Ken Lam Realty · Tools · T428

BXA: the buyer is doing a 1031 exchange

A one-page add-on to the offer. It tells the seller: "I am buying this as part of a 1031 exchange. Please sign the extra papers. It costs you nothing."

1 pageBuyer + Seller signWith the offer, when the buyer does a 1031

What does this form say to me?

I am the

Has the buyer's old property (the "Other Property") already been transferred?

Date old property transferred

Close of escrow of this purchase

If the exchange fails (paragraph 4), the contract says

4B: extend close by up to

days

Read it paragraph by paragraph

What people get wrong

Next steps

Check the 45-day list with T221 and get every 1031 step with dates in T227.
Choosing who holds the money: T226 · Choosing a 1031 QI.
Does the property even qualify? T220. Words you don’t know: T229. The full purchase contract: T401 RPA.

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