1031 Exchanges

At Elite Title, we understand the complexities and advantages of 1031 exchanges for real estate investors looking to defer capital gains taxes while growing their portfolio. With years of experience in the St. Louis Metro Area's real estate market, our knowledgeable team is well-versed in the intricacies of 1031 transactions, ensuring a smooth and secure process from start to finish. Whether you're a seasoned investor or exploring the benefits of a 1031 exchange for the first time, we provide the guidance and expertise you need to confidently navigate these tax-deferred exchanges while safeguarding your investments.

What is a 1031 Exchange?
A 1031 exchange, named after Section 1031 of the U.S. Internal Revenue Code, allows real estate investors to defer paying capital gains taxes when they sell an investment property, as long as the proceeds are reinvested in a similar or "like-kind" property. This process helps investors grow their portfolios by allowing them to reinvest all proceeds from the sale, rather than paying taxes upfront. The exchange must follow specific IRS rules and timelines to qualify, making it a valuable but intricate tax-deferral strategy.

Understanding 1031 Exchanges

The 1031 exchange process begins when you sell an investment property and notify a qualified intermediary (QI), such as Elite Title, of your intent to perform a 1031 exchange. The QI holds the sale proceeds to ensure compliance with IRS rules, as you cannot take possession of the funds directly. You then have 45 days to identify potential "like-kind" replacement properties, which must be of equal or greater value to defer capital gains taxes.

After identifying replacement properties, you have 180 days from the sale of the original property to close on the new purchase. During this time, the QI transfers the held funds to complete the purchase. The title company plays a crucial role by coordinating with all parties, handling escrow, and ensuring the exchange follows both federal and Missouri-specific requirements. Once the replacement property is acquired, the 1031 exchange is completed, allowing you to defer capital gains taxes.

How is Elite Title different?

The Elite team has a deep understanding of 1031 exchanges, with years of experience navigating both the complexities of federal regulations and Missouri's real estate landscape. We provide end-to-end service, ensuring a smooth transaction by coordinating with all parties and managing the intricate details of each exchange.

Security is at the forefront of everything we do. We safeguard funds and ensure compliance with both IRS rules and state-specific regulations, offering peace of mind to our clients. For more complex transactions, we offer creative, tailored solutions, such as guiding clients through reverse or multiple-property exchanges.

We also believe in empowering our clients with knowledge, and we ensure you’re informed and confident every step of the way. Whether you’re handling local or out-of-state properties, Elite Title’s strong local presence and nationwide capabilities make us the trusted partner for all your 1031 exchange needs.

Ready to get started?

Escrow and Closing

Title and Underwriting

Title services and underwriting are essential for securing real estate transactions and protecting property ownership. Through detailed title searches, any potential issues such as liens or claims against the property are uncovered and resolved before closing. Our underwriting team works to evaluate each transaction carefully, offering tailored solutions that safeguard your investment. By working with multiple underwriters, we ensure a range of flexible coverage options to meet the specific needs of buyers, sellers, and lenders across Missouri, ensuring a smooth and secure transaction from start to finish.

Title Services

What are Title Services?

Title services play a crucial role in real estate transactions, ensuring that the property's title is legitimate and free from legal claims. These services include conducting detailed title searches to uncover any liens, ownership disputes, or encumbrances that could affect the sale. Additionally, title companies offer title insurance, which protects both the buyer and lender from potential future claims against the property. Title services also help facilitate the closing process, managing escrow and ensuring that all legal documents are properly executed and filed.

How is Elite Title different?

Elite stands out in the title services industry with its decades of experience, a large and highly skilled team, and multiple St. Louis area office locations to serve clients efficiently. With extensive knowledge of real estate transactions and customs in Missouri, Elite’s seasoned professionals ensure that each title is thoroughly examined and that the process runs smoothly from start to finish. Our wide network of offices enables us to offer localized expertise while maintaining a high level of personalized service, making us a trusted partner for buyers, sellers, lenders, and realtors alike.

Underwriting

What is underwriting?

Underwriting is the process by which a financial institution or entity, such as a title company, assesses the risk involved in a transaction, particularly in real estate. In the context of a title company, underwriting involves evaluating the title to a property to ensure that it is free of any defects, claims, or liens that could jeopardize ownership.

The underwriter reviews legal documents, public records, and other relevant information to identify any issues that might affect the buyer’s ability to take full ownership of the property. If the title is clear, the underwriter issues a title insurance policy, protecting the buyer or lender against future claims on the property.

How is Elite Title different?

Elite Title collaborates with multiple underwriters, providing significant advantages for clients. Diversity allows us to offer more competitive rates, flexible coverage options, and tailored solutions to meet your unique needs. Access to multiple underwriters also enhances our ability to navigate complex transactions, ensuring that you receive the most comprehensive protection available. By leveraging relationships with various underwriters, Elite can deliver greater security, better pricing, and the confidence that your real estate investment is in trusted hands.

Ready to get started?