Happy President’s Day

PresidentsDay

 

Wishing you a Happy President’s Day

FROM YOUR FRIENDS AT PCT.

“If your actions inspire others to dream more, learn more, do more and become more, you are a leader.”  -John Quincy Adams

In observance of President’s Day all of our Pacific Coast Title Branches will be closed on Monday February 20th. We will be resuming business as usual on Tuesday February 21st.

As always, please reference Pacific Coast Title  Company on your next title order.

Targeting

Targeting Real Estate Goals?

TARGETING SPECIFIC REAL ESTATE GOALS?

Let us help you hit your target.

If you are looking to hit your real estate goals in 2017, below you will find 4 tools that can help get you started.

  1. SALES SNAPSHOT REPORT
    1. Find out the latest activity in your farm
      area. Get the turn-over-ratio, owner vs
      renter ratio, avg. price per square
      footage & more!
  2. UPDATED FARM PACKAGE
    1. Now that we have our farm area stats
      it’s time to order an updated farm
      package. Get it in PDF, CSV, mailing
      labels, or all three.
  3. PACIFIC COAST INSTANT PROFILE
    1. If door-knocking is part of your marketing
      plan then our walking farm app is the
      perfect tool. Draw your walking order,
      make notes, classify leads & more!
  4. * PACIFIC COAST AGENT 3.0 LITE
    1. Our app makes number crunching a
      breeze. Quote buyer estimates, send
      sellers netsheets, and market on social
      media all from our app.

Have a question about one of these tools?
Let’s setup a meeting today.

Wow Potentional Buyers with our Pacific Coast Agent 3.0 App

AffordabilityCalculator

 

Our Pacific Coast Agent 3.0 is the ultimate number crunching tool for your next open house.

Working with potential buyers is an exciting and detailed process. Did you know that our Pacific Coast Agent 3.0 Pro app includes several calculators that can help you answer a prospective buyers questions. Below is a list of calculators which you can use to educate visitors at your next open house.

Quick Estimate
Gives you the ability to generate a quick estimate of fees & payment associated with a specific home.

Rent Vs. Buy
Explains how much money can potentially be saved if a one decided to purchase rather than rent.

Qualify
Shows a potential buyer how much home they can afford based on their household income and debt.

Monthly Affordability
Shows a potential buyer how much home they can afford based on their desired monthly payment.

Extra Payment
Helps show how much money a homeowner can save if they extra money towards their principal

Marketing Center
Provides some great illustrations aimed for buyers that can be emailed or shared on social media.

Farming Vs Prospecting : Knowing the difference

An arrow hits one ball within a pyramid, targeting the customer in a large number of prospects

FARMING VS. PROSPECTING

DO YOU KNOW THE DIFFERENCE?

Many listing agents approach us and ask, What tools does Pacific Coast Title have that can help me build my business? The reality is, we have a two handfuls of tools that are proven to help realtors grow their
business but we always end our answer with the following: “One of the best tools/service we can provide is helping you establish your farm area.”

FARMING VS. PROSPECTING…

Realtors often think that these are synonymous with each other but the truth is they are actually very different. Prospecting can be described best as handing out real estate flyers standing outside of a grocery store hoping you might peek the interest of a passerby. Farming is when you precisely target a particular demographic or set of individuals with pinpoint accuracy.

A NUMBERS GAME?

In sales the perception tends to be the more phone calls, doors I knock, or hands I shake the better my chances will be. In some cases this might work, however, to achieve longevity and success in real estate we suggest that realtors take a more analytical approach to when targeting their audiences. Why? To help save you time, money, help increase
your success rate.

HOW WE CAN HELP YOU FARM MORE EFFECTIVELY?

  • Selecting a farm area
  • Calculating turnover ratios
  • Providing an area sales analysis
  • Help you decide how big should your farm be?
  • Create a digital walking farm
  • Identifying absentee owners
  • Creating specific farming criteria
  • Sales snapshot report

These are only a few of the great things that we offer to help you grow your business. We have an entire farming department dedicated to helping providing all of the necessary farming information that you will need.

Let’s Set a Farming Appointment Today to Begin Building Your Business.

8 Things to know about 1031 Exchange

IPA_Infographic

So What is a 1031 Exchange?

So what is 1031? Broadly stated, a 1031 exchange (also called a like-kind exchange or a Starker) is a swap of one business or investment asset for another. Although most swaps are taxable as sales, if you come within 1031, you’ll either have no tax or limited tax due at the time of the exchange.

 

1. A 1031 isn’t for personal use.
The provision is only for investment and business property, so you can’t swap your primary residence for another home. There are ways you can use a 1031 for swapping vacation homes, but this loophole is much narrower than it used to be.

2. But some personal property qualifies.
Most 1031 exchanges are of real estate. However, some exchanges of personal property (say a painting) can qualify. Note, however, that exchanges of corporate stock or partnership interests don’t qualify. On the other hand, interests as a tenant in common (sometimes called TICs) in real estate do.

3. “Like-kind” is broad.
Most exchanges must merely be of “like-kind”–an enigmatic phrase that doesn’t mean what you think it means. You can exchange an apartment building for raw land, or a ranch for a strip mall. The rules are surprisingly liberal. You can even exchange one business for another. But again, there are traps for the unwary.

4. You can do a “delayed” exchange.
Classically, an exchange involves a simple swap of one property for another between two people. But the odds of finding someone with the exact property you want who wants the exact property you have are slim. For that reason the vast majority of exchanges are delayed, three party, or “Starker” exchanges (named for the first tax case that allowed them). In a delayed exchange, you need a middleman who holds the cash after you “sell” your property and uses it to “buy” the replacement property for you. This three party exchange is treated as a swap.

5. You must designate replacement property.
There are two key timing rules you must observe in a delayed exchange. The first relates to the designation of replacement property. Once the sale of your property occurs, the intermediary will receive the cash. You can’t receive the cash or it will spoil the 1031 treatment. Also, within 45 days of the sale of your property you must designate replacement property in writing to the intermediary, specifying the property you want to acquire.

6. You can designate multiple replacement properties.
There’s long been debate about how many properties you can designate and what conditions you can impose. The IRS says you can designate three properties as the designated replacement property so long as you eventually close on one of them. Alternatively, you can designate more properties if you come within certain valuation tests. For example, you can designate an unlimited number of potential replacement properties as long as the fair market value of the replacement properties does not exceed 200% of the aggregate fair market value of all the exchanged properties.

7. You must close within six months.
The second timing rule in a delayed exchange relates to closing. You must close on the new property within 180 days of the sale of the old. Note that the two time periods run concurrently. That means you start counting when the sale of your property closes. If you designate replacement property exactly 45 days later, you’ll have 135 days left to close on the replacement property.

8. If you receive cash, it’s taxed.
You may have cash left over after the intermediary acquires the replacement property. If so, the intermediary will pay it to you at the end of the 180 days. That cash–known as “boot”–will be taxed as partial sales proceeds from the sale of your property, generally as a capital gain.