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DC Fawcett Reviews On Apartment Hunting ,Deals,Micro Apartments

Searching for the right apartment that suits all your needs is both interesting and tiring. Whenever you visit a house, so many questions run on your mind but you will not be satisfied unless you find a “home” for yourself.So here are the few criteria’s that the investors must keep in mind when you hunt for your apartment as told by DC Fawcett Reviews .

 

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  • Neighborhood and location

Neighborhood plays a major role, as one would like to have all the basic facilities like school, supermarket nearby your home. Keep in mind that commutation should be easier as travelling far everyday without any transport facility to your work place is not a good idea.  Choose a location that is safe and pleasant, talk with the people who have already moved in to get to know more about the location, landlord and the neighborhood.

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  • Home inspection

Home inspection is an important aspect to be practiced by the buyer before moving into an apartment to look for the flooring, ceiling, closet and cupboard are in perfect condition as well as ensure that the apartment has all the safety concerns. Enquire about having a pet is allowed or not before moving in.

  • Budget

After the inspection, if you feel it is the right apartment, then it is the right time to think about the budget. It is good when it fits into budget if all utilities are provided with the rental payment. Spending for utilities separately other than your rent which will exceed your budget is not a good option and you need to think twice before investing on it.

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  • Legal agreements

If you find any clause in the agreement misleading or ambiguous, make sure you clear with the seller before you sign the agreement.

  • Moving cost

Allocate some amount exclusively for moving cost and unexpected expenses that may arise while shifting to a new apartment.

  • Online search

It is better to reject few apartments online itself that is not suiting your needs, so that you can save time as it is time consuming to visit every apartment you come across in the site.

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  • Maintaining information

In case you have visited many apartments, you may feel confused about the details, terms etc, it is good if you maintain all information in a notebook or spreadsheet.

  • Real estate agent

In case you hire a reliable real estate agent, he would have access to all the rental apartments and can take you for home inspection as most of the landlords are busy. If you are on your own, you need to contact the seller every time to fix up appointment every time.

During apartment hunting, there are many scams that you may encounter,

  • Rental scam: This is a common scam  that you may face during an apartment hunting, the scammer  pretend to be a landlord and collect all the rent, fees,security deposit from you and disappear. Do not send any cash without meeting the landlord.dc fawcett reviews 3

DC Fawcett Real Estate Tips On Apartment Deals

Searching for an apartment is not an easy task; it can be exciting as well as exhausting. DC Fawcett Real Estate says that Lowest vacancy rate is again a depressing situation, where buyers had to search for apartments more vigorously through various mediums property portals.

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DC Fawcett reviews on how to find an apartment

  • New construction

New constructions offer a price that you cannot expect for age old properties. The negotiation can be as high as possible with the owners and property managers.

  • Apartment locator

For every area, there would be an apartment locator to guide you with the price, you can approach them every day or weekly to know about the price.

  • Partnering

If you are a bachelor/bachelorette then you can even share your apartment so that you can pay less, your share will be minimum when compared to renting an entire apartment for yourself.

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  • Locality

When you find a home in a fantastic location but price is exorbitantly high which is unaffordable for you, then find out the surrounding area. There can be properties with an affordable price with your preferences.

  • Discount

When you opt for a lease for 6 months, there are chances of getting discount on the price from your landlord, so instead of taking 12months lease; try this way.

  • Referral

When you refer a friend and he/she buys the apartment, then you can get some commission out of it.

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  • Amenities

Each apartment provides with different amenities, like some may provide Wi-Fi etc, others may not. So opt for the one where amenities are given free or of less cost when compared with other apartment.

  • Buddy system

You can put a word to your colleague or friend that you are seeking an apartment, so if they come to know about any apartment, they can let you know. Sometimes even if your friend’s apartment has any vacant apartment you can try out.

  • Single family properties

These are generally low priced than multifamily homes.

What are the documents needed when you purchase an apartment?

  • Rental application form
  • Credit report
  • Reference letter from your landlord
  • Lease agreement
  • Employment verification

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Advantages of renting

  • Ability to use leverages i.e. you can pay a portion of the total value from the borrowed funds.
  • Tax –free

Disadvantages of renting option

  • Restrictions

You cannot use the rental apartment with absolute freedom. Maintenance is the key factor which will become stress at one point of time.

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  • Unexpected expenses

You are bound to unexpected expenses when you rent an apartment. Sometimes the landlord expects you to bear the expenses.

To overcome these drawbacks, expect a reasonable price for your property so you may get tenants as soon as someone vacates.

Rental scam: This is prevalent in real estate where buyers would be shown with an apartment by a real estate agent who is actually a scammer. The buyer unaware of the scam gives out all their personal information as well as deposits some amount which would be used by the scammer.

To prevent from scam and to know more about apartment deals, visit DC Fawcett virtual real estate investing club where blogs are written for investors.

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DC Fawcett Real Estate-Overview On Micro Apartments

DC Fawcett Real Estate reviews will give you an idea how to adapt yourself to live in a small space, pros and cons of micro apartment lifestyle.

From the micro, you can guess it’s all about size and space of an apartment we are going to talk about. Millennials prefer to live in a micro apartment so that maintaining the house is easy.

Not all apartments are of same square foot, you can choose a micro apartment with better area that fits you or family in it. These apartments are usually 250-400 sq.ft where you can fit a king size bed, washer and dryer and kitchen utilities.

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Pros

  • The rent will be less, so the investors who are having a mindset of saving money will prefer micro apartments. Obviously you will be saving lot of energy with less electricity usage.
  • Less stuff so when you move out, it is easier to shift.
  • Getting a chance to live in a great city environment.
  • Youngsters, nuclear families can co-exist with this lifestyle.
  • If you find your apartment is too small, then you can fix windows where there is broad day light which would actually enhance the size of the house. Fix it where you get perfect window view.
  • High ceilings elevate your apartment and eliminate the cramped effect.
  • If you feel it’s too small, then make a balcony or patio so that you feel calm and use the space for relaxation and recreation.
  • Pastel colors will suit your apartment and design your house that matches these light shades. Cabinet, flooring, furniture and kitchenware are some important things to be purchased that should match these shades.
  • Can be used a studio or for work where less space is enough to accommodate all employees.
  • People, who like to be a part of community activities and like a contemporary finish, enroll your name to buy a micro apartment and enjoy this lifestyle.
  • Eliminates work from home life, people would like to explore by going out.
  • With the incredible amount of savings, you can buy a large apartment, luxurious things in future.

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Look for the listing on MLS, Scam may happen when you find a property from an unknown site which aren’t authentic where scammers pretend themselves as agents.

DC Fawcett Real Estate complaints on micro apartment lifestyle :

Is that living in micro space affects health, many health reports states that people are stressed. It limits movement as well many are affected by claustrophobia as they live in a closed space.  Those who aren’t willing to coordinate, mingle, share things cannot survive in this lifestyle as it requires all those qualities owing to less space. The privacy is disturbed as you live close together with your friends or family members. Too many micro apartments can affect a community lifestyle and causes irritation. The exclusivity fades when there are more in number.  Not suited for large families and for those who have pets. Resale value may be not that great and less number of people would prefer to buy.

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DC Fawcett Real Estate Methods Of Using Internet To Sell Your Home

he role of internet is very significant in selling and buying homes, it is an authentic way to search listing online and conducting virtual tours. The era is rightly named as “information age” where you get information with just a click of your mouse. The industry growth has been measured with the evolution of computers. Likewise, real estate is growing and reaching heights with the use of internet. Gone are those days, where properties can be found only on magazines and newspapers in rental column.

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The new ways of promotion, advertising is creating buzz in real estate, DC Fawcett reviews  discusses about the methods of using internet effectively to sell your home quickly.

The positive influence of internet has opened the doors for new investors where they are trying their hands on virtual wholesaling, whereas the negative influence has led to scams and its effect is prevalent in banking, financial sectors and real estate. To prevent from such happenings, make use of DC Fawcett virtual real estate investing club.His webinars, podcasts are helping out so many investors who are new to this field.  Blending traditional marketing strategies with digital technology is the new way of marketing.

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The advertising campaign is much effective after the introduction of internet.  The recent surveys and statistics proved that internet marketing is alone to sell and buy homes. MLS, real estate portals are few ways used for online advertising.

Effective internet marketing strategies to sell your home quick where you can post your listing apart from MLS

  • Forums – many online forums are active where investors communicate their ideas. Find active online rental forums

  • Websites where people post about the properties for sale etc. exclusive for real estate

  • Blogs – bloggers are gradually increasing, many share their experience like their first home buying or home selling process, how home inspection should be, scams they faced. These are actually eye openers for many new investors.

  • RSS Feeds

  • Direct mail campaign, Newsletters, Postcards – common ways to generate leads

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You can hire a real estate agent who is proficient in online marketing strategies to increase your chances of home selling. Some may have knowledge on SEO, pay per click advertising, these people know to advertise better. These agents should not just leave after posting the ad, they must follow up, track the buyers who have showed interest.  Mere posts will not fetch any results. Time, money and effort are the 3 things only required.  Sign a contract with these agents as many are scammers, pretending to be agents and check for their license.

People who are away from internet world still prefer the age old methods and also look for rental ads in newspapers and magazines, so traditional methods are still in use.  The future looks like these traditional methods will become extinct as many have switched to digital format.

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After online marketing, it is always recommended to meet the person face-to-face before buying the property for home inspection.

Conclusion:

Dc Fawcett, the real estate wizard has started a club for investors called virtual real estate investing club where several blogs are written about real estate marketing strategies. Virtual wholesaling has been a wonderful invention for new investors to do real estate without cash.

These are some of the dangers lurking in the real estate profession as reviewed by Dc Fawcett. For tips on how to encounter them and safeguard against them, read Fawcett’s article on tips to safeguard against real estate dangers.

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DC Fawcett Reviews – Guidelines hiring a buyer agent

Introduction

To make your home searching process easy and efficient, hiring a buyer’s agent is recommended. Listing agent is legally responsible to meet the buyer’s need. So the buyer‘s needs are to be satisfied by both agents (listing and buyers). The listing agent treats the buyers as his client, so the prospective buyers are treated with more care and concern. All the services are provided when you enter buyer-agency relationship. DC Fawcett reviews discusses about pros and cons of hiring a buying agent, his responsibilities.

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 The duties of the buyer’s agent

  • Ensure the information remains confidential and financial details remains within the buyer’s agent. The agent must support and guide the buyers throughout the process.

  • The agent must provide solutions when buyer is undergoing any confusion or problem while purchasing a property.

  • He must be able to convey all your needs to the seller and his agent as well as find a home that suit all the buyer needs.

  • They must help in negotiating the price and ensure the buyer gets the best deal. The properties have to be visited along with the agent.

  • Initially the duty of the agent is to do comparative assessment of the properties they visit.

  • Once a home is finalized, the agent has to guide the buyer in home inspection.

  • The agent should be able to inform and take care of the deadlines, legal formalities, mortgage approval. He should make sure all these are done within the budget and not exceed your financial status.

  • If the agent is not having much idea or experience about home inspection, he must appoint home inspectors to make the process easier.

Pros of hiring a buyer’s agent

  • No need to pay commission, the seller pays for both the agents.
  • The agents are the first people to know about a property even before it appears on MLS.

  • The agent might give you information about the neighborhood and facilities available in the area.

  • The emotions are too high when you find a home that meets all your needs, to make you feel grounded and lists the drawbacks of the home, the agent help is needed indeed.

How to choose an agent

  • Has he got license? Enquire about his reputation and specialty, like what are the neighborhoods he is familiar with? His previous projects? Any suspicious activity recorded previously? How much he charge? What all he does during the process?

Real estate agents are not trustworthy; hence you hire very reputable and reliable agents while buying a home. There are several scams, for e.g. the scammer pretends to be an agent and get all your money and personal information and runs away once amount is credited to his account.

Conclusion

DC Fawcett virtual real estate investing club contains blogs that can provide more information on buyer’s agent. The interested investors can make use of the blogs.  Virtual wholesaling is the new emerging trend in real estate; you can browse about it as well in these blogs.

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DC Fawcett Real Estate – Tips On Buying A Vacation Home

 Introduction

Real estate offers the investors to own a vacation home in 2 ways which can be either fractional ownership or timeshare depending on the distribution of actual equity. In fractional ownership, there are multiple buyers for the same property where the deed is split equally among each owner and equal access is given to all the purchasers. The rise and fall in the property value affects all the buyers who own a share.

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Timeshare is usually preferred by the investors for vacation purpose which lasts only for stipulated period of time (for one or two weeks) where the title ownership remains with the owner and there is no need to pay mortgage for rest of the months. Moreover, there is not much rise or fall in the property value during the short span of time.

DC Fawcett reviews the benefits of having a fractional ownership and timeshare

Fractional ownership

  • The purchaser holds a portion of asset where no cash is indulged
  • The entire property can be sold out when property value declines with no loss as well as sell a portion of the property when there is a hike.

  • Helps during cost assistance as it can be sold as timeshare.
  • From 4 to 13 weeks, buyers can have an ownership
  • 3 to 5 bedroom units

Timeshare

  • Free from the responsibility of maintaining the property. The temporary buyer is not liable if any damage occurs during his stay.

  • One or 2 bedroom unit

Dc Fawcett  – How to buy or sell the property?

There are several property management companies who assist the investors in buying the land and schedule the time accordingly for living as per the number of buyers in the property.

If you are a fractional owner, then the share can be either sold as fractional ownership, or as timeshare.

The mentor, DC Fawcett states the complaints of timeshare ownership experienced by the investors

  • Various costs are involved like maintenance, tax. Lifetime contracts where mortgage payments are added and there are limitations in booking.
  • If taxes and fees aren’t paid it may result in foreclosure.
  • Cannot deduct loss on tax returns
  • Scheduling the period of stay is not easier as there would be several other buyers who would be in need of the resort at same time.
  • Depreciation is faster and resale is not easier
  • Same location to spend the vacation every year

DC Fawcett educates the investors to read the laws that have been enacted to protect the buyers from multiple timeshare scams which usually happen via timeshare resale brokers. He advises the investors to check the resort club and management company before booking.

The frequently occurring scams are

*Cold call scam:

Calls from resort club to pay for imaginary exit schemes

*Extortion timeshare scam:

Calls from unknown company and saying you are in debt.

*Rescue scam:

Promising the consumers to get back all the money that he/she has been cheated so far.

To prevent from the kind of scams, the investors can join the DC Fawcett virtual real estate investing club to know more about vacation home.

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Dc Fawcett Real Estate Reviews – How to start investing in real estate successfully

Introduction

Dc Fawcett ,Real estate is a great way of investment which offers good source of income. Learn the new methodologies and tactics involved in real estate with the help of DC Fawcett’s guide and start investing in real estate successfully.

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Like any other investment options like gold, stocks etc. real estate too has developed with new standards. So, new investors should get to know what is working best in the industry today. This article describes the advanced ideas by a leading real estate expert DC Fawcett which assures your success in real estate business. No matter who you are, either a new investor or done lot of real estate business, you can invest in real estate and earn profit within short span of time.

Dc Fawcett Reviews – What makes real estate investments so advantageous?

Real estate investments can continuously rise in appreciation value and it always assures you a great profit. But real estate needs a huge amount as investment and also a regular maintenance. You can take home equity loan if you lack sufficient amount of money.

But before availing such loans make sure that your earning potential is enough to repay loan dues. If it is a rental property then you get the cash flow income throughout the year. But sometimes your house or rental property might be vacant and you may have to search for tenants for months. At such times, you may not have cash flow income from the rental property and you should be able to manage such situations.

Types of real estate investments that is more profitable to invest

Residential real estate investments

Houses, apartments, multifamily apartments etc. comes under residential real estate investment. Such investment made can be a long term and you may have to wait for appreciation value to rise. You can either buy those properties for self accommodation or for rental purposes. If you are purchasing for your own use, you no longer have to spend money for rental purposes and the land value rises as the time passes by. Else if you are buying to rent it, then you will get a cash flow income throughout the year.

Commercial real estate investments

Investing in big buildings like offices, multiplexes and skyscrapers is called to be commercial real estate investments. With your funds and sources rent you can construct the building and rent it to offices or other companies and earn rental income.

Retail real estate investments

Shopping complex, malls, retail store, showrooms etc. are retail real estate investment options. Such investments yield high profit since the retail stores are directly involved in business and they can pay more rent if the land value increases.

Dc Fawcett Tips  –  What are the risks involved in real estate investing?

Things may get worse sometimes and the property value may get decreases or rent value might get low due to various reasons. Unlike other investment methods, real estate investment has higher transaction costs and has low liquidity. It cannot be bought just like that and sold, it needs lot of time and energy.

Rehabbing the real estate property is a time and money consuming process. You need to hire a contractor or individual workers to rehab the old house. Only after doing it, you can be able to sell the house for higher market value. Purchasing the property for under market value and selling them for fair market value price with above 20% profit is a good deal. You need to manage the property and make sure that the renovation costs don’t exceed the acquisition cost.

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Dc Fawcett – What is Rehabbing in Real Estate?

Introduction:

Rehabbing a house comes with its own share of difficulty. According to DC Fawcett You should know the reason for going for rehabbing when you venture into this process. Getting the help of a contractor to carry out repairs is a good option.

When you do repair works on your home your budget will also play an important role. Also the time is a major factor. As far as major repairs are concerned you can get the help of a contractor.

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Factors in Rehabbing :

There are some factors to be considered when you are planning to perform home improvement in a huge basis.

Time

The time factor is a major concern since you have to allot some time for your family too. The key is that when you there is no free time for you do not endeavor into a big project with lot of time. Be practical in your goal of setting time.

Money

Next comes the money factor. When you don’t have funds for getting the help of a contractor you can be your own renovator. Having said that, you can think over whether the rehab canbe done when you are financially better.

Focus

Your ability to carry out the rehabbing work should be the next focus. You may not possess the right rehabbing tool as that of a professional contractor. So the key is the find the appropriate professional contractor.

When you plan to do the rehab all by yourself lay out a plan. Set aside a budget and a timeframe for completing the rehab job. Planning is also helpful since the job will be completed quickly. When you are not able to do some work be free to seek professional assistance.

Using a contractor not only gets the work done more quickly but also doesn’t give stress to you. However, you should start scouting for a contractor very early itself. Having said that, hiring contractor also has its share of issues.

After you hire a professional contractor ensure they don’t burn your pocket and do the work within the time frame. You should definitely supervise them. You can very well pose several questions to them and make them clear that you are observing their work.

We would have made a budget but the rehab would not fall within that. Repairs crop up which you would not have foreseen while laying your budget. When carrying out extra changes ensure that you and your professional contractor are aware of the cost. A bid is generally written in the initial stages. You and your contractor should talk about the changes to the written bid.

As soon as your rehab process is completed you should see to it that everything is carried out as per the plan. Be frank in your clarifications and don’t hesitate to talk to your contractor regarding the worthiness of the work. If you feel that something could have been changed say it.

Conclusion

One thing you should keep in mind is that the better the rehab the quicker is the sale. You may be getting less profit through this but still you can carry this out.

DC Fawcett is the founder of the Virtual Real Estate Investing Club. He has invested in several virtual markets and is efficient in rehabbing too.