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The Simultaneous Exchange Simultaneous two-party trades ("swaps") and complicated three-party exchanges (requiring either buyer or seller to act as the "accommodating party") are rare due to the timing difficulty, liability risks and potential complications. Most investors today use a Qualified Intermediary to safely facilitate a simultaneous exchange.
A. The simultaneous Exchange
This simply refers to an exchange wherein the relinquished property and the property to be acquired have escrows that are closed simultaneously. It is extremely important in this circumstance that each closing is contingent upon the other closing to maintain the integrity of the exchange. As anyone who has ever been involved in a complex real estate transaction knows, it is difficult to predict with certainty exactly when a transaction will close. It is for this reason that the Starker Delayed Exchange has come into favor with real estate investors.
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