Top Mc Lean, VA 1031 Exchange Lawyers Near You
1364 Beverly Road, Suite 101, McLean, VA 22101
Clients needing legal solutions for 1031 Exchange can connect with Friedlander & Friedlander P.C., a local Virginia practice.
8100 Boone Boulevard, Suite 630, Vienna, VA 22182
1483 Chain Bridge Road, Suite 103, McLean, VA 22101
8000 Towers Crescent Drive, 14th Floor, Tysons Corner, VA 22182
8444 Westpark Drive, Suite 510, McLean, VA 22102
1405 S Fern St, Box No. 718, Arlington, VA 22202
8200 Greensboro Drive, Suite 701, McLean, VA 22102
4000 Legato Road, Suite 1100, Fairfax, VA 22033
9990 Fairfax Blvd, Suite 340, Fairfax, VA 22030
1650 Tysons Blvd, Suite 400, McLean, VA 22102
7330 Heritage Village Plaza, Suite 201, Gainesville, VA 20155
8133 Leesburg Pike, Suite 900, Vienna, VA 22182
1800 Tysons Blvd., Suite 500, McLean, VA 22102
1320 Central Park Blvd, Suite 200, Fredericksburg, VA 22401
1101 Wilson Blvd, 6th Floor, Arlington, VA 22209
8521 Leesburg Pike, Suite 740, Vienna, VA 22182
22375 Broderick Drive, Suite 235, Dulles, VA 20166
3811 N. Fairfax Drive, Suite 925, Arlington, VA 22203
12934 Harbor Drive, Suite 107, Woodbridge, VA 22192
908 King St, Suite 330, Alexandria, VA 22314
211 N Union St, Suite 100, Alexandria, VA 22314
7010 Little River Turnpike, Suite 450, Annandale, VA 22003
600 Cameron Street, Alexandria, VA 22314
333 North Fairfax Street, Suite 302, Alexandria, VA 22314
6144 Tompkins Drive, McLean, VA 22101
Mc Lean 1031 Exchange Information
Lead Counsel Verified Attorneys in Mc Lean
Lead Counsel independently verifies 1031 Exchange attorneys in Mc Lean and checks their standing with Virginia 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 Mc Lean?
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 Virginia?
- 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