Exchange timelines move quickly. Start the property search early.
Replacement-property search, purchase negotiation and transaction coordination for investors moving into Las Vegas commercial real estate.
The timeline.
Priority One Commercial provides real estate brokerage services and does not provide tax or legal advice. Your CPA and qualified intermediary should confirm the requirements, deadlines and property eligibility for an exchange.
Owners who begin the replacement-property search before their sale closes generally have more options than those who wait until afterward.
We handle the real estate side of the transaction: marketing the relinquished property, identifying replacement candidates, negotiating the purchase and coordinating with the timeline established by the client’s advisors.
How It Runs
How it runs.
Plan before you sell
Speak with your tax professional, engage a qualified intermediary and establish the investment criteria.
Sell the current property
Handle the pricing, marketing and negotiation of the relinquished property.
Identify replacement options
Search the Las Vegas Valley for properties that meet the established criteria.
Negotiate and close
Negotiate the purchase and coordinate the transaction with the qualified intermediary and other professionals involved.
Where the Actual Rules Live
Where the rules are published.
The IRS publishes the exchange rules directly. Review them, then take your specific facts to your CPA and qualified intermediary.
- IRS: Like-Kind Exchanges, Real Estate Tax Tips
- IRS Form 8824, the form your CPA files
- Your CPA, for how any of it applies to you
- A qualified intermediary, engaged before you close
If you would like an introduction to a qualified intermediary in Las Vegas, let us know. We receive no fee for the referral.
What is your current property worth?
An exchange starts with the sale. Request a Broker Opinion of Value and get a supported value range for your property before you plan the next move.
Request a Broker Opinion of Value
A Broker Opinion of Value is a broker’s opinion of probable selling price. It is not an appraisal and may not be used in place of one.