Step 1: While contemplating the sale of an investment property, contact 1031 Pros. A 1031 exchange in Utah is when one property is exchanged for another of equal value or higher.There are several rules and regulations that govern 1031 exchanges, including deadlines, property requirements, and the involvement of a qualified intermediary. Compare the best 1031 Exchange lawyers near Salt Lake City, UT today. Use our free directory to instantly connect with verified 1031 Exchange attorneys. Selling your home in Park City? A 1031 exchange can be a great tool when selling investment property.