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Updated almost 3 years ago,
1031 Exchange "Seller not responsible for cost of exchange"
Hi all,
I'm in the process of putting an offer in on a duplex. However, the seller is doing a 1031 exchange on the property. The issue I'm having, is that the seller has it worded that they are "not responsible for any cost associated with the exchange." I don't know a lot about 1031's but can anyone offer any insight on what this would mean for me as the buyer if the seller is not responsible for any costs.
thanks in advance!