1. Exchanger sells the relinquished property to Buyer. The deed is delivered directly from the Exchanger to the Buyer, however, the net proceeds from the sale are wired to All States 1031 Exchange Facilitator, LLC (the Qualified Intermediary).

 

2. Exchanger has 45 days from the date of the closing on the relinquished property to identify replacement property in writing. For identification rules click here. Exchanger must close on all replacement property(s) and complete the exchange within 180 days from the sale date of the relinquished property.

 

3. Exchanger purchases the replacement property from Seller. All States 1031 wires the net proceeds to the closing to complete the purchase. Again, the deed is delivered directly from the Seller to the Exchanger.