Are 1031 exchanges involving commercial property harder to close than a bank financed deal?
Are 1031 exchanges involving commercial property harder to close than a bank financed deal?

I spoke with a broker about a property and he asked if I was selling as part of a 1031 exchange. 

I told him I was not and he seemed to be relived. As if there was a problem or challenge with his seller accepting an offer that was part of the 1031 exchange. 

Any feedback or perspective is appreciated.
[{"id": "i917xnr", "text": "Your selling or buying?", "replies": [{"id": "i940p0h", "text": "Selling then buying.", "replies": [{"id": "i99e12n", "text": "OP have you checked with your cpa if your selling side has anything to gain from a 1031?\n\nYou can sell, 1031, acquire and then refinance out of the new property to untie your money again.", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "i9183qt", "text": "1031 has a specific timeline. He was relieved to avoid additional constraints.", "replies": [], "depth": 1}, {"id": "i93xlwh", "text": "Any contingency in theory could make a deal harder, especially with how the market has been recently.\n\nI had someone approach me with a 1031 exchange pending. The sale would close in 2 weeks. He wanted a retail property in a market he was unfamiliar with (I\u2019m in TX, we was in Louisiana). Given that we would only have a few weeks from close to identify the potential purchases AND he\u2019d have to buy one of those or suffer tax consequences\u2026 it is definitely more daunting to deal with as an agent than if he were just to purchase with traditional financing.\n\nWhat if the deal is delayed and we don\u2019t close on time? Or the properties we pick end up with unforeseen problems that kill the deal? This guy could lose hundreds of thousands in taxes. He would certainly be one unhappy customer.", "replies": [], "depth": 1}, {"id": "i9bymsy", "text": "They have strict deadlines and may be contigent on your first deal closing", "replies": [], "depth": 1}]