Five Basic Steps to a 1031 Exchange

1. Establish Executive 1031 as your qualified intermediary.

   Executive 1031 Exchange Services creates the exchange contract and amendments needed by your escrow or title company to establish us as your accommodator. These documents are available the day after Escrow Instructions and a Preliminary Title Report are supplied to Executive. The documents can be signed either at your escrow company, at our San Clemente Office, or may be mailed or faxed directly to you for signature.

2. Sell your "down-leg" property.

At the close of escrow, funds are transferred to Executive 1031 Exchange Services on your behalf. You will earn interest on the funds held by us while you are completing the purchase of your "up-leg" property.

3. Choose a "like-kind" property within allowed time frames.

Your "replacement property" must be selected within 45 days of the close of escrow on your "relinquished property". You must close escrow on your "replacement property" within 180 days of the close of escrow on your "relinquished property.".

4. Purchase your "up-leg" property.

We will work with your escrow or title company to substitute Executive 1031 in as your agent on the purchase. Your funds will be available as needed to make "good-faith" deposits, and to complete funding.

5. Receive your closing statement.

Executive 1031 Exchange Services provides you with an itemized balance sheet of all transactions related to your Accommodation account. This statement shows the deposits and withdrawals and the interest your funds have earned. This statement is provided to you at the close of your exchange.