Commercial Real Estate

Century 21 Premier Lifestyles

I NEED clients, and the professionals that work with them.  Accountants, lawyers, insurance agents, and financial planners are the people that tell us what we need to know. 

There are several ways that investment property should make money for you every year.  Cash flow, appreciation, and depreciation allow you to add to your net worth every year.  Cash flow should pay all expenses and overhead plus give you a 5% or more return on your investment every year.  Rent obsolescence is when you can no longer raise the rents to keep up with increasing costs of insurance, property taxes, etc.  Appreciation should mean that the property is worth more every year.  When appreciation is less than the rate of inflation you actually have less net worth.  Depreciation allows a tax deduction that lowers your taxes every year till the property is fully depreciated.  After about ten years you will be getting about 50% less of a tax benefit than if the tax basis of the property were current. 

The professionals like your accountant will recognize the propensity for these events to occur.  I can recommend a professional to review your situation if needed.  Refinancing might allow you to update the tax basis of the property.  The IRS Rule 1031 would allow you to defer capital gains, vacate a neighborhood in atrophy, reinvest in an area on the rise, and increase the depreciation deduction.

You, your parents, your children, and their children need to know that the family is represented by a REALTOR when any Real Estate question arises.

Being a REALTOR is a service business. 

My rolodex of business cards is always available for “who to call” questions.

Rely on me for Real Estate

Marketing, Buying, & Investing

1318 Highland Oaks Dr. Unit D, Ballwin, Mo. 63021

FOR SALE $125,490

Reply to: dpuntiga@charter.net


Spacious and open condominium, with 1006 square feet of living area.

Features
Kitchen with dishwasher/stove/microwave/double door refrigerator
Dining area with large window
Living room with triple width window
Laundry room/closet 5 x 3
Two full Baths / condo has wired smoke alarms
Bedroom with 4 x 8 walk in closet and about 5 x 10 deck
Master bedroom larger than 13 x 12 with oversize closet
Includes almost all window treatments, washer, dryer, and refrigerator
Pergo flooring through entire condo and ceiling fans in most areas
Single car garage with opener
Private secure indoor storage area 12 x 10
additional parking available for guests
Association pays trash, water, sewer
Electric bill on the budget plan was $59 per month last year
The heating/cooling unit and hot water heater are all less than two years old

For additional information visit http://dwightpuntigan.point2agent.com/
For directions and more info visit http://www.visualtour.com/show.asp?T=1365529
MLS 80006002 View Listings
 

1318 Highland Oaks Dr. Unit D at Pocono Trail   google map   yahoo map

 

 

 

Residential Lot - 5 Acres - backs to Innsbrook - $59,950.

Details

Address: 1307 Paisley Plc Type: Farm / Acreage Style: Single Story Lot Type: Rectangular Lot Size:  5.04 acres  n/a "356 foot road frontage" in Boone Trail Estates MLS: 774746

Description

Acerage to build on in a private setting, yet close to Interstate 70. The front part of the lot is an open area with enough slope to build a walkout out or an atrium style home as some of the neighbors have done. About halfway back on the lot is a small pond that the cattle used to use. The back part of the lot is overgrown with brush, but has some trees worth saving. The lot backs to Innsbrook, and has a view of fairway and green. There are several lakes and ponds in the area.

Highlights   ▪ Electric and Phone are available ▪ Could be a Park Like setting.

Virtual Tour

MLS® #774746   $59,950 Under $60,000

                                                         Century 21 Premier Lifestyles


 

Dwight Puntigan Email Dwight   Phone: 636-947-6100 Home: (636) Cell: (636)219-6242 Fax: (636)947-6108   http://www.stcharleshousing.com/ http://stcharleshouses.tripod.com/ http://dwightpuntigan.point2agent.com/ http://stpetersrealestateinvestment.2trom.com/ http://seniorplanningdwightpuntigan.bravehost.com/ http://www.visualtour.com/inventory.asp?u=121889 http://activerain.com/dpuntiga/

 

WORKING WITH YOUR REAL ESTATE ATTORNEY 

By

     Purchasing or selling a home will probably be one of your largest and most important financial transactions.  Before signing a contract to purchase or sell a home, both buyer and seller should consult an attorney to assure that the real estate transaction will be handled legally and professionally.

     Although an attorney is not a required part of the process, particularly in many states where escrow companies will attend to all closing transaction details, an attorney can protect your interests and help you resolve any potential legal problems before entering a legally binding contract.

     Sometimes buyers feel the need to sign a contract quickly and don’t have time to initially consult an attorney.  In these cases, buyers can include language in the contract that will allow their attorney time to give final approval on the agreement – usually within three to five business days.  This allows both buyers and sellers to expedite the contract process without fear of inadequate legal representation.

     Sellers and buyers alike should familiarize themselves with the real estate transaction process before selecting an attorney.  Learning the formal steps in the transaction will help buyers and sellers choose the right attorney and proceed with confidence.  Throughout the process, attorneys should attend to a variety of responsibilities, including consultation prior to the signing of the contract, preparing or approving the contract, examining documents and supervising the closing of the transaction.

     The attorney should be responsible for preparing or evaluating documents which may be necessary for completing transfer of the property.  There are usually several documents to prepare in any real estate transaction, and the attorney can evaluate and explain each document to the buyer or seller whom he or she represents.  The deed, the bill of sale, mortgage, promissory note, title commitment and the closing statement are only a few of the important documents that an attorney should review with the seller or buyer prior to the closing.

     One of the attorney’s most important responsibilities in the real estate transaction is to determine the condition of the seller’s title to the property.  Through this process, the attorney will discover if the seller is the legal owner of the property and if there is an unpaid mortgage or lien which must be settled before the title to the property can be properly transferred.  The attorney will also discover any restrictions or easements which are on the property and the status of any unpaid property taxes or assessments.

     The buyer, the seller and their attorneys usually appear together at a final meeting to review all closing documents.  As this meeting, usually referred to as the “closing,” the attorneys help explain, sign and exchange the documents and approve or clear up any remaining financial matters relating to the transaction.  After the transaction is closed, an attorney will attend to any final details such as properly recording the deed, mortgage or other necessary documents and issuing title insurance policies.

     Many attorneys are specialized, and it is important that you choose one who knows real estate terminology and real estate transaction processes.  Before hiring someone, you should discuss all the details of the transaction with your possible candidate, including all legal costs you will incur.

          The attorney’s duty in any real estate transaction is to provide legal expertise.  Through sound advice and thorough execution of all legal responsibilities, a good attorney will help you complete your transaction swiftly and with confidence.

There are several websites that I am constantly working on.  The home improvement page, INMAN real estate news, economic news, are updated by RSA feed, and the blog page takes care of itself.  Marketing information is available on several sites and pages.  MLS searching is available in about five different formats.  First time  home buyers, those needing down payment assistance or lease purchase-option, credit repair and budgeting, growing families, relocation, and buyers information pages are available.  All the senior planning, downsizing, reverse mortgage, trust, medicaid links, and senior housing pages will get additional attention.  Each website has pages on real estate investment, 1031 exchange, and tenants in common information.