Category Archives: Real Estate

A Brief Rundown of Options

1031 Property Exchange

The 1031 exchange is a technique used in the real estate investment sector. This technique involves a legal evasion of huge amounts of net taxes the investors of property in real estate often face. To do so, there are conditions put in place to ensure that the procedure is properly followed.

Within forty five days of disposing of an investment property, the money acquired needs to be used to obtain another property the investor wishes to obtain in order not to pay the tax. The law also states that the closing escrow of the newly acquired property should be in less than six months. The two properties: the purchased and the sold are to be of like kind. The like kind characteristic means that the investment property should serve the function of business and investment only. It is possible to use this technique as many times as possible on an investment and in this way, the investor is always assured of not paying required taxes throughout their investments. The property that the investor sells under the 1031 exchange is called the down leg property. In the same way, the property that is obtained with the proceeds is called the up leg property.

1031 exchange is highly practiced by real estate investors as it makes them retain a lot of the proceed. As a result of this, passive income on the investments is at all times assured to the investors. This type of income does not require an investor to make a way financially so as to get the property that will generate income. This is so because the new investment is not acquired anew but just transferred from the down leg property to the up leg without needing a lot of money to do so. The investor, therefore, will always be in possession of passive income property under the 1031 exchange.

There are times in real estate where property is stolen or burnt and therefore lost. Therefore the investor has to obtain a replacement property for the lost investment. This serves to restore the initial state of investment where the investor has a business and the tenant is compensated. It comes at an immense cost to the investor as most times replacement properties are more costly than the initial down leg property. Sometimes the investor would wish to defer the taxes associated with the replacement property and therefore, they would need to do the 1031 replacement exchange where they would transfer the ownership of the lost down leg property to the acquired up leg property under the technique’s conditions.

As an alternative to the normal method of operating real estate investments, the 1031 investment property exchange is very benefiting to a given investor following that trail.

Joe Manausa Real Estate Announces the Firm has Been Endorsed by Sean Hannity

FOR IMMEDIATE RELEASE

(Tallahassee, FL) Tallahassee listing agent Joe Manausa proudly announces his firm has been endorsed by TV personality Sean Hannity. Hannity, a popular Fox News Channel host, has been in the news lately, first for his support of Donald Trump and more recently for his feud with Ted Koppel. He’s known for being opinionated and outspoken on topics important to many conservatives, although he states he is a libertarian. Democrats love to make him a target, especially concerning his backing of Trump.

A portion of Hannity’s endorsement reads,”Hey it’?s your friend Sean Hannity and as you know I am not afraid to be honest and say exactly what I feel. When it comes to selling your home, you need to know there are real estate agents out there that just rely on yard signs, well and a few hundred dollars of marketing. I’?m gonna make this very easy for you and tell you the one agent whose marketing plan is in a whole different league than anyone else you will talk to. I’m talking about Joe Manausa.”

The Tallahassee housing market continues to experience low inventory. It currently has a five month supply of homes on the market, with the ideal being a minimum of six months. As a result, homes in certain neighborhoods are highly desired, and potential buyers are getting into bidding wars in an effort to obtain the home of their dreams. They wish to buy now before the supply dwindles and interest rates rise.

“Individuals looking to sell house in Tallahassee need a Realtor in Tallahassee who will ensure the public can easily find the residence. The more people interested in a property, the more likely it is to sell the house at the asking price, if not higher. We spend more each month on marketing homes than most agents earn in one year. Contact us today to begin the process of selling your home. You won’t be disappointed,” Joe Manausa states.

Experts point to the low mortgage interest rates to explain the high demand for homes in the area. New homes remain in high demand, yet builders are limiting the size of subdivisions, with most new construction consisting of no more than 50 homes. This tends to be good news for individuals with existing homes they wish to sell.

Manausa “serves the entire Tallahassee area, attracts hundreds of buyers every week, and sells a home on average every 18 hours. Now, because of that, if he can’t sell your home at a price and deadline that you agree to, he’ll buy it himself. He offers you a one day listing agreement, if after one day he doesn’t live up to his end of the contract, guess what? You can fire him and pay nothing. Real estate mogul and Shark Tank star, Barbara Corcoran, only recommends Joe Manausa in Tallahassee. So if I needed to sell a home in Tallahassee, I would call Joe. Call Joe now at 850 888-0888 or online at manausa.com,” Hannity recommends.

About Joe Manausa Real Estate:

At Joe Manausa Real Estate, individuals work with an an entire real estate company, as opposed to a single agent. The firm spends more money marketing homes each month than most agents make in a year, thus every person should work with the top Tallahassee listing agent.

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Reasons for a Realtor When Purchasing a Home

Purchasing a house is an arduous undertaking. Apart out of your car or truck, your house is the biggest investment you will ever make in your life. Picking out a home at the proper price can be challenging particularly these days when there are many properties available for sale. To make the purchase less daunting, you should use the help of a realtor.

It doesn’t matter if you have little of it or a lot of cash, your Realtor can help you understand what your purchasing power is. You can talk with them about your income, current debt levels, and cash reserves. They are able to refer one to the best lender who’s comfortable taking the risk. The realtor will also explain to you the different funding options available like owner financing or mortgages and answer any questions you might have about deciding on the best lender. These experts may also supply you with objective information about the house that may assist you in the selection process. For example, they can give you more details about what the community is similar to, what hospitals and schools can be found, average and median property values amongst others. This is crucial when it comes to determining whether or not the home meets your needs and whether you can sell the property quickly in the future when you want to do so.

The realtors carry out their due diligence on the assets you might be considering. They will know what to check such as land composition, roofing, termites and other pests. They can refer you to trustworthy people who will handle the inspectors related to these things and provide you with a well-written report about the state of the home. This prevents any unpleasant surprises if you want to move in.

The realtor you hire can also help you to negotiate. When we hear the word negotiate what immediately comes to mind is the price. However, negotiating includes much more such as the inclusion of equipment and furnishings, inclusion or exclusion of repairs and the terms of the sale. The realtor can help you in drawing up the purchase agreement and gives you the time to do the investigations and reviews that are required by what the law states or what you want before you have no other choice but to choose the house.

Your realtors must be present when closing the purchase of the home to ensure they can let you walk through it. They understand what step to take and having a realtor present during the purchase you are sure that everything will go according to plan. Realtors have numerous resources to help you in finding the perfect home. They can find houses that have not been advertised and have connections with other realtors.