Real Estate suggestions

DC Fawcett’ Real Estate suggestions for the year of 2017

Exceeding demands and lesser rates of interest have been promoting sales of houses in 2016. And 2017, is going to be one big year, although with a few limitations. Here are the few real estate suggestions from DC Fawcett.

Home prices have started to go for a steep hike. Particularly, in secondary markets, homes are found to be distributed in areas with exorbitant prices.

The vicinities of Seattle, Portland and Denver will perform well in the real estate market in the year of 2017.  The growth of price is expected to be around 10 percent or 11 percent.  If there is a hike in the rate of mortgage in the year of 2017, normalcy will be restored to the sales. There will be only a smaller price appreciation.

The market scenario is likely to be in favor of the seller in 2017. And, by the year of 2018, there will be exceptions with regard to cities as the Atlantic, New Jersey, and Detroit.

As we are going through the latter half of the decade, ownership of home is a viable long term hold and the choicest savings plan.

Real Estate Suggestions

Here are some Real Estate Suggestions from DC Fawcett to keep in touch with the latest market scenario:

    1. Those who buy for first time – Get the home now:

      Those who want to purchase home should do it right away.  Umpteen homes sales are inclined to be for the buyers who are purchasing home for the first time.  The bidding wars are likely to be vehement in the spring.  Also, there will be a very scant inventory this year.  There will also be less competition for a single unit. There will be a greater amount of aspiring sellers.

    2. Those who sell – Hire the appropriate agent:

      Sellers should spend time on skimming for the appropriate agent.  In case of a bad hire, it can cause loss to the seller, and arduous waiting for many months.

      One has to view the agent’s online marketing material and listings.  Does it furnish a good photo or a video? One has to see whether the descriptions are accurate and relevant, and whether they are without much exaggeration.

      One has to confine the search to just a couple of agents.  Keep it in mind to request for sales reports and listings.

    3. Those who are buying – There are plenty of loan options

      Those who are not able to acquire the mortgages can easily get financing of mortgages.  The alluring interest-alone loans have popped up on the menu once again.  Just steer clear of those loans.

    4. For Renters – This might be the best time to purchase

      In many scenarios, rents have a steep hike than the value of the homes. It has to be noted that the rate of mortgages are low.  There is an impending rise of renters who have turned into buyers.  This is the case if they are to be in the place for 10 years after purchasing.

    5. For Sellers – The Option is always open:

      No sooner than you plan to dispose a property, it could materialize. All that is needed is to raise greenery in front of the property.

    6. Sellers and buyers – Make out the market:

      When the inventory goes up, there is the potential buyer’s market.  Sellers must be more diligent about slashing of the prices and the credits that they can acquire.

    7. Buyers – Be careful when buying near a waterside

      While buying near a waterside, be careful about the harsh realities of weather and insurance.  Many people along the coast are forced to buy flood insurance. Some home sellers and agents very easily get away with not revealing the realities.  So, accurate questions have to be raised by the buyers, and they will have to continue researching on their own.

 

One can get more suggestions regarding the real estate through the blogs by Dc Fawcett. The Founder of the Virtual Real Estate Investing Club. That is the right place to see what is visible in the present real estate scenario – buying, selling, or renting.

Effective ways to get profit in real estate

DC Fawcett –Effective ways to get profit in real estate

Real estate business has always been a profitable business because of the simple reason. It always appreciates. If you purchase the land, it is more reliable as profit is guaranteed once you sell it. Even if you take a small house and sell it, your life changes drastically. However, it is not that you become a millionaire overnight. There are certain aspects that cannot be ignored to earn more profits. DC Fawcett suggests the most effective ways to get profit in real estate.

Effective ways to get profit in Real Estate

Flipping is described as a purchasing a revenue generating asset which is resold quickly for profit. Fixing or flipping is not as simple as it is said. When you buy a house that requires some work to fix it up before selling it. It takes time to get the right buyer, right deal, right financing and right contractor. The house needs maintenance from time to time and repairs if required. If there are any repairs and maintenance, do not forget to add that when you are selling the property. The effective ways to get profit in real estate are :

  • Always stick to your numbers

    You need to know what ARV is. The ARV abbreviation is the property’s after repair value which you are going to flip. It is the final amount that the house or they will be sold after it is repaired, rehabbed and has a white picket fence. It means the purchase and rehab cost is 70% of the final selling price. If you quote more than that, you will be inviting trouble for yourself which affects your investors.

  • Know the local market
    More than the real estate news on TV, you need to know what is happening in your town, city, area, etc. You have to be aware of certain factors in your area and locality such as :

    • Do you reside in the area with rising prices?
    • Do you want to buy this property in a transitional neighborhood or established one?
    • What about the schools and the demographics?
  • Know Your Buyers and Rehab

    After you know the numbers and market, you also need to know what types of buyers are residing in that area and rehab the house according to their needs. In the previous topics, it has been said that you need to do what is best for the customers and not what is best for you as it plays a very important role in the business. You need to apply this fundamental in this case too.

  • Avoid being greedy

    People have the tendency to overprice their property, thinking they can brag and exaggerate about their property when it comes to selling it. That’s the mistake they make. If they are offered the same house at a lesser price, you lose the deal. Even if you undervalue a bit, there is a scope to sell the property. However, this not advisable all the time.

Conclusion

DC Fawcett concludes that Apart from your efforts, you need to use your common sense and be honest with your guides as much as possible.

 

Common Real Estate Investment Mistakes

DC Fawcett Most Common Real Estate Investment Mistakes

Real Estate Investment  has been “The thing” in people’s mind. When they think about making big money as the demand for real estate? is ever present as people need properties for various reasons. But in most cases real estate investments are heavily re-sellable and with it comes a lot of economic advantages. The motivation behind is very clear, which is to become rich and/or to have stable source of income. But this is also a market which is as risky as it gets as it deals with people and their hard earned money. When those two are clubbed together? a lot can go wrong. If things aren’t done right and in that light here’s a review from DC Fawcett’s most common real estate mistakes. People make when it comes to real estate investments and to avoid them.

Not Doing Your Homework

Real Estate Investments and Sales is a discipline like every other profession and getting into it. Without proper guidance and research can spell doom to you and your family. Thus it is always recommended to gain as much knowledge as you can about real estate investments and sales. Try attending seminars or reading books or even going through online crash courses (There’s plenty of them including one from DC Fawcett Real Estate Investing Advice as well) and then start breaking eggs!.

Heart Over Head

Real Estate Investment is a costly affair but most of them times it’s also an emotion driven activity. By letting your emotions cloud your judgement you might not actually. Put your best efforts in negotiating a proper deal which leads to loss or even trickery.  Constantly ask yourself with questions like – Will it provide the kind of returns that you expect? Will this location attract tenants? Will it have more re-sale value?.

Always go with logical reasoning rather than going with what appeals to you and your family’s lifestyle and preferences. Because at the end of the day it is a business not a home affair.

Buying the Wrong Property/Buying Without Seeing and Checking the Property

Many times people commit this “sin” of buying a property without actually seeing and checking it. Thoroughly in person, which in most cases leads to people investing in the wrong property. Prospective investors have to be cautious as the ads and agents might not reveal every nitty-gritty detail of the deal. It is always advised to check everything in person multiple times and here at DC Fawcett Real Estate Investments that’s one of the biggest advice that we give to our clients.

Trusting Everything a Real Estate Advertisement Says

Don’t take everything that you read or hear as a fact, there are many faulty ads out there that you need to be aware of! But how do you identify them? Well just by following this old adage of “If it’s too good to be true, it probably is” or by hiring an experienced agent/agency.

Not Hiring an Agent and/or Hiring the Wrong Agent

Real Estate business is a puzzle with its own set of hurdles and it’s always advised to hire an agent. who can help you out with all the procedures? involved and to deal with things that you don’t know how to, because let’s face it. If you are not a real estate agent yourself then there’s a lot that you don’t know about this field just like how you might know how to do a cardiac surgery if you aren’t a cardiac surgeon so always hire an agent but the right agent that you need for your requirements. But how to pick the right agent? Well you can either go by their reputation or if he/she is a newcomer treat your first meeting with them as an interview. Because at the end of the day they are going to work for you!.

Conclusion

It is everyone’s dream to make big money and have secondary and back up sources of income and most of them turn to real estate investments for this need and the suggestions given above by DC Fawcett are some of the many pointers to have a hassle free experience which can be followed by aspiring realtors when you are planning to invest in real estate next time follow these tips for better results. Luckily this isn’t the end as DC-Fawcett Real Estate Investment Club offers more insight and guidance through their online courses and materials to make your journey in the world of real estate investments more fruitful and happy.

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