Top Frisco, TX 1031 Exchange Lawyers Near You
1900 N Pearl St, Suite 2200, Dallas, TX 75201
2501 N Harwood St, Suite 1850, Dallas, TX 75201
1201 North Carroll Avenue, Southlake, TX 76092
1910 Pacific Ave, Suite 15650, Dallas, TX 75201
1225 Main Street, Suite 200, Grapevine, TX 76051
3811 Turtle Creek Blvd., Suite 500, Dallas, TX 75219
5949 Sherry Lane, Suite 111, Dallas, TX 75225
1700 Pacific, Suite 4750, Dallas, TX 75201
PO Box 865057, Plano, TX 75086
1501 W Randol Mill Rd, Arlington, TX 76012
2304 Rockhill Rd., Allen, TX 75013
101 E McKinney St, Suite 88, Denton, TX 76202
5950 Berkshire Lane, Suite 200, Dallas, TX 75225
OP Box 601385, Dallas, TX 75360
5587 Davis Blvd, Suite 402, North Richland Hills, TX 76180
4211 Cedar Springs Rd, Suite 300, Dallas, TX 75219
4514 Cole Avenue, Suite 600, Dallas, TX 75205
200 Crescent Court, Suite 300, Dallas, TX 75201
2828 Rough St, Suite 800, Dallas, TX 75201
100 Crescent Court, 7th Floor, Dallas, TX 75201
5728 LBJ Freeway, Suite 150, Dallas, TX 75240
1601 Elm St, Suite 4350, Dallas, TX 75201
1431 E. McKinney St, #130, Denton, TX 76209
3030 Matlock Rd., Suite 201, Arlington, TX 76015
12400 Coit Road, Suite 800, Dallas, TX 75251
Frisco 1031 Exchange Information
Lead Counsel Verified Attorneys in Frisco
Lead Counsel independently verifies 1031 Exchange attorneys in Frisco and checks their standing with Texas bar associations.
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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
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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 Frisco?
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 Texas?
- 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