Top Folsom, PA 1031 Exchange Lawyers Near You
1031 Exchange Lawyers | Serving Blue Bell, PA
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999 West Chester Pike, Suite 201, West Chester, PA 19382
53 S. Main Street, Yardley, PA 19067
230 North Monroe Street, 2nd Floor, Media, PA 19063
65 W Street Road, Suite A-207, Warminster, PA 18974
250 W. Lancaster Ave., Suite 235, Paoli, PA 19301
320 W. Front Street, Media, PA 19063-2632
3038 Church Rd, Lafayette Hill, PA 19444
1420 Walnut Street, Suite 1216, Philadelphia, PA 19102
7 E. Lancaster Avenue, Suite 210, Ardmore, PA 19003
1500 JFK Blvd, Two Penn Center, Suite 900, Philadelphia, PA 19103
1500 John F. Kennedy Blvd, Suite 400, Philadelphia, PA 19102
333 East City Ave--Two Bala Plaza, Suite PL-14, Bala Cynwyd, PA 19004
101 Lindenwood Dr, Suite 225, Malvern, PA 19355
49 St Georges Rd, Ardmore, PA 19003
One Commerce Square, 2005 Market Street, Suite 840, Philadelphia, PA 19103
1500 Walnut St, Suite 900, Philadelphia, PA 19102
3 Village Rd, Suite 102, Horsham, PA 19044
600 W Germantown Pk, Suite 400, Plymouth Meeting, PA 19462
1628 JFK Blvd., Suite 2120, Philadelphia, PA 19103
855 Hillsdale Road, West Chester, PA 19382
123 South Broad Street, 28th Floor, Philadelphia, PA 19109
Three Logan Square, 1717 Arch Street, Suite 4700, Philadelphia, PA 19103
2011 Renaissance Boulevard, Suite 100, King of Prussia, PA 19406
One Liberty Place, 1650 Market Street, Suite 3600, Philadelphia, PA 19103
1650 Market St, Suite 5000, Philadelphia, PA 19103
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