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1031 Exchanges

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Megan Elliott
  • Real Estate Agent
  • Surf City, NC
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1031 Exchange on a New Construction

Megan Elliott
  • Real Estate Agent
  • Surf City, NC
Posted Apr 14 2021, 06:35

Hello! I was wondering how the timeline would work if you used a 1031 exchange to purchase a new construction.  I am assuming the house would need to be complete and closed on within the 180 days, but I figured I would put it out to the experts.  Is there any leniency if there are construction delays?  Thanks so much!

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