Top Draper, UT 1031 Exchange Lawyers Near You
222 S. Main Street, Suite 2200, Salt Lake City, UT 84101
222 Main Street, 5th Floor, Salt Lake City, UT 84101
299 South Main, Suite 1300, Salt Lake City, UT 84111
2455 East Parleys Way, Suite 320, Salt Lake City, UT 84109
170 South Main Street, Suite 950, Salt Lake City, UT 84101
8789 Highland Dr, Suite 200, Sandy, UT 84093
1802 S Jordan Pkwy W, Suite 130, South Jordan, UT 84095
15 West South Temple, Suite 1200, Salt Lake City, UT 84101
65 Wadsworth Park Dr, Suite 110, Draper, UT 84020
2750 E. Cottonwood Parkway, Suite 560, Cottonwood Heights, UT 84121
175 S Main St, Suite 500, Salt Lake City, UT 84111
75 W Towne Ridge Pkwy, Suite 125, Sandy, UT 84070
2825 E. Cottonwood Pkwy., Suite 500, Salt Lake City, UT 84121
9350 South 150 East, Suite 820, Sandy, UT 84070
257 East 200 South, Suite 500, Salt Lake City, UT 84111
1309 W South Jordan Pkwy, Suite 200, South Jordan, UT 84095
2225 Washington Blvd, Suite 200, Ogden, UT 84401
350 S 200 E, Suite 614, Salt Lake City, UT 84111
8851 Sandy Pkwy, Suite 200, Sandy, UT 84070
5200 South Highland Dr, Suite 303, Salt Lake City, UT 84117
68 S Main St, Suite 600, Salt Lake City, UT 84101
8851 Sandy Pkwy, Suite 200, Sandy, UT 84070
11576 S State St, Suite 204, Draper, UT 84020
999 East Murray Holladay Rd., Suite 200, Salt Lake City, UT 84117
36 South State Street, Suite 1900, Salt Lake City, UT 84111
Draper 1031 Exchange Information
Lead Counsel Verified Attorneys in Draper
Lead Counsel independently verifies 1031 Exchange attorneys in Draper and checks their standing with Utah 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 Draper?
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 Utah?
- 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