Exchange Types

Simultaneous Exchange:

An exchange that involves trading the Relinquished Property for the Replacement Property.  This exchange takes place at the same time and on the same day.

Delayed Exchange:

Defined as a transaction wherein the sale occurs previous to the acquisition. Within 45 days from the close of the relinquished property, a “like-kind” replacement property must be identified, and the close of escrow on the replacement property must take place by the 180th day.

Reverse Exchange:

An acquisition of the Replacment Property prior to the Relinquished Property being sold. There are many variations and complexities to these type of transactions. Please call us and we can discuss your individual transaction.

Improvement (or Construction) Exchange:

Proceeds from the Relinquished Property are used to purchase Replacement Property. The Intermediary then retains ownership of Replacement Property until improvements/construction conclude or excess proceeds are exhausted. Upon completion, Intermediary transfers ownership of Replacement Property to Exchanger.