A 1031 exchange, otherwise known as a tax deferred exchange, is a simple strategy and method for selling one property, that’s qualified, and then proceeding with an acquisition of another property (also qualified) within a specific time frame. The logistics and process of selling a property and then buying another property are practically identical to any standardized sale and buying situation. A 1031 exchange is unique because the entire transaction is treated as an exchange and not just as a simple sale. It is this difference between “exchanging” and not simply buying and selling which, in the end, allows the taxpayer(s) to qualify for a deferred gain treatment.
Inland Empire Escrow has Escrow Officers who are knowledgeable with the 1031 exchange escrow process and they can answer all of your questions and walk you through the process.
Inland Empire Escrow provides the lowest escrow fees in the industry for real estate, mobile home and business purchase and refinance transactions. We are considered one of the top independently owned escrow companies in the Inland Empire serving all of Southern California.
We set ourselves apart by maintaining a highly educated escrow team, while placing emphasis on customer service and satisfaction. That combined with our quick turn times and low flat escrow fees makes us a valuable part of your transaction and an excellent choice as your escrow service provider.
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