Difficult 1031 Exchange - Help Needed

[Chheang Yang]

I've got an interesting 1031 I'm trying to work through.  Hopefully someone with in depth 1031 experience can help out.  I'm selling my home and it's going through as a 1031 exchange.  I plan to close 7/30/2016.  However, I just saw a home for sale and seller is incredibly motivated and wants a cash close 7/26/2016.  They're willing to hold off on transferring title until 8/1/2016.  I can come up with the cash to close on 7/26/2016, but I'm curious if there's any way to make this work so that it is covered by the 1031 exchange.

I see a few problems with this:

1. Cash from the sell of the home is going into the exchange agency's system and is expected to be used for the purchase of the new home.

2. I'll pay cash for the new home on 7/26/2016 and the seller will hold off on transferring title until 8/1/2016.  However, how do i get money out of the 1031 escrow account since the home is already paid for?

Any thoughts on how to make this work?  Thanks!

[Shannon Wright]

If this is still a topic at such a late date, here is my thought:

There is a such thing as a reverse exchange, which will allow you to buy and then 1031. You need to talk to an accommodator who can handle that. :)