Real Estate Ownership
Among the different modes of real estate ownership change, those that are probably most familiar to you are transmission by sale, donation, exchange and inheritance. All of them affect the market to a greater or lesser degree, but transmission by sale and purchase is the one with the highest incidence.
From liability pitfalls to tax advantages, each type of property ownership brings unique benefits and drawbacks – and it’s important to be fully aware of them before you invest. In this post, Riverside Abstract, a title insurance company from Brooklyn, will explore the different types of property ownership in real estate.
When referring to it, we must not forget that we are handling legal terms, so it we should remember that the sale is a contract by which one of the contracting parties agrees to transfer ownership of a limited thing and the other party agrees to pay a certain price.
The evolution of the transaction figures allows you to monitor the behavior of the housing market, identify its growth and decline transactions, and in short, take the pulse of demand in that market. In fact, real estate transactions by purchase and sale, are the main indicator of demand in a given housing market.
The National Statistics Institute publishes very complete statistical information regarding the Transfer of property rights based on information obtained from the Business Registrars. However, the information is only offered at a national level, by state and city. However, as Riverside Abstract title experts explain, there is an alternative, which provides information broken down by municipalities, which is the statistics of the real estate agencies published by the Ministry of Development. This statistic provides you quarterly with specific information on the figures of the purchases and sales of homes raised to public deed before a notary, from all municipalities.
How to use information from real estate transactions?
The importance of this information is unquestionable and, nevertheless, it is a relatively new resource because the first data on the sale of housing broken down by municipalities are just over a decade old. It must also be recognized that the information is extremely useful when applied in medium and small municipalities, but it is very diluted in large capitals where a breakdown by neighborhood or district would be necessary, which, at the moment, is not included in the Development statistics. As previously stated, the figures for each municipality are published on a quarterly basis.
Next, we're going to review the different readings that can be done from these data. Know the activity of your housing market To have an overview of the situation in your market you need to know the activity rate or turnover of the housing market in your municipality. In other words, the relationship between the number of purchases of selling made during the last twelve months and the number of existing dwellings. The activity rate helps you compare various markets, so it is convenient to calculate it, also, referring to the national total or to any other area, municipality or province that you are interested in comparing.
Before you enter into an agreement, it’s important to ensure you’re fully informed about the legal, tax, and practical implications of your chosen form of property ownership. For more information on this complex topic, visit Riverside Abstract blog.
From liability pitfalls to tax advantages, each type of property ownership brings unique benefits and drawbacks – and it’s important to be fully aware of them before you invest. In this post, Riverside Abstract, a title insurance company from Brooklyn, will explore the different types of property ownership in real estate.
When referring to it, we must not forget that we are handling legal terms, so it we should remember that the sale is a contract by which one of the contracting parties agrees to transfer ownership of a limited thing and the other party agrees to pay a certain price.
The evolution of the transaction figures allows you to monitor the behavior of the housing market, identify its growth and decline transactions, and in short, take the pulse of demand in that market. In fact, real estate transactions by purchase and sale, are the main indicator of demand in a given housing market.
The National Statistics Institute publishes very complete statistical information regarding the Transfer of property rights based on information obtained from the Business Registrars. However, the information is only offered at a national level, by state and city. However, as Riverside Abstract title experts explain, there is an alternative, which provides information broken down by municipalities, which is the statistics of the real estate agencies published by the Ministry of Development. This statistic provides you quarterly with specific information on the figures of the purchases and sales of homes raised to public deed before a notary, from all municipalities.
How to use information from real estate transactions?
The importance of this information is unquestionable and, nevertheless, it is a relatively new resource because the first data on the sale of housing broken down by municipalities are just over a decade old. It must also be recognized that the information is extremely useful when applied in medium and small municipalities, but it is very diluted in large capitals where a breakdown by neighborhood or district would be necessary, which, at the moment, is not included in the Development statistics. As previously stated, the figures for each municipality are published on a quarterly basis.
Next, we're going to review the different readings that can be done from these data. Know the activity of your housing market To have an overview of the situation in your market you need to know the activity rate or turnover of the housing market in your municipality. In other words, the relationship between the number of purchases of selling made during the last twelve months and the number of existing dwellings. The activity rate helps you compare various markets, so it is convenient to calculate it, also, referring to the national total or to any other area, municipality or province that you are interested in comparing.
Before you enter into an agreement, it’s important to ensure you’re fully informed about the legal, tax, and practical implications of your chosen form of property ownership. For more information on this complex topic, visit Riverside Abstract blog.
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