 1800, Philadelphia, PA 19102
850 Cassett Rd, Suite 110, Berwyn, PA 19312
1031 Exchange Lawyers | Serving Broomall, PA
2444 Huntingdon Pike, Huntingdon Valley, PA 19006
104 South 6th Street, Perkasie, PA 18944
1900 Spruce Street, Philadelphia, PA 19103
1010 N. Hancock Street, Philadelphia, PA 19123
36 E 2nd Street, Media, PA 19063
1515 Market St, Suite 1200, Philadelphia, PA 19102
1717 Arch St, Suite 610, Philadelphia, PA 19103
211 N. Walnut St, 1st Floor, West Chester, PA 19380
755 North Monroe Street, Media, PA 19063
100 South Juniper, 3rd FL, Philadelphia, PA 19107
840 1st Ave, Suite 400, King of Prussia, PA 19406
1650 Market St, Suite 3600, Philadelphia, PA 19103
One Neshaminy Interplex, Suite 206, Trevose, PA 19053
899 Cassatt Road, Berwyn, PA 19312
1628 John F Kennedy Blvd, Suite 2200, Philadelphia, PA 19103
1760 Bristol Road, PO Box 160, Warrington, PA 18976
630 Freedom Business Center Drive, 3rd Floor, King of Prussia, PA 19406
123 S Broad Street Suite 2080, Philadelphia, PA 19109
117 Forrest Ave. Suite 210, PO Box 505, Narberth, PA 19072
Broomall 1031 Exchange Information
Lead Counsel Verified Attorneys in Broomall
Lead Counsel independently verifies 1031 Exchange attorneys in Broomall 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 Broomall?
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