Top Murphy, TX 1031 Exchange Lawyers Near You
3108 W 6th St, Suite 202, Fort Worth, TX 76107
Choose MAG Law, PLLC for qualified 1031 Exchange representation in the Murphy, Texas area.
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2001 Ross Avenue, Suite 3600, Dallas, TX 75201
556 Silicon Drive, Suite 101, Southlake, TX 76092
2501 N Harwood St, Suite 1800, Dallas, TX 75201
2911 Turtle Creek Blvd, Suite 1400, Dallas, TX 75219
5001 Lyndon B Johnson Fwy, Suite 830, Farmers Branch, TX 75244
2000 McKinney Avenue, Suite 1700, Dallas, TX 75201
3232 McKinney Ave, Suite 500, Dallas, TX 75204
12700 Hillcrest Rd, Suite 125, Dallas, TX 75230
2850 N Harwood St, Suite 1100, Dallas, TX 75201
7160 Dallas Pkwy, Suite 625, Plano, TX 75024
2001 Ross Avenue, Suite 1500, Dallas, TX 75201
5700 Tennyson Pkwy, Suite 371A, Plano, TX 75024
2323 Ross Ave, Suite 1700, Dallas, TX 75201
100 Main Street, Fort Worth, TX 76102
1341 W Mockingbird Lane, Suite 600W, Dallas, TX 75247
4760 Preston Road, No. 244-357, Frisco, TX 75034
4615 Bryce Ave, Fort Worth, TX 76107
1504 East McKinney, Suite 500, Denton, TX 76209
2500 Dallas Pkwy, Suite 600, Plano, TX 75093
100 Throckmorton Street, Suite 500, Fort Worth, TX 76102
901 Main Street, Suite 4800, Dallas, TX 75202-3758
200 Crescent Ct, Suite 1000, Dallas, TX 75201
2001 Ross Ave, Suite 2700, Dallas, TX 75201
5956 Sherry Lane, 20th Floor, Dallas, TX 75225
Murphy 1031 Exchange Information
Lead Counsel Verified Attorneys in Murphy
Lead Counsel independently verifies 1031 Exchange attorneys in Murphy and checks their standing with Texas 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 Murphy?
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