A forward exchange is the standard sequence: the relinquished property closes first, and the replacement acquisition follows inside the 45-day and 180-day windows. This service manages that sequence for Park City sellers as a scoped set of deliverables against a fixed calendar, not an open-ended search that starts after the sale is already done.
The qualified intermediary needs to be engaged and the exchange agreement signed before the relinquished property closes, since proceeds have to route directly from the closing to the QI's account rather than to the seller. The moment that closing records, both the 45-day identification clock and the 180-day exchange period start running concurrently, and neither one waits for the seller to begin looking for a replacement.
Sellers who wait until after closing to start the START EXCHANGE REVIEW lose real days off both deadlines, which is the most common and most avoidable mistake in a forward exchange.
Because Main Street, Kimball Junction, and Snyderville Basin commercial inventory turns over slowly compared with a larger metro market, a Park City seller who waits until the sale closes to start evaluating replacement candidates can find the 45-day window closing before a strong option has even been identified. Lining up a preliminary candidate list and a lender conversation while the relinquished property sale is still under contract keeps the forward exchange from starting behind schedule.
California sellers moving proceeds into Park City sometimes assume the START EXCHANGE REVIEW can happen at the same pace as the original sale; resort-market inventory and seasonal showing patterns argue for starting that search earlier rather than later.
A seller whose relinquished property is under contract during the winter closing rush around the Sundance Film Festival has an added reason to start early, since title and lender bandwidth in that stretch is stretched thin across both the sale side and the replacement side of the exchange at once.
It starts on the date the relinquished property closes, running at the same time as the 180-day exchange period, not on a separate schedule tied to when the START EXCHANGE REVIEW begins.
Yes, given how thin commercial inventory can be in the resort corridors; starting the search and a preliminary lender conversation before closing helps avoid losing time off the 45-day window.
That can trigger constructive receipt and disqualify the exchange, which is why the assignment of contract rights to the qualified intermediary needs to be in place before the relinquished property closing, not arranged afterward.
Yes. A forward exchange sells the relinquished property first and buys the replacement second; a reverse exchange acquires the replacement property before the relinquished property has sold, which requires a different holding structure.
The qualified intermediary provides the exchange's specific dates, and the investor's tax advisor should confirm how those dates interact with the investor's own tax filing timeline.
Each of these deliverables has a natural owner — the QI, the title company, the seller's broker, or the investor directly — and naming that owner on the schedule up front avoids the more common problem of an item sitting unassigned until it becomes urgent.
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