Seattle Improvement Exchange Oversight

The construction can continue past the deadline, but only the value in place, land plus completed improvements, on day one hundred eighty counts toward your exchange. Anything built or paid for after that date does not add exchange value, so we sequence the highest-value work earliest to protect the deferral for a Seattle, WA project.

Funds flow through the exchange accommodation titleholder rather than directly from you to the contractor, since you cannot have actual or constructive receipt of exchange funds during the parking period. We prepare draw packages, lien waivers, and dated progress photos to maintain a clear compliance record throughout construction.

We work with your contractors and permitting consultants to keep municipal approvals synchronized with the exchange schedule, since a delayed permit is one of the most common reasons an improvement exchange runs short on finished value by the deadline.

The exchange still closes on the one hundred eighty day date, but only the value actually completed by then counts as replacement property value. Uncompleted improvements represent unspent exchange funds, which can create boot and a taxable event, so we build in schedule buffers rather than planning to the exact deadline.

It is possible but adds complexity, since payments still need to flow through the exchange accommodation titleholder and documentation standards remain the same regardless of who manages construction. We can discuss how self-performed work affects draw documentation, though most exchangers find a licensed general contractor simplifies the compliance trail.

Yes, typically. The exchange accommodation titleholder entity, additional legal and accounting coordination, and construction oversight add cost compared with a straightforward purchase of an already-built property. We help you weigh that added expense against the value of being able to acquire land or an underbuilt property and construct exactly what you need.