1031 exchange Language

When writing an offer or selling a property to be used in a 1031 exchange, it is necessary to put specific clauses in the offer to protect the exchanger. The California Association of Realtors has created a form specific for that purpose.

In addition, William exeter of Exeter 1031 exchange has contributed the following for use in the specified transactions

Relinquished Property (Sale Property)

Buyer acknowledges that Seller intends to perform a 1031 exchange transaction pursuant to Section 1031 of the Internal Revenue Code and that Seller’s rights, title and interest (but not obligations) pursuant to this Purchase and Sale Agreement will be assigned to Seller's Qualified Intermediary for the purpose of completing Seller's 1031 exchange transaction.
Buyer agrees to cooperate with Seller and Qualified Intermediary at no additional cost or liability to Buyer, by executing the documents necessary to complete Seller’s 1031 exchange transaction.

Replacement Property (Purchase Property)

Seller acknowledges that Buyer is completing a 1031 exchange transaction pursuant to Section 1031 of the Internal Revenue Code and that Buyer’s rights, title and interest (but not obligations) pursuant to this Purchase and Sale Agreement will be assigned to Seller’s Qualified Intermediary for the purpose of completing Buyer's 1031 exchange transaction.
Seller agrees to cooperate with Buyer and Qualified Intermediary at no additional cost or liability to Seller, by executing the documents necessary to complete Buyer’s 1031 exchange transaction.

For more information call John Daniel at (949)481-7358

Exeter 1031 exchange services, Inc. is a preffered accomidator for Daniel Realty & Investments

Mission Viejo is America's 3rd safest city!

For the 9th consecutive year, Mission Viejo is in the top 10 safest cities list. Mission Viejo has placed 3rd this year on America's safest cities list. The list below shows Irvine at number 7 and Lake forest at 15

Safest Cities list from the Orange County Register

1. Brick, N.J
2. Amherst, N.Y.
3. Mission Viejo
4. Newton, Mass.
5. Troy, Mich.
6. Colonie, N.Y.
7. Irvine, CA
8. Cary, N.C
9. Greece, N.Y.
10. Coral Springs, Fla.
11. Thousand Oaks
12. Orem, Utah
13. Round Rock, Tx
14. Dover, N.J.
15. Lake Forest, CA

No wonder Orange County real estate is so valuable. It does not get any better than this. Great weather, terrific schools, and safe cities. Enjoy!