As soon as possible, and before any transaction.

This verbiage should be satisfactory in establishing the exchanger’s intent to perform a tax deferred exchange: “Buyer is aware that Seller intends to perform an IRC Section 1031 tax deferred exchange. Seller requests Buyer’s cooperation in such an exchange and agrees to hold Buyer harmless from any and all claims, costs, liabilities, or delays in time resulting from such an exchange. Buyer agrees to an assignment of this contract to Directrust by the Seller.”

Call us at Directrust. Our phone is 877-975-1031 or email us at Exchange@directrust1031.co

Suggest to your clients that they call a qualified intermediary. Get other professionals involved (CPA, QI,  Attorney). Every time you list any property that may have been “held for investment” (i.e. rental house, second or vacation home, duplex, land, etc.), recommend that your client talk to their legal and/or CPA about the potential benefits of a 1031 exchange.

Yes, as long as the sale has not closed yet. Quick thinking has successfuly helped clients convert a sale into an exchange.

Send them to our website at www.directrust1031.co. We have a variety of resources they can read through and a toll-free number to call along with our email address.