| |
|
What standards do appraisers use to
estimate value ?
Appraisers use several factors when estimating value including historical
records, property performance, condition of the property and indices that
forecast future value.
Back to Top |
|
Where do I get information on filing
consumer complaints ?
Consumer Federation of America, 1424
16th St. N.W., Suite 604, Washington, DC 20036; (202) 387-6121.
United Homeowners Association; 1511
K St., N.W.; Washington, DC 20005; (202) 408-8842.
Back to Top |
|
Which is the most important
feature when buying an Income Property ..
?
1- Location, Location and Location.
2- Condition of the property:
There
are two types of condition problems of the property: structural and
cosmetic.
A- Structural is the most important, because they can be very
expense to fix.
B- Cosmetics, here you can improve matters with
relatively little cost in general.
Back to Top |
To reach the Internal Revenue Service, call (800) TAX-1040.
Back to Top |
|
To find a real estate attorney, contact your local bar association, which may
offer local referral services.
Back to Top |
|
Ask for information on real estate investment trusts, or REITs, from the
National Association of Real Estate Investment Trusts, 1129 20th St., N.W.,
Washington, DC 20036; (202) 785-8717.
Back to Top
|
|
For information on architects, contact the following: American Institute of
Architects, 1735 New York Avenue, N.W.; Washington, DC 20006 or call
(202)626-7300.
Back to Top |
|
Speculative and conservative.
Back to Top |
|
Appraised value is a certified appraiser's opinion of the worth of a property
at a given point in time. Market value is what price the property will be at a
given point in time. A comparative market analysis is an informal estimate of
market value, based on sales of comparable properties performed by a real estate
agent or broker.
Back to Top |
|
The most realistic approach are:
Area evaluation.
1. Market value
of properties in general
2- Market value of properties comparable to
yours.
3- General physical condition of area (buildings, streets,
graffiti, landscaping, etc
4- Changes likely or underway that could impact
on value of the property.
5- Major positive attractions in the area.
6-
Major negatives futures, current or planned.
7- Your real estate professional
opinion of the area.
Back to Top |
|
Most offers include two standard contingencies: a financing contingency,
which makes the sale dependent on the buyers ability to obtain a loan commitment
from a lender, and an inspection contingency, which allows buyers to have
professionals inspect the property to their satisfaction. A buyer could forfeit
his or her deposit under certain circumstances, such as backing out of the deal
for any reason not stipulated in the contract. The purchase contract must
include the seller's responsibilities, such things as passing clear title,
maintaining the property in its present condition until closing and making any
agreed-upon repairs to the property.
Back to Top |
|
Division of Hotels and Restaurants
Landlord and Tenants Laws
Department
of Business and Professional regulations
Division of Hotels and Restaurants
1940 North Monroe St
Tallahassee, Fl, 32399
Back to Top |
|
No one knows for sure where rates are headed. Beyond public policies put in
place by the Federal Reserve Board, there are no laws that govern mortgage
rates. Historically, usury laws were used to prevent lenders from charging
sky-high interest rates when lending money. But in some states where there are
usury laws, banks, thrifts and a number of other financial institutions are
exempt from the law. Today, interest rates are governed solely by the financial
markets and by the Federal Reserve Board action, neither of which can be
predicted with absolute certainty.
Back to Top
|
|
In who’s name are funds held?
Requirements for deposit and
withdrawal
Where (institutions) are funds held?
Back to Top |
|
A good qualified intermediary
will do more than just assist you with the cash proceeds management during an
exchange. A successful exchange requires careful structuring both prior to and
during the process to ensure the maximum allowable tax benefits with minimum
risk.
Back to Top |
-
The benefits of the Tax Deferred Exchange.
-
An overview of the different forms of exchanging.
-
The determination of “ like kind “ Property.
-
The effects of a sale versus an exchange.
-
Important new issues and procedures to be aware of. ( Consult A Tax
Attorney)
-
Requirement that the exchange be completed not more than 180 days
after
transfer of relinquished property.
-
The exchanger must identify potential replacement property in writing, by
midnight of the 45th day from the closing of the escrow account.
Back to Top |
The exchange must meet two important time requirements. The property to be
received in exchange must be identified in writing within 45 days after the date
of transfer of the property being given up , and in addition the property being
received must be transferred before the earlier of a) 180 days after the date of
transfer being given up or b) the due date of the taxpayer’s tax return for the
year in which the old property was given up. If these time requirements are not
met, the exchange will have failed.
Back to Top |
|
The properties exchanged must be of like-kind. For exchange purposes, all
real estate is considered to be like- kind as long as it is used for business or
investment. Like-kind does not mean that the property must look alike. In fact
improved property can be exchanged for unimproved property and city property can
be exchanged for country property. Real estate property outside of the United
States is not considered like-kind with the exception of real property located
in the Virgin Islands.
For more information about the 1031 exchanges,
please consult a Real Estate Tax Attorney.
Back to Top |
| |
1000 Ponce de Leon Blvd
Ste # 332 2901 SW
8th Street Ste # 201
Coral Gables, Fl 33134 Miami, Fl
33135
Phone:(305) 445-7212 Phone:(305)
642-9384
Fax: (305)
448-8575
investment@delvalle-international.com
|
