Top Folsom, PA 1031 Exchange Lawyers Near You
1031 Exchange Lawyers | Serving Blue Bell, PA
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1717 Arch St, 33rd Floor, Philadelphia, PA 19103
123 South Broad Street, Suite 2100, Philadelphia, PA 19109
1717 Arch St, Suite 3910, Philadelphia, PA 19103
307 Lakeside Dr, Southampton, PA 18966
460 Norristown Road, Suite 110, Blue Bell, PA 19422
1617 JFK Blvd, Suite 350, Philadelphia, PA 19103
The William Penn Building, 109 Chesley Drive, Media, PA 19063
17 East Front Street, Media, PA 19063
2011 Renaissance Boulevard, Suite 100, King of Prussia, PA 19406
123 S Broad St, Suite 2102, Philadelphia, PA 19109
1717 Arch Street, 5th Floor, Philadelphia, PA 19103
680 Middletown Boulevard, Langhorne, PA 19047
1617 JFK Boulevard, Suite 1010, Philadelphia, PA 19103
400 Maryland Drive, Fort Washington, PA 19034
925 Harvest Drive, Suite 300, Blue Bell, PA 19422
2401 Pennsylvania Avenue, Suite 1C-47, Philadelphia, PA 19130
1101 Market Street, Aramark Tower, Suite 2820, PHiladelphia, PA 19107
1424 Chestnut Street 5th Floor, Philadelphia, PA 19102
1835 Market St, Suite 2700, Philadelphia, PA 19103
166 E Levering Mill Rd, Bala Cynwyd, PA 19004
2005 Market St, 16th Floor, Philadelphia, PA 19103
115 North Jackson Street, Media, PA 19063
600 W Germantown Pike, Suite 400, Plymouth Meeting, PA 19462
116 W Baltimore Ave, Media, PA 19063
919 Conestoga Rd, Building 3, Suite 211, Bryn Mawr, PA 19010
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