Top University Park, TX 1031 Exchange Lawyers Near You
5728 Lyndon B Johnson Fwy, Suite 150, Dallas, TX 75240
2000 McKinney Ave, Suite 2050, Dallas, TX 75201
502 W. Oak St., Suite 200, Denton, TX 76201
2816 Bedford Rd, Bedford, TX 76021-5919
4500 Fuller Dr, Suite 120, Irving, TX 75038
1700 Pacific Ave, Suite 4500, Dallas, TX 75201
1717 Routh Street, Suite 1313, Dallas, TX 75201-2980
1717 Main Street, Suite 2800, Dallas, TX 75201
901 Main St, Suite 5200, Dallas, TX 75202
500 N Akard St, Suite 3700, Dallas, TX 75201
201 Main Street, Suite 2500, Fort Worth, TX 76102
3500 Maple Ave, Suite 800, Dallas, TX 75219
2425 N. Central Expressway, Suite 200, Richardson, TX 75080
6688 N Central Expwy, Suite 850, Dallas, TX 75206
2501 N Harwood St, Suite 1850, Dallas, TX 75201
18383 Preston Road, Suite 110, Dallas, TX 75252
15110 N. Dallas Parkway, Suite 300, Dallas, TX 75248
1400 West Abram Street, Arlington, TX 76013
4055 International Plaza, Suite 650, Fort Worth, TX 76109
2323 Ross Avenue, Suite 600, Dallas, TX 75201
5910 North Central Expressway, Suite 1560, Dallas, TX 75206
2727 North Harwood Street, Dallas, TX 75201-1515
440 N Center St, Arlington, TX 76011
12404 Park Central Dr, Ste. 200-S, Dallas, TX 75251
14901 Quorum Dr, Suite 300, Dallas, TX 75254
University Park 1031 Exchange Information
Lead Counsel Verified Attorneys in University Park
Lead Counsel independently verifies 1031 Exchange attorneys in University Park 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 University Park?
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