Deferred, or forward, exchange
You sell the relinquished property first. We hold the proceeds while you find and close on the replacement. Both the 45-day identification clock and the 180-day closing clock start at that first closing.
Reverse exchange
The order flips: you acquire the replacement property before the old one sells. Since you cannot hold title to both at once, an exchange accommodation titleholder parks one side until the sale closes.
Construction, or improvement, exchange
Exchange funds pay for both the replacement property and the improvements built on it. The intermediary holds title while the work is done, so the added value counts toward your exchange rather than sitting outside it.
Simultaneous exchange
Both properties change hands at the same time in a single coordinated transaction. It is the original form of the 1031 exchange and the simplest to describe.
We’ll work it out together.
Almost nobody calls knowing which structure they need, and there is no reason you should. Tell us what you are selling, when it closes, and what you would like to buy next. We will tell you which path fits and what it costs.
Because we are a small firm rather than a volume shop, we regularly take on reverse and construction exchanges that the national intermediaries turn down. If there is a way to do it, we will find it.
Start the conversation →- Selling first
- Deferred exchange
- Buying first
- Reverse exchange
- Building on it
- Construction exchange
- Closing both at once
- Simultaneous exchange
Let’s match your deal to the right structure.
One call maps out your options, your timeline, and what it will cost.
No charge for the call.