1031 Exchange Process

We do not act as the accommodator  Team Aguilar is here to help you buy or sell real estate and will help you with the process of making sure we meet all requirements to insure the 1031 exchange process goes as smoothly as possible.

Before the prospective exchanger's initiate the Exchange Process, it is strongly suggested that they contact their legal, tax and/or financial advisors to decide whether exchanging will be compatible with their investment plans.

Step 1 - Plan for the Exchange

Contact Team Aguilar for an Exchange consultation before executing any contracts for the listing and / or sale of a property. Place the relinquished property on the market, also include and exchange verbiage that is given to you. After, begin the search for a suitable replacement property. Keep in mind that the exchange timeline clock will not start until ownership is actually transferred to the new owner of the relinquished property.

Step 2 - Sell the relinquished property

Contact Team Aguilar to open an exchange order after you are in the process of selling your property and before the settlement/closing has occurred. Team Aguilar will then prepare the exchange paperwork and send it to your closing agent for you to sign in conjunction with your other closing documents.

Step 3 - Buy a replacement property

Find a replacement property within 45 days, unless you purchase a property before the 45th day. You will be provided with the proper forms and the identification methods will be reviewed with you. Contact Team Aguilar upon acceptance of you purchase contract(s) for the replacement property/properties. After contacting us help you coordinate all the final details to your exchange.

Have a question? Comment?