"Sale Conditions: 1031 Exchange" - What does this mean for buyer?

[Adrian Rae]

For the most part, I think I understand the basic idea of a 1031 Exchange. Let's see: You sell one property, and to avoid paying cap gains tax, you then reinvest those profits within 45 days into a larger "like kind" property. Yeah?
So if I, as a buyer (full disclosure, major newbie here!), see that under "sale conditions" it's listed as 1031 Exchange, what affect would that have on me - somebody interested in purchasing their property? Could this mean the actual sell of this property is contingent upon the seller finding a property of their own to 1031 Exchange?

Thank for your help clarifying this for me.

[Wayne Brooks]

@Adrian Rae

It does not affect you in the least.  It Could help your offer though if the seller thinks he might have difficulty in identifying his replacement property within 45 days (he has 180 days to actually close on it) And it’s okay with you....you could offer to delay your closing for up to 30 days or so, to help him have more time in identifying his replacement property.  It’s always good advice for someone doing a 1031 to actually have their replacement property under contract when they sell the original property, but few actually do this.