Top Folsom, PA 1031 Exchange Lawyers Near You
1031 Exchange Lawyers | Serving Blue Bell, PA
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1581 Main Street, Suite 200, Warrington, PA 18976
450 North Narberth Avenue, Suite 200, Narberth, PA 19072
42 S. 15th Street, Suite 500, Philadelphia, PA 19102
2005 S. Easton Road, Suite 100, Doylestown, PA 18901
1608 Walnut Street #1600, Philadelphia, PA 19103
1515 Market St, Suite 1800, Philadelphia, PA 19102
Three Logan Square, 1717 Arch Street, Suite 4700, Philadelphia, PA 19103
104 South 6th Street, Perkasie, PA 18944
1031 Exchange Lawyers | Serving Folsom, PA
2444 Huntingdon Pike, Huntingdon Valley, PA 19006
One South Penn Square, Suite 410, Philadelphia, PA 19107
1880 John F. Kennedy Boulevard, Suite 401, Philadelphia, PA 19103
Washington West Bldg., 235 South 8th Street, Philadelphia, PA 19106
480 E Swedesford Rd, Ste 100, Wayne, PA 19087
2617 Huntingdon Pike, Huntingdon Valley, PA 19006
250 W. Lancaster Ave., Suite 235, Paoli, PA 19301
1880 John F Kennedy Blvd, Suite 1740, Philadelphia, PA 19103
123 S. Broad Street, Suite 1950, Philadelphia, PA 19109
131 W State St, Doylestown, PA 18901
1515 Market St, Suite 1650, Philadelphia, PA 19102
Spring Mill Corporate Center, 1100 E. Hector Street, Suite 425, Conshohocken, PA 19428
36 E 2nd Street, Media, PA 19063
809 Easton Road, PO Box M, Willow Grove, PA 19090
356 Evergreen Rd, Jenkintown, PA 19046
2201 Renaissance Blvd, Third Floor, King of Prussia, PA 19406
801 Old York Road, Suite 313, Jenkintown, PA 19046
Folsom 1031 Exchange Information
Lead Counsel Verified Attorneys in Folsom
Lead Counsel independently verifies 1031 Exchange attorneys in Folsom 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 Folsom?
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