FAQs

What services does Onepeople Realtors offer Property owners

We provide full-service property management for single family homes, and apartments.  We understand how difficult it can be for residential property owners to manage their properties and their day to day life; That is why we offer a full suite of services to relieve property owner stress, such as tenant placement, credit screening, property inspections, collections, maintenance, bill payments, evictions, and monthly financial reporting.

What should I consider before selling my property

We will inspect, and prepare your property to attract buyers.

As a Vendor your total fees vary between 12.5% – 14.5%

I have to make a choice between an updated home in an older neighborhood or a newer home in a more modern neighborhood. The home in the older neighborhood has almost everything I want and is much larger, but which makes the most sense as an investment?

If your goal is to buy a home for it’s resale value and the one you are thinking of buying in the older neighborhood is at the upper end of values for that neighborhood, then it may not be the wisest choice. If it is similar or lower in price to the others, then there should be no problem, because pricing should be considered in relation to the local neighborhood and not compared to homes in other neighborhoods (for the most part)

Plus, is it a neighborhood on the decline, or are others going to be fixing things up, too, so that it is a neighborhood that is improving? It could turn out to be a very good deal as long as you don’t “overpay” because of the recent improvements.

Remember that you also buy a home for it’s value to you as a “home,” and that is something else you should consider. Which neighborhood would you AND your family feel most comfortable in?

What are the prerequisites for buying a property

For non-citizens a license is required to purchase property. The fee is 5% of the value of the property. Plus the standard 2.5% buyers fee

2. For vacant land, the building must be completed in compliance with the non-citizen’s license terms

3. For citizens, government  fees to the buyer is 2.5% and to the seller it is 7.5%

4. Property taxes are assessed

5. Transfer fees are payable by the purchaser for registering the acquired property on his/her name. 2.5% for the 1st $25,000, 2% for the 2nd $25,000, and thereafter $50,000 buyers pays 1% for every $1,000

6. Most properties are freehold

7. Legal costs starts from 1.5%  of the value of the selling/purchasing price

8. Properties are registered at the Land Registry

9. Real estate agent commissions are from 5% to 10%

10. Property management fees vary from 10% – 20%.  Rental commissions are negotiable and is based on the value of the lease

11. Withholding taxes are 12% of net rental income for non-residents

12. Insurance coverage is approx. 2.0% of insured risk; deductible of 2% includes earthquakes and named storms

13. Bank financing is available

14. Most homes are serviced by a septic tank and require cisterns

15. Most properties are serviced by APUA, the government’s electricity, water, telephone (landline and mobile) company

16. Cable TV, cell phones and Internet service are provided by private companies