1031 disclosure or not?

[Robert Steele]

I read on our state realtor association website that you are supposed to disclose to all parties that you are doing a 1031 exchange and include wording in the contract to the effect "seller understands that buyer is doing a 1031 exchange and will co-operate in every respect. seller will not incur any additional costs by co-operating".

But I have heard from gurus that you should stay quiet about doing a 1031 because it lets the seller know that you are on a time limit then and they can use that in negotiations to get concessions out of you.

I'm not sure if this applies to the other side of the transaction too: selling the first house in the exchange.