Estimate the total costs associated with your 1031 exchange, including Qualified Intermediary (QI) fees, escrow costs, title insurance premiums, recording fees, and other closing costs. Understanding these costs helps you plan your exchange budget effectively.
Estimate the total costs associated with your 1031 exchange, including QI fees, escrow costs, title insurance, and recording fees.
Typical range: 1% - 2% of property value
Flat fee for escrow services
Typical range: 0.5% - 1% of property value
County recording fees (varies by county)
Additional costs (appraisal, inspection, etc.)
Qualified Intermediary (QI) Fee: The QI holds your exchange funds and facilitates the transaction. Fees typically range from 1% to 2% of the property value, with minimum fees often around $1,000-$1,500.
Escrow Fee: The escrow company handles the closing process, document preparation, and fund disbursement. This is typically a flat fee.
Title Insurance: Protects against title defects and liens. Premiums vary by state and property value, typically 0.5% to 1% of the property value.
Recording Fees: County fees for recording the deed and other documents. These vary by county and are typically $100-$500.
Note: New Mexico does not impose a state real estate transfer tax. Actual costs may vary based on your specific transaction, property location, and service providers.
Educational content only. Not tax, legal, or investment advice. Results are estimates only. Consult a qualified intermediary and tax advisor before making decisions. New Mexico does not impose a state real estate transfer tax. Recording fees and title insurance premiums still apply.
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