First Time 1031 Exchange

[Jaimie Abert]

Hi all! Looking to do my first 1031 exchange on a property that I am selling soon. I was told that I will need a qualified intermediary, and was provided a referral that charges $1,200 for their services. Is that comparable? Does anyone have any referrals that they'd like to share? 

Also, any additional information that a first time 1031er should know would be greatly appreciated!

[Peter Mckernan]

Quote from @Jaimie Abert:

Hi all! Looking to do my first 1031 exchange on a property that I am selling soon. I was told that I will need a qualified intermediary, and was provided a referral that charges $1,200 for their services. Is that comparable? Does anyone have any referrals that they'd like to share? 

Also, any additional information that a first time 1031er should know would be greatly appreciated!

 I have had some charge $700 and some $2000. Depends on the company but sounds far! 

Make sure you look while you are about to get the property listed and then through escrow... Don't start when your time starts when you close the property you are selling.