As with any real estate investment transaction, there are important rules you must follow. In a 1031 exchange, there are specific time periods in which certain elements of the exchange must be completed. This is where the benefit of having a trusted advisor makes a world of a difference. Your Vesta advisor will carefully and personally guide you through the specific deadlines, resulting in a seamless transaction.

Time Period Table




45 Day Time Period
An exchangor has 45 calendar days from the close of escrow on the relinquished property to identify up to three investment properties. Certain restrictions apply if an exchangor would like to identify more than three properties and they should first contact Vesta for details

How to Identify Exchange Property
An exchangor formally identifies replacement property by submitting a written form to Vesta indicating each property they intend to purchase. This form can be mailed, hand delivered, or faxed to Vesta’s office. The exchangor may also choose to identify additional properties that they would consider to be in "back up" position. Call Vesta for details.

180 Day Time Period
Once the 45-day time period has lapsed, the exchangor has an additional 135 days to close on any and all replacement properties. The combined 45 days to identify and an additional 135 days to close constitute a total of 180 days to complete an exchange transaction.

*Please take note that if you close escrow on the sale of your investment property after October 15th, you will need to file a tax extension to use the full 180 day benefit.