How does 1031 exchange affect buyer?

Asked by qwe qwe, 1222, AK Mon Feb 18, 2013

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Mardelli Real Estate’s answer
Mardelli Real…, Agent, Pasadena, CA
Mon Feb 18, 2013
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
1 vote
Tina Lam, Agent, San Jose, CA
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.
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