How to set up a 1031 Tax-Deferred Real Estate Exchange
Before you close, Pioneer 1031 Company will need just two things to set up your exchange:
A copy of your signed and accepted Earnest Money Agreement or Purchase and Sale Contract.
In your best interest, there is some sample language we recommend you include in your Earnest Money Agreement or Purchase and Sale Contract. The IRS does not require that this language be included, but we suggest you include it for your own benefit.
The name and phone number of the title and escrow company or attorney handling your closing.
We will need to request a copy of the Preliminary Title Report. As your Accommodator, we will need to be in close contact with the escrow officer or closer you will be using to handle your closing. We will give them instructions on how to structure your closing for a Tax-Deferred Exchange.
