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Why Trust Diamond Certified Exchange and Reverse Exchange Real Estate Services Rated Highest in Quality?

Photo: Diamond Certified (2011)

You are the customer. If your goal is to choose a real estate exchange and reverse exchanges company that will deliver high customer satisfaction and quality, you’ll feel confident in choosing a Diamond Certified exchange and reverse exchange real estate company. Each has been rated Highest in Quality in the most accurate ratings process anywhere. And you’re always backed by the Diamond Certified Performance Guarantee. Here’s why the Diamond Certified ratings and certification process will help you find a top-rated real estate exchange and reverse exchange company and is unparalleled in its accuracy, rigor and usefulness:

1) Accuracy: All research is performed by live telephone interviews that verify only real customers are surveyed, so you’ll never be fooled by fake reviews.

2) Statistical Reliability: A large random sample of past customers is surveyed on an ongoing basis so the research results you see truly reflect a Diamond Certified company’s top-rated status.

3) Full Disclosure: By clicking the name of a company above you’ll see the exact rating results in charts and read verbatim survey responses as well as researched articles on each qualified company.

4) Guaranteed: Your purchase is backed up with mediation and the Diamond Certified Performance Guarantee, so you can choose with confidence.

Click on the name of a Diamond Certified company above to read ratings results, researched articles and verbatim customer survey responses to help you make an informed decision.

More than 200,000 customers of local companies have been interviewed in live telephone calls, and only companies that score Highest in Quality in customer satisfaction–a 90+ on a 100 scale–as well as pass all of the credential-based ratings earn Diamond Certified. By requiring such a high score to qualify, the Diamond Certified program eliminates mediocre and poorly performing companies. Read detailed information about the ratings and certification process.

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DIAMOND CERTIFIED EXPERT CONTRIBUTORS IN THE Santa Clara County – Real Estate – Exchange & Reverse Exchange Services CATEGORY

Ralph Bunje Jr. is a veteran of the financial industry and chairman of Independent Exchange Services, Inc., a Diamond Certified company since 2004. He can be reached at (877) 312-1320 or by email.

Ralph Bunje Jr.

diamond certified contributor profile and expert article

Ralph Bunje Jr.: A Successful Exchange

By James Florence, Diamond Certified Resource Reporter

SAN FRANCISCO — Over the course of several decades working in the financial sector, Ralph Bunje Jr.’s professional emphasis gradually became more and more specialized. “After I got out of the Navy, I became a stockbroker,” he recounts. “About six years later, I became a CPA for a San Francisco firm, and after that I formed a financial consulting practice that handled a variety of needs. Today, we primarily handle 1031 exchanges, which is a process for deferring taxes on capital gains from the sale of investment properties.”

Today, as owner of Independent Exchange Services, Inc., Ralph says his favorite part of his job is helping his clients. “The current state of the economy has made things tough for many people, so when I meet with clients, my foremost concern is putting together something that will work for them in the long term. It’s not just about doing clerical work for them—it’s about making a difference in their lives.”

A resident of Foster City, Ralph spends most of his time outside of work pursuing a variety of pastimes, typically in the company of his wife, Sarah. “I’ve been married for 47 years and I wouldn’t trade it for anything,” he says. “We do a lot of things together, including traveling, playing golf and attending local theater productions.” Ralph also enjoys spending time with his and Sarah’s children and grandchildren, although some traveling is usually involved. “Our son, Ian, and his family live locally, while our daughter, Katie, and her family live in Australia. We try to get over there once a year to see them, but we’ve also found that Hawaii is a good halfway point for all the families to come together.”

In regard to his life and career, Ralph espouses the importance of doing what you love. “In many respects, I haven’t had a job for 40 years—I’ve simply been pursuing an avocational interest that happens to produce an income. I think if you do what you enjoy for work, you’ll always do your best. And if you’re doing your best, people will want what you have to offer, which will translate to revenue. So, my advice is this: Don’t chase the money…chase what you love to do.”

Ask Me Anything!

Q: What are your favorite sports teams?
A: The San Francisco Giants and the San Francisco 49ers. I also enjoy going to Stanford University football games.

Q: What’s your favorite thing to eat for dessert?
A: I don’t eat much dessert, but I do enjoy the occasional apple pie à la mode.

Q: If you could talk to anyone living or dead, who would it be?
A: Ronald Reagan. I actually worked for and traveled with him back when he was running for governor of California. He was a sound, solid individual, and working with him was an amazing experience.

Q: How do you like your eggs?
A: I like them both scrambled and fried.

Q: What’s the best gift you’ve ever received?
A: The love of my wife.

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The Benefits of a Reverse 1031 Exchange

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SAN FRANCISCO — IRC Section 1031 exchanges have been around since 1921, but up until 1980, you basically had to buy and sell on the same day, which made it a difficult feat to pull off. After 1984, the rules… Read more

Expert Video Tip

Video: Understanding 1031 Reverse Exchanges

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Complete Video Transcription:

SAN FRANCISCO — Host, Sarah Rutan: A 1031 exchange can be a beneficial financial tool, but the limited time constraints can make it a difficult feat to… Read more

INDUSTRY INFORMATION AND RESEARCHED ARTICLES BY THE DIAMOND CERTIFIED RESOURCE

INDUSTRY INFORMATION - Santa Clara County – Real Estate – Exchange & Reverse Exchange Services
Know What You Want
Research What You Want Before You Hire a Santa Clara County Exchange & Reverse Exchange Real Estate Brokers

You should consider several different factors before choosing an exchange & reverse exchange real estate service company in Santa Clara County. You want to find a exchange & reverse exchange real estate service company that will best meet your needs. For this reason, you should write down everything that you’re looking for before you begin your research. Consider the following questions before making a final choice regarding a exchange & reverse exchange real estate service company.

  • Do I want a Diamond Certified company that is rated best in quality and backed by the Diamond Certified Performance Guarantee?
  • What professional and personal characteristics would I like my Santa Clara County exchange & reverse exchange real estate service company to have? (These may include good communication skills, honesty, reliability, etc.)
  • When is the best time for me to proceed with the reverse exchange?
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What To Ask In Person
Ask These Questions When Speaking in Person with a Santa Clara County Exchange & Reverse Exchange Real Estate Service Company

The next step in the process of hiring an exchange & reverse exchange real estate service company in Santa Clara County is to interview your first few choices so that you can narrow your options down to the best exchange & reverse exchange real estate service company for you. Consider asking these questions.

  • What if I am unhappy with your service? Do you offer a guarantee?
  • Can I get references from you last five deals?
  • Are there any additional costs to have my property transferred during a reverse exchange?
  • What time limits need to be followed in order to successfully accomplish a reverse exchange?
  • What sets you apart from other exchange & reverse exchange real estate service companies in Santa Clara County, including the larger cities of San Jose, Sunnyvale, Santa Clara, Mountain View, and Milpitas ?
  • Will I have to pay supplemental taxes for the period that you hold the title to my property while facilitating the reverse exchange?
  • Has a client ever filed a complaint against you?
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  • What To Ask References
    What to Ask Previous Customers of a Santa Clara County Exchange & Reverse Exchange Real Estate Service Company

    It’s advantageous to choose a Diamond Certified exchange & reverse exchange real estate service company because all certified companies have passed an in-depth ratings process that most other companies can’t pass.

    If you want quality from a exchange & reverse exchange real estate service company in Santa Clara County and the greater Bay Area, you can have confidence choosing a Diamond Certified company. Diamond Certified reports are available online for all certified companies. And you’ll never be fooled by fake reviews. That’s because all research is performed in live telephone interviews of actual customers.

    If you can’t find a Diamond Certified exchange & reverse exchange real estate service company within close proximity, you’ll have to do some research on your own. If you do, it’s wise to call some references provided by your exchange & reverse exchange real estate service company.

    Keep in mind, though, that references provided to you by the exchange & reverse exchange real estate service company are not equal in value to the large random sample of customers surveyed during the Diamond Certified ratings process. That’s because references given to customers from companies are cherry-picked instead of randomly selected from all their customers. So the contractors will likely give you a few customers to call that they know are satisfied.

    If you do phone references on your own, specifically ask for a list of the company’s 10 most recent customers. This will help avoid them giving you the names of only customers they know were satisfied.

    • Was this exchange & reverse exchange real estate service company respectful of your time?
    • Was the exchange & reverse exchange real estate service company helpful in guiding you through the process?
    • If you need a exchange & reverse exchange real estate service company in the future, will you consider hiring this company?
    • Did you feel the exchange & reverse exchange real estate service company was working with your best interest in mind?
    • Would you recommend this exchange & reverse exchange real estate service company to your family and friends?
    • When the process was complete, were you satisfied with the exchange & reverse exchange real estate service company?
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  • Review Your Options
    Consider Your Options for a Diamond Certified Exchange & Reverse Exchange Real Estate Service Company in Santa Clara County

    The Diamond Certified symbol has been awarded to companies that scored Highest in Quality in an accurate ratings process.

    Before deciding on the best exchange & reverse exchange real estate service company in Santa Clara County for you, it’s important to consider the following questions.

    • Is my exchange & reverse exchange real estate service company well-established in the community?
    • Does my exchange & reverse exchange real estate service company have good references that I have checked?
    • Do I trust my exchange & reverse exchange real estate service company of choice in Santa Clara County?
    • Is my exchange & reverse exchange real estate service company applying pressure or sales tactics in order to get me to sign a contract before I am ready?
    • Is my exchange & reverse exchange real estate service company flexible regarding the commission rate?
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  • How To Work With
    Sign a Buyer's Broker Agreement Before Finalizing the Real Estate Exchange & Reverse Exchange

    If you are purchasing real estate such as business real estate properties, your real estate mortgage broker may ask you to sign a buyer’s agent agreement. If you choose to switch to a different real estate broker at the moment of signing a contract for real estate property for the purpose of saving money, etc., this contract ensures that the real estate broker will be compensated for their work.

    Before signing a buyer’s agent agreement, you may want to carefully consider the following issues:

    • Compensation. Make sure that the total compensation is covered in the buyer’s agreement. Any commission paid by the seller to the purchaser’s broker will reduce any commission owed by the buyer. Also, avoid paying a retainer fee. Make sure you check to see how to cancel the contract if you are dissatisfied with the real estate broker’s performance.
    • Exchange 1031 Experience. Be sure that the real estate broker of choice is experienced in real estate exchange and reverse exchange services.
    • Term. Set a reasonable time period for working with the real estate broker in Santa Clara County, including the larger cities of San Jose, Sunnyvale, Santa Clara, Mountain View, and Milpitas . You can always renew later if needed. Remember: if you purchase a property such as commercial real estate a few months after the contract has expired, the real estate broker is still entitled to a commission.
    • Geographic area. Be sure that the real estate broker is experienced in the geographic area in which you are purchasing property. If it is possible that you will venture beyond the comfort zone of the real estate broker, make a provision in the contract to be referred to another broker by your current real estate broker. The current real estate broker can collect a referral fee or simply void the contract.

    Sign the Listing Contract Before Finalizing the Exchange & Reverse Exchange Real Estate
    A listing contract is the contract between a real estate broker and a seller of real estate property that gives the broker the right to offer the property for sale. The listing contract will be signed before completing the exchange & reverse exchange service. It must include the following:

    • The terms and conditions under which the brokerage fee will be paid by the seller
    • The list price which the property will be offered for sale
    • Authorizes the broker to cooperate with other brokers as sub-brokers and also details the compensation that will be offered to those brokers in the event they secure a buyer.
    • A beginning date and a termination date
    • The amount of compensation offered to the real estate broker. This can be in the form of a percentage of the sales price or a flat fee.
    • Authorizes the real estate broker to disclose or not to disclose the existence of offers formerly received.
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  • Be a Good Customer
    Be a Successful Real Estate Exchange Company Customer

    It’s your exchange real estate company’s responsibility to provide exceptional service while assisting you with the exchange & reverse exchange services. But you play a big part in the success of your exchange & reverse exchange real estate service company, too.

    Here are a few simple steps you can take to be a good customer when hiring a exchange & reverse exchange real estate service company in Santa Clara County.

    • Be sure your service representative has a phone number where they can reach you at all times while they’re working for you. The work will move along more smoothly if your exchange & reverse exchange real estate service company can reach you for any necessary updates or questions.
    • Before you hire a exchange & reverse exchange real estate service company in Santa Clara County, restate your expectations and goals, and reiterate to the exchange & reverse exchange real estate service company representative your understanding of the agreement. Most problems with local exchange & reverse exchange real estate service companies occur because of a breakdown in communication. By being clear about your expectations and theirs, you can avoid most conflicts.
    • When your exchange & reverse exchange real estate service company contacts you, return calls promptly to keep the work on schedule.
    • Be clear and upfront with the exchange & reverse exchange real estate service company. Let them know what you want from your exchange & reverse exchange real estate service company, the long-term outcome you’re expecting and specific ways they can satisfy your expectations.
    • Ask your exchange & reverse exchange real estate service company if you should call to check on the progress or if he will call you with updates.
    • Pay for the exchange & reverse exchange real estate service company’s work promptly.
    • Remember, a friendly smile goes a long way!

    Why would you want to be a good customer? Exchange & reverse exchange real estate service company’s in Santa Clara County, including the larger cities of Palo Alto, Cupertino, Gilroy, Campbell, and Morgan Hill, appreciate customers who are straightforward, honest and easy to work with. Your good customer behavior sets the tone from your end and creates an environment conducive to a good relationship. Things may very well go smoother and any problems may be more easily resolved.

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Check The Work
Review the Services Promised and Provided Before Moving Forward

Once you’re on your way with your Santa Clara County exchange and reverse exchange real estate transaction and the end of the process is in sight, you’ll want to take a fresh look at the contract and the invoice or explanation of payment, comparing the services actually provided with the services you were originally promised.

This is your chance to ask any final questions, get clarification on items you may not completely understand, review any guarantees or warranties, and review any responsibilities you may bear. If the exchange or reverse exchange process isn’t quite complete at this juncture, now is the best time to talk about the final steps in the process.

Keep in mind that once the transaction is completed and the company has been paid, either directly by you or through a points system associated with your real estate transaction, it can be harder to get the answers you want. So be sure you have closure on the deal before proceeding.

For your protection, the invoice or explanation of payment from exchange and reverse exchange real estate brokers in San Jose, Sunnyvale, Santa Clara, Mountain View and Milpitas or your area should include the following items:

  • The real estate exchange company’s name, physical office address, and state license number.
  • A complete list of all services rendered.
  • The total cost for the services. You may want to request an itemized invoice that shows breakdowns of the total cost, including an itemized amount charged for fees, administrative costs, and other charges.
  • A written explanation of any warranties or guarantees provided by the real estate exchange service or their agents.
  • A written explanation of any responsibilities you bear in the process.
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Written Warranties
The Diamond Certified Performance Guarantee

Diamond Certified companies are backed by the Diamond Certified Performance Guarantee. If the company you’ve hired is Diamond Certified and you can’t resolve the issue by talking with the owner, contact the mediation department at [email protected] or call 800-738-1138.

Finding Ways to Resolve Conflict with Santa Clara County Exchange & Reverse Exchange Real Estate Service Companies
The truth is most exchange & reverse exchange real estate sales brokers in Santa Clara County are honest and really do look out for their customers’ best interests. Still, you should know what to do if you are ever dissatisfied with your local exchange & reverse exchange real estate sales broker’s service or work.

If you have a complaint or concern about the service you received from your exchange & reverse exchange real estate sales broker from Santa Clara County, including the larger cities of Palo Alto, Cupertino, Gilroy, Campbell, and Morgan Hill, immediately speak with the real estate broker or the real estate company manager. It is often best to resolve problems directly with the real estate sales broker, minimizing conflict and getting your real estate project finalized on time.

When discussing the issue with the real estate sales broker, keep these tips in mind:

  • Try discussing the problem with a trusted family member or a friend. If that doesn’t help, you may need to seek legal advice from an attorney.
  • Let your exchange & reverse exchange real estate sales broker know that you’re willing to compromise or negotiate a mutually-beneficial agreement.
  • Review the contract specifications with your real estate broker and attempt to verbally resolve any problems in person.
  • Set a deadline for resolution, and tell the exchange & reverse exchange real estate sales broker that you are willing to agree on a mutually-beneficial solution.
  • You may legally withhold payment until the dispute is resolved to your liking.
  • If you do not get a suitable response, consider sending a letter that outlines the problem and how you would like it resolved. Send the letter by certified mail and request a return receipt. If the problem continues, it may be time for outside intervention.
  • Remain calm and polite.

Document your concerns in writing with the exchange & reverse exchange real estate sales broker. Write down the real estate sales broker’s response to your complaints in case you need records for future arbitration.

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Top 10 Requests
Top Service Requests from Exchange & Reverse Exchange Real Estate Companies

There are several types of exchange & reverse exchange real estate service companies in Santa Clara County, including the larger cities of Palo Alto, Cupertino, Gilroy, Campbell, and Morgan Hill, that provide exchange & reverse exchange real estate services for all types of property. Following is a list of the most popular properties that exchange & reverse exchange real estate services are provided for.

Commercial Real Estate Investment Exchange & Reverse Exchange
This is land or buildings that are used for the purpose of generating a profit. Commercial property includes medical centers, office buildings, industrial property, retail stores, shopping centers, warehouses, farm land, multifamily housing buildings, etc.

Real Estate Property Exchange & Reverse Exchange
Real estate property is any property that is listed as for sale. It can include residential property, commercial property, or vacant land.

Industrial Properties Exchange & Reverse Exchange
Industrial properties are intended for the use a high-technology activity, the manufacture of materials or goods, or the processing of materials and goods by chemical or physical change.

Vacation Properties Exchange & Reverse Exchange
Vacation properties are residences used for holiday vacations, such as a beach house or cottage.

Investment Property Exchange & Reverse Exchange
This is property that is purchased with the intention of getting a return. It is not occupied by the owner. Investment property can include an apartment building, a duplex, vacant land, commercial property, a house-basically any type of real estate.

Ocean-Front Properties Exchange & Reverse Exchange
Ocean-front property is property that is adjacent to the ocean.

Personal Property Exchange & Reverse Exchange
Personal property is property that is owned by an individual or business which is movable and is not affixed to or associated with the land.

Farm Acreage Exchange & Reverse Exchange
Farm acreage is an allotment of land for the purpose of farming. Land for farming is typically devoted to the practice of producing and managing food such as grains, produce, or livestock.

Residential Homes Exchange & Reverse Exchange
A residential home is a skilled nursing unit that provides care for residents. Usually residents of a residential home require constant nursing care and are unable to independently manage daily living skills.

Real Estate Lots Exchange & Reverse Exchange
Real estate lots are tracts or parcels of land that are owned or meant to be owned. A lot is a small area of land that is empty except for, possibly, pavement, or other similar improvements.

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Glossary Of Terms
Glossary of Terms for Clients of Exchange & Reverse Exchange Real Estate Companies

Below are key exchange and reverse exchange real estate service company terms and descriptions that will help you navigate your way through your exchange & reverse exchange project from beginning to end.

1031 exchange 
This is a 1031 tax deferral which allows taxpayers to reinvest the money from the sale of property that has been used for business or investment purposes into another property that will be used for investment or business purposes. The newly acquired piece of property must be of equal or greater value than the original piece of property.

Also known as: 1031 exchange requirements, 1031 exchange real estate, 1031 exchange property, reverse 1031 exchange, 1031 exchanges, what is a 1031 exchange, 1031 exchange rules

boot
This is the property the purchaser receives in the exchange that does not quality as a like-kind property. The boot portion is subject to taxation.

business real estate properties 
These are commercial properties that are used for the purpose of business.

Also known as: commercial real estate listings, industrial real estate, business real estate for sale, commercial real estate brokers, small business real estate, commercial real estate, free commercial real estate listings, commercial real estate for lease, buy commercial real estate, commercial real estate property, real estate listings

deferred exchanges 
This is a situation in which the property owner’s tax on any gain realized in a sale is deferred until some future date.

Also known as: tax deferred exchange, 1031 exchange, 1031 exchanges, real estate exchange, tax deferred exchanges, 1031 deferred exchange, 1031 tax deferred exchange, tax deferred exchange 1031, deferred 1031 exchange

exchanger
This is the owner of the investment property who is looking to make a tax deferred exchange.

international real estate exchanges 
This is a real estate transaction that involves the sale of one international property with the tax on the capital gain deferred due to the purchase of another property that is similar in value in type in exchange for the first property.

Also known as: real estate exchange, 1031 exchanges, commercial for sale, house listings for sale, property listings for sale, free home listings, real estate exchanges

like-kind property 
This is the properties involved in a tax deferred exchange. They must be similar cost as well as types of property. Like-kind property cannot be your personal residence or a second home.

like-kind real estate exchanges 
This is a real estate transaction that involves the sale of one property with the tax on the capital gain deferred due to the purchase of another property that is similar in value in type in exchange for the first property.

mortgage exchanges 
This is a real estate transaction that involves the sale of one property with the tax on the capital gain deferred due to the purchase of another property that is similar in value in type in exchange for the first property.

private exchange real estate 
This is a private real estate transaction between two parties that involves the sale of one property with the tax on the capital gain deferred due to the purchase of another property that is similar in value in type in exchange for the first property.

property exchanges 
This is a real estate transaction that involves the sale of one property with the tax on the capital gain deferred due to the purchase of another property that is similar in value in type in exchange for the first property.

Also known as: property exchange, 1031 property exchanges, vacation property exchange, 1031 property exchange, property swap exchange

real estate capital gains tax service
This service helps clients avoid or correctly pay real estate capital gains on their real estate purchases.

real estate exchange services 
These are the services that assist a buyer in a type of exchange of real property for real property. All types of real property are vacant land, commercial, residential, and some long term leases.

Also known as: real estate exchange, real estate 1031 exchange, 1031 real estate, 1031 real estate exchange, 1031 exchange real estate, 1031 exchanges real estate, real estate exchange 1031, real estate investment companies, exchange services

real estate swap 
This is trading or swapping real estate with someone who is interested in trading their property for yours.

Also known as: real estate trade, swap real estate, house swapping, real estate listings, house swap, real estate sites

real estate trade property 
This is property that is traded in an “I buy yours, you buy mine” arrangement.

real estate trades 
This is trading or swapping real estate property with someone who is interested in trading their property for yours.

real property exchange 
This is a real estate transaction that involves the sale of one property with the tax on the capital gain deferred due to the purchase of another property that is similar in value in type in exchange for the first property.

Also known as: 1031 property exchange, 1031 exchange properties, commercial property exchange, tax free exchange, 1031 tax exchange

relinquished property 
This is a reference to the original property being sold by the owner when making a 1031 exchange.

Also known as: 1031 exchange, real estate tax free exchange, 1031 property, 1031 exchange rules, 1031 swap, real estate exchange agreement

replacement property 
This property is also the “new” property that the purchaser is buying in replace of the relinquished property.

reverse exchange services 
These are services that assist an owner who has purchase the replacement property before the sale of the relinquished property.

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Frequently Asked Questions
FAQ for Real Estate Exchange and Reverse Exchange Brokers

Q: Why choose a Diamond Certified exchange & reverse exchange real estate service company?
A: Diamond Certified helps you choose a exchange & reverse exchange real estate service company with confidence by offering a list of top-rated local companies who have passed the country’s most in-depth rating process. Only exchange & reverse exchange real estate service companies rated Highest in Quality earn the prestigious Diamond Certified award. Most companies can’t pass the ratings. American Ratings Corporation also monitors every Diamond Certified company with ongoing research and ratings. And your purchase is backed by the Diamond Certified Performance Guarantee. So you’ll feel confident choosing a Diamond Certified exchange & reverse exchange real estate service company.

Q: What is a 1031 exchange?
A: Section 1031 of the IRS tax code allows you to defer taxes on capital gains from the sale of investment properties if all the proceeds are quickly invested in replacement properties. Basically, you’re deferring the taxes until you sell the new property.

Q: What types of real estate qualify for 1031 exchanges? Can I do a 1031 exchange on my vacation home or rental property?
A:Raw land, or vacant land,  that’s held for investment purposes qualifies for a 1031 exchange. Properties that you’re renting out qualify, but a primary residence or vacation home does not.

Q: When do I have to decide about making an exchange?
A: You have to decide to engage in an exchange before you sell the relinquished property. If you sell the property before choosing to do an exchange, you can’t defer the capital gains by investing in the new property. The transaction has been completed and you’ve acquired the tax liability.

Q: When is the 1031 exchange completed?
A: It is complete when you close on the replacement property.

Q: Do I need to have a mortgage on the replacement property?
A: After you pay off the mortgage, all of the net proceeds from the sale have to go into the replacement property. Basically that means that the new property must be of equal or greater value than the relinquished property. If you have the money to pay the difference, you don’t need to have a mortgage on the replacement property.

Q: Can the proceeds from the sale of a relinquished property be held in escrow?
A: Yes. An exchange & reverse exchange real estate service company warehouse the proceeds from the sale in client accounts and apply them to the purchase of a replacement property.

Q: Is there a limit to how long the proceeds can remain in escrow?
A: The answer is yes. There are two deadlines. One is at 45 days; another is at 180 days. You have 45 calendar days to identify one or more replacement properties. The 45 days start from the day of the sale. You have to close on one of the identified properties within 180 calendar days. You incur the capital gains tax liability from the sale if you miss either of these two deadlines. The deadlines are set in stone and can only be waived if a natural disaster affects the property. Personal emergencies do not count.

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