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Silvia Gruna…, Real Estate Pro in Covina, CA

How does 1031 exchange affect buyer?

Asked by Silvia Grunauer, Covina, CA Mon Feb 18, 2013

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2
Mardelli Real Estate’s answer
Good morning Sylvia, depending on the situation and how the 1031 is structured but one of the ways it can affect the buyer is if the Seller has not identified a property yet and wants the buyer to cooperate with them and wait until they find the replacement property.
hope that answers your questions.
Let me know if you have any other concerns i can answer for you.
Best wishes
Norma
1 vote Thank Flag Link Mon Feb 18, 2013
You should consult with your broker or a legal advisor on this. The answer really depends on how the 1031 is structured.
Web Reference: http://www.archershomes.com
0 votes Thank Flag Link Mon Feb 18, 2013
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