Cost of 1031 exchange Alabama ?

Question

What is average cost of 1031 exchange cost in Alabama. Thanks

Dave Foster · Answer

@John Patton, Here's the raw data from my staff.  If somebody writes a new article with this info remember they stole it here first :)

Average: $950

Mean: $900

Lowest: $400

Highest: $2000Additional purchases: Average: $310

Mean: $275

Lowest: $100

Highest: $500

Dave Foster · Answer

@Carlos Ptriawan, yep.  the 1031 QI is an unrelated 3rd party to the transaction.  Their only role is the 1031 exchange.  So you still use all of your regular professionals for sale/closing/etc.  Our work is with the escrow companies on both sides and being the guide for the client.

Dave Foster · Answer

@John Patton, Here's an article we wrote for BP a while back - https://www.biggerpockets.com/....  We just completed a survey of 80 companies nationwide but haven't released the results yet.  But in general the same trends are present -

1. Exchanges on the coasts more expensive

2. Attorney exchanges more expensive

3. Best value for the money  and cheapest price- a nationwide QI only service

But it appears that prices have risen a hundred bucks or so in general.

Although your property might be in Alabama any QI with a national footprint can handle your exchange since 1031 is a federal statute practiced the same in all states.

Steve Vaughan · Answer

Mine was $750  relinquish, $250 replacement for a pretty vanilla one last year in WA.

Carlos Ptriawan · Answer

Dave is that the fee to the QI ?

Cost of 1031 exchange Alabama ?

Most Popular Reply