Lancaster suites condotels investment concept

After a condotel unit owner signs up with the hotel management team who will operate the project as a world class serviced apartment, they join the rental pool.

Aside from appreciation of the property, pool mebers receive a steady monthly income based on the size of their unit regardless of whether said unit was leased or not. This is because the hotel management will pool together total income of the entire hotel and distribute this to unit owners net of any expense based upon unit floor area. This makes the investment cost efficient and practically risk free.

Unit owners in the rental pool enjoy totally hassle-free CONDOTEL management. They need not worry about unpaid electricity bills, unpaid rent, and other problems so common in conventional leasing. All concerns, down to the payment of electricity bills and utilities are taken cared of by the professional hotel management operator. Unit owners can sit back, relax, and wait for their monthly rental income from anywhere around the world. Pacific Concord Properties, Inc., Flagship Lancaster Suites Condotel [Manila] development located along Shaw Boulevard, Mandaluyong City, Metro Manila, one of the hottest Condotel Investments in the Philippines

Beth Collingz - Director

PLC International Marketing Networks

Pacific Concord Properties Inc., Head Office

Shaw Boulevard, Mandaluyong City.

Metro Manila. Philippines

Advantages in joining a mls real estate listing

When you choose to sell your home on your own, you want all the help you can get. Though you can save thousands by skipping the commissions of a realtor, you put yourself at a marketing disadvantage. That is why you need to get your property listed on the multiple listing service (MLS) for realtors. There are many advantages in joining a MLS real estate listing. A look at them will show you that paying a flat fee to get a “for sale by owner” listing on MLS is well worth the money and effort.

The first of many advantages in joining a MLS real estate listing is that it is the key to sales success. Did you know that about four of every five home buyers get to the property they want through the MLS? By being listed on MLS, you will have most every real estate sales person in the region working for you. Most flat fee MLS listing services will keep you on for as long as 6 months, but in most cases you wont need that long with exposure to so many realtors, brokers, and customers.

The second of the advantages of joining a MLS real estate listing is that you are saving as much as 2% to 3% on yrou sale. Though that does not sound like a lot, it is actually $2000 per thousand you sell meaning you could end up saving as much as $20,000 or $30,000 on the sale if you skip the realtor and pay the flat fee to list on MLS.

Thirdly, one of the advantages in joining a MLS real estate listing is that you will be seen. If you are selling as a for sale by owner, then you have to hope someone “accidentally” drives by your home or sees it in the newspaper by chance. Also, even if a realtor drives by, they will likely not show a home that is not MLS listed. If you are on MLS, though, you will come up in searches and have your house shown with much more frequency. It works much better when luck is taken out of the equation.

Finally, it is just good sales and business sense to list on MLS. Far and away, MLS is the best way to sell your property fast and for a price you like. Since the internet is considered the second best value and power versus reasonable cost for property, listing on MLS gives you the exposure you need.

There are many many advantages in joining a MLS real estate listing service. You will find that your home is better marketed, that you don’t have to rely on the luck of a drive by, that you save a great deal of money, and that you are linked in with thousands of realtors who essentially end up working for you. So if you are going to sell your home yourself, you should find a flat fee or free MLS listing service so that you have the best possible chance of selling your home quickly and at a price you want.

Real estate investing guide the difference between income tax and property tax

Just like in any other business, real estate investing would require you to pay different kinds of taxes. Two of which are income tax and property tax. To know the twists and turns of real estate investing, you should know what these taxes are, when do you pay them and their difference.

Income Tax

As the name suggests, income tax is tax that is deducted from your income. It is charged on the financial income of people, corporations or further legal entities. There are different systems of this kind of tax coupled with different degrees of incidence. Charging this kind of tax can be proportional, progressive or regressive.

When tax is imposed on incomes of companies, then this may be called corporate tax, profit tax, or corporate income tax. Tax from the earnings of an individual is usually charged from his total income. But in the case of corporations, the tax is usually charged from the net income of the corporation.

In terms of real estate investing, income tax comes in when you are profiting or having income from your property. For example, you have invested in a piece of land and leased it, then you would have to pay income tax from the income you get from your rentals.

This includes your gross income or all amounts that you received as rent. Rental income is considered to be any payment that you received for the use or the occupation of your property.

However, the positive side effect of charging income tax in real estate investing is that you can deduct different expenses of renting property from your total rental income. Generally, the rule is that you deduct your rental expenses during the year in which you pay them.

Expenses that you can deduct include advertising, cleaning and maintenance, utilities, insurance, taxes, interest points, commissions, tax return preparation fees, travel expenses, rental payments and expenses on local transportation.

If you are a taxpayer under cash basis, you usually report your rental income on your return in the same year that you constructively or actually received it. You fall under this category if you report income the same year that you receive it, despite the month you earned it.

Property Tax

In real estate investing, you also pay property tax. This is also known as millage tax. Property tax is said to be an ad-valorem tax, where a property owner pays depending on the value of the property being charged.

There are basically three different kinds of property. First is land, then your improvements to the land, such as buildings; and last but not the least, personality like manmade objects that are movable.

Real property, real estate and realty are all terms used to pertain to the combination of improvements and land. In real estate investing, the taxing authority usually requires or does an appraisal of the property's monetary value, and then tax is assessed in ratio to the value.

If you really want to get into real estate investing, then you should know what form of property tax that is used in the municipality you are investing in.

One common mistake that real estate investors make is their confusion between special assessment and property tax. These are actually two different forms of taxation. One is an ad-valorem tax, which highly relies on the property's fair market value for justification, while the other highly depends on a special enhancement that is called a benefit for its justification.

In real estate investing, the rate of your property tax usually comes in percentage form. To calculate your property tax, you multiply the assessed value of your property with the mill rate and then divide them by one thousand.

Iowa real estate farmland corn and family living

Iowa is definitely a farming state and corn is the dominant crop. Fortunately, Iowa real estate won’t take a large bite out of your bank account.

Iowa

Iowa is known for predominantly being a farming state and some people might view this as a bit boring. Such an assumption would be incorrect as Iowa has a lot to offer in other areas including museums, historic sites, river sports and a good bit of fun on large casino gambling boats. Iowa definitely provides for slower pace of life, but that isn’t so bad in these hectic times.

Iowa City

Home to the University of Iowa, Iowa City has a definite college town atmosphere. Outdoor cafes litter the city and as do collections of coffee shops and odd little stores. Walking in Iowa City is highly recommended. You can expect to stroll through tree-lined streets full of families and students casually getting on with their day.

Des Moines

The capital of Iowa, Des Moines is located near the merge of the Raccoon and Des Moines rivers. The city isn’t so notable for its attractions as it is for a general atmosphere. Set on rolling hills, many of the neighborhoods are of the traditional white picket fence variety. Turning to celebrity trivia, John Wayne was born in Des Moines. On the business front, Des Moines is farming and insurance dominated with the city being the home of the third most number of insurance companies in the world. If you’re a first time homebuyer raising a family, you could do far worse than Des Moines.

Iowa Real Estate

Iowa real estate is some of the cheapest in the country. A single family home will cost a little over $200,000 on average in Iowa City. The same home will set you back roughly $240,000 in Des Moines. Unfortunately, the appreciate rate for Iowa in 2005 was a disappointing 5.5 percent.

How to really declutter your home for buyers

Your real estate agent has come to your house to assess what needs to be done to sell it the quickest. The word, "declutter," continues to come up. You assure your agent that you are a very neat person and that everything will be clean when the potential buyers come to view it. Many sellers encounter the same situation each day. What agents wish their clients would understand is that decluttering is more than just keeping the baseboards dust-free and the countertops wiped down. Try some of the following tips and wow your real estate agent, and especially, your buyers.

With pen, paper and clipboard in hand, tour the outside of your home, then the inside. As much as possible, pretend that you don't own the house and even that you've never seen the place. You will quickly see what your real estate agent meant by decluttering when you use this new perspective. Write down anything which is the least bit offensive to the eye, including unruly hoses, toys in the front yard, a busy mantle above the fireplace and newspapers stacked up in the laundry room. The list will seem longer the more times you go through the process. However, the more you notice, the more prepared your home will be for eagle-eyed buyers.

The biggest stumbling block for sellers preparing their home for the market is their lingering attachment to their house. From repainting a room neutral, to taking family photos off the wall, sellers must accept that their time in that particular house is coming to an end. To counteract this mental block, take your most personal items out of rooms first. Get plenty of clear plastic tubs, or boxes to store your items. Treat the decluttering process as if you are preparing a model home for viewing. In order to sell your home, you have to give the buyers room to imagine their personal belongings. Little forward-thinking daydreams about decorating your new abode should also counteract those strong attachments.

A good round of decluttering will often leave you with a pile of boxes and bins to contend with. Although stacking them up in a closet seems like a nice, out-of-the-way option, this may not be the best choice. Consider that closet space is often one of the key selling points for a home. Closets should look as impeccable as possible. This will aid greatly in creating a spacious feeling. If the closets are crowded and messy, the buyer may think that your home is just not big enough, even if it has the square footage they want.

Your garage is the most acceptable place for storage in the mind of the buyers. Of course, not everyone has this luxury. If you can convince a family member, friend, or even a neighbor to let you store those boxes and crates, then take advantage of the opportunity. However, if you really need or want your storage items in the house, then try to stack them up in the least conspicuous place you can find. A playroom or basement can usually stand to have a few of these bins stashed in the corner. Better yet, think about renting a temporary storage facility to house these things.

Despite all your efforts, be prepared to hear your Tampa Bay Florida real estate agent tell you that you still have too many belongings cluttering the house. If this happens, just remember that they're on your side and that they're the expert. Also, remember that a well-decluttered house is your quickest ticket to a "Sold!" sign.

Investing in short sale property

With the greater number of property foreclosure incidents occurring across the whole of United States, more and more people are being forced to short sale their homes in order to avoid foreclosure auction, thereby losing home. Short sale is proving to be highly beneficial to all these homeowners by settling their due mortgage at a much lesser rate than what they actually owe to the bank or the lender organization, that is, less than the loan balance. Moreover, since they are under the threats of facing foreclosure and obviously are short of real money, they can hardly avail the traditional means of selling their homes through realtors or to other prospects. The obvious choice for them remains property, thereby avoid foreclosure short sale and it is to this beginning that the real estate industry in the US is gaining on some real momentum.

The market is flooding with properties that are priced quite down to earth and this is providing the real investors of the US and overseas with some valuable opportunities to earn some real cash. In fact, the earnings you can expect from investing in short sale property can vary anywhere between $25,000 and $200,000 or beyond, the sum being contingent upon your investment, your investment pattern, the location of investment and so on and so forth. Most of the times, you can expect to get a short sale property at only 60% of the original rate, which you can sell in the open market, after necessary refurbishments, to earn you over 30% of the price value of the property under concern.

However, how much profit you make is determined by your vision and certain aspects that you need to keep in mind in order to make a deal worthy of investment. Let yourself be open to several options in investment, although keeping in mind what would fetch you more returns and which would not. Deciding on a particular property for investment is of crucial significance as your choice can make or break a deal in no time at all. Always predicate your choice of property on the ability to make profit out of it – for instance, take into consideration the location of the property and how viable it will be in the open market, when you intend to sell it at a later point in time.

Assess the property of your concern very well before you opt to buy it. For example, consider the number and extend of repairs and refurbishments you will need to do in a particular property to make it viable to a general buyer. Remember, every dollar you put in for repair or refurbishment is a part of your investment and it will definitely affect the returns you wish from it. However, if you foresee good profit opportunities, investing after a property will not be a bad deal. For this you need a general understanding of the real estate market and its forces. It is advisable to consult a short sale expert agency for their assistance in this domain. From negotiating with a seller to that with the concerned mortgage authority - the short sale experts - they will best help you address every aspect involved in the closing of a successful real estate deal.

Real estate terms from condominiums to deeds of trust

When buying or selling a property, it always helps to have a basic understanding of real estate terms. In this on going series of articles, we take a look at definitions starting with “condominium.”

1) Condominium - A type of ownership in real property where all of the owners in a collection of properties jointly own everything except the interior of each property. Accordingly, the jointly area is run by a homeowner’s association, which can assess fees to the owners for improvements, etc.

2) Contract, or Sales Contract, or Contract of Purchase and Sale – the agreement between buyer and seller. In most jurisdictions it must be in writing in order to be enforceable. It covers such things as the identity of the property, the purchase price, any conditions of the sale, the settlement date or escrow period, when the buyer will occupy the property, etc.

3) Contract for Deed – a written document which provides that Deed does not pass to the buyer until the final payment has been made. In the event of default by the buyer, the property reverts to the seller. (One sees these occasionally. I’ve seen them when an owner was financing the sale of raw land for a buyer.)

4) Deposit, or Good Faith Deposit – an amount of money tendered by the buyer at the time a contract offer is made on real property. The contract spells out who holds it, and circumstances under which the seller gets it, and circumstances under which it’s returned to the buyer. Typically, the seller gets it as part of the purchase price at settlement, or as liquidated damages if the buyer defaults. The buyer usually gets it back if a condition of settlement is not met.

5) Deed – the written document which conveys title to real property. Some states are “record” states and ownership is defined by the deed’s being recorded at the courthouse in which the property lies.

6) Deed of Trust – the document which allows a third party to act for the lender should the lender need to forclose on real property used as collateral for a loan.

As you can image, there are many real estate terms for which you have a general understanding. In our next article, we continue with the terms starting with “Easement.”

Buying a home in rancho santa fe

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Homes in Rancho Santa Fe

For those who like a little more luxury in their lifestyle a home in idyllic Rancho Santa Fe, California is just the ticket.

This exclusive location is the favoured home to the super-rich and the famous, as a quick scan through the list of past and present residents of Rancho Santa Fe's luxury houses, mansion and developments will show. It is also the highest income community (with at least 1000 households) in the United States. It's zip-code - 92067 - is also listed in Forbes Magazine as being the second most expensive zip-code in 2006.

Rancho Santa Fe California Real Estate

Rancho Santa Fe properties have to be designed within strict restrictions. This means that many of the houses of Rancho Santa Fe cannot be seen from the road-side, due to the fact that they sit within large land-scaped grounds and gardens.

Apart from the downtown area, which exists aroung the intersection of Linea del Cielo/Paseo Delicias and La Granada/Via de Santa Fe, the region is nearly exclusively residential - the only other buildings being Golf Clubs and Country Clubs.

All of this means that the entire region of Rancho Santa Fe is a beautiful part of the world to live in, and this makes Rancho Santa Fe Real Estate highly sought after. Rancho Santa Fe houses therefore makes excellent investment properties.

The prices of homes for sale in Rancho Santa Fe range from condos for sale from just over $500,000 to elegant mansions priced at well over $8,000,000 in the more sought-after sub-divisions.

Rancho Santa Fe Homes Information

There were 1,204 households at the time of the 2000 census, for which the median income was in excess of $200,000. The population is broken down as follows:

- 25.9% under the age of 18
- 2.9% from 18 to 24
- 17.7% from 25 to 44
- 33.0% from 45 to 64
- 20.5% who were 65 years of age or older

Buying a home in Rancho Santa Fe

Rancho Santa Fe is broken down in to the following sub-divisions, all of which provide their own unique flavour of luxury and decadence:

The Bridges
Cielo
Covenant
The Crosby Estate
Del Mar C. C.
Del Rayo Downs
Fairbanks Ranch
The Groves
Hacienda Santa Fe
Las Villas
Montecito
Non-Covenant
Rancho Del Lago
Rancho Del Rio
Rancho Diegueno
Rancho Farms Estates
Rancho Glens
Rancho La Cima
Rancho Santa Fe Farms
Rancho Santa Fe Lakes
Rancho Santa Fe Meadows
Rancho Valencia
Santa Luz
Senterra
South Pointe Farms
Spyglass
Stonebridge
Stratford
The Summit
The Tuscan Estates
Whispering Palms