Contact a title company or attorney office or office that handles 1031 exchanges (also known as a Starker Exchange). Let them handle it for you so you don't mess it up. The fee is worth it especially if you have never done one before. The key is to get the menomonee falls house sold first, and once it looks like it will sell, identify a few properties in Dallas that she would like to trade into. I believe you have 45 days to identify that other property after the closing on the menomonee falls house, and then another 180 days to close on the second one, but double check the rules with whoever is going to handle your closing (the 1031 experts). Hope that helps.
Jan 7, 2009