
10 THINGS YOU SHOULD KNOW BEFORE YOU DO ANOTHER 1031 EXCHANGE.
The quality of customer service
and the degree of expertise and
experience can vary greatly from
one Qualified Intermediary to
another. The differences are often
the determining factors between
a smooth, efficient and successful
1031 exchange and an
unnecessarily taxing experience.
Even if you consider yourself a
seasoned Exchangor, there’s
always an opportunity to become
a more informed one.
Here are 10 important facts about
Nationwide Exchange Services
(NES), and why you should
consider us as your Qualified
Intermediary for your next 1031 exchange.
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We have successfully conducted tens of
thousands of diverse 1031 exchanges since
1990, from the West Coast to the East Coast,
representing everything from corporate jets to beachfront rental property. |
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NES Exchange Officers are knowledgeable,
experienced, detail-oriented and dedicated
to serving you through every step of the
process. NES is also a respected member of
the Federation of Exchange Accommodators
(FEA), the industry’s only national trade association. |
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Our business processes, controls and
documentation are regularly subject to review
by nationally recognized public CPA firms to
ensure they meet the most recent IRS rulings,
and are fully compliant with other critically
important federal regulations and statutes
covering the protection of financial data and personal information. |
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The exchange funds entrusted to NES are
placed in secure accounts with leading
regional and national banks, which are
required to be members of the FDIC. |
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To further safeguard exchange funds, we
provide a protection program featuring a
comprehensive Fidelity Bond and Errors and Omissions insurance policy for each account. |
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Exchange funds are never commingled with
our operating funds. What’s more, they are
invested in sound and proven financial
instruments, with minimal risk and 100% liquidity. Interest is paid at competitive rates. |
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Our advanced automated systems give us
the ability to streamline the creation of many
important forms and documents. This means
we can respond very quickly without missing
any details. For example, we are able to
guarantee a one-hour turnaround time on
any type of form or documentation for a Delayed Exchange. |
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We provide our customers with easy, 24/7 access to their accounts through the NES Personal Portal. This password-protected Website contains up-to-the-minute transaction information, including the status of banked funds. |
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Our fees are fair-minded and very competitive: |
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$750 for a Delayed Exchange, consisting of one Relinquished Property and one Replacement Property, with $200 for each additional Replacement Property. |
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$7,500 for a basic Safe Harbor Reverse Exchange. |
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Should your circumstances indicate that you need additional advice, we can direct you to tax, legal and brokerage advisors through our partnerships with leading firms in these categories. |
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Click here to download the pdf version of "10 things you should know before you do another 1031 exchange."
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