Commercial Properties
In the United States, most real estate transactions are accomplished with the help of an agent. However, many individuals interested in 1031 exchanges may not be fully aware of the role of agents in successful exchanges. The fact is that agents can be as instrumental in exchanging properties as they often are in traditional purchases of commercial real estate. First and foremost, the agent plays an important role as an assistant to the exchanger. He or she can help to facilitate the transaction, ensuring that necessary sale and purchase contracts are signed. The agent's role also includes learning the goals of the exchanger and providing guidance for accomplishing those goals. A good agent should not give advice concerning legal or tax matters. Instead, the agent may choose to make the exchanger aware of possible situations that may arise or unexplored options to consider. For legal or tax advice, the exchanger should consult qualified professionals. Exchanges are extremely time sensitive. Not surprisingly, agents can also play important parts in helping their clients find suitable properties within the very specific time constraints set forth in the Section 1031 tax code. This is where we at TM 1031 Exchange seek to help. We work with investors and their agents, providing them with an efficient way to find attractive replacement property without delay. Call us and ask about our extensive property database and our independent National Referral Network. We can be reached by phone toll-free at 877-4TM-1031. You may also contact us by e-mail at team@tm1031exchange.com.
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