Are “Last Minute” Exchanges Possible?

[Joe Kahn]

I saw this on a 1031 exchange company's website

"At 1031 Exchange Place, many real estate investors contact our office just minutes before closing on their transaction and successfully convert a sale into a 1031 exchange. In most situations, a successful exchange can be accomplished as long as 1031 Exchange Place is contacted prior to closing."

Is this correct?

Thanks,

[Bill Exeter]

Hi @Joe Kahn, 

Yes, that is correct.  We get last minute calls often, but it certainly stresses out the closing agent and the QI.  LOL.  The key is making sure that the 1031 Exchange is set-up and in place with the closing agent before the sale transaction closes.