1031 Exchange as a Buyer

[Kyle Myers]

While searching for properties have come across several listings with descriptions detailing property as normal and ending with “Seller will be doing a 1031 exchange”

Having not been through an exchange like this how does this affect the buyer of property?

[Austin Andrews]

One way is the seller could add a contingency on the contract stating they can extend closing by so many days to satisfy the exchange, therefore pushing back closing from the original date.