Our Process

Step 1 : Contact SES

To ensure a smooth and successful exchange, our team will answer any questions regarding qualification, process, and timeline during your first call with us.

Step 2: Entering contract & open escrow

Making the decision to put your investment property up for sale is a big decision. Sparks Exchange Solutions will guide you through every step of the process.

Step 3: Identification Period

During this step, you have 45 calender days to identify your replacement properties and 180 days to complete the purchase.

Step 4: Purchasing & Finalizing

After finding the perfect replacment property, Sparks Exchange Solutions help you finalize your exchange.

Step 5: Finishing touches

Sparks Exchange Solutions provides all of our clients with the appropriate tax documents you will need to file in the upcoming year to see the benefits of your tax deferred exchange.

Step 6: Share the news!

We love hearing and sharing our success stories with other clients who are debating using a 1031 exchange for their own investment properties.

Replacement Property

Like Kind Test

The Replacement Property and Relinquished Property must be “like kind” which is very broadly interpreted and means that both must be held either for use in a trade or business or for investment, but the properties do not have to be similar in service or related in use. A condominium can be exchanged for a rental dwelling or a shopping center for an office building. Any investment or business property can be exchanged for any other investment property or business property.

Generally, "like kind" in terms of real estate, means any property that is classified real estate in any of the 50 U.S. states or Washington, D.C., and in some cases, the U.S. Virgin Islands.

Exchange your non income producing property and purchase income producing real property.

Tenants In Common (TIC) Delaware Statutory Trusts (DST) & UPREIT are additional options.