July 2017

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DC Fawcett Reviews – Guidelines hiring a buyer agent

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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.

Dc-Fawcett-Guidelines-hiring-a-buyer-agent

 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 Reviews – Opinions On Open House Real Estate

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Introduction

Conducting open house is advisable or not is discussed almost by all the landlords and real estate agents. So what DC Fawcett says, let’s see through his reviews.

Open house concept prevails largely among sellers in order to invite more number of buyers to have a look at their property; this will increase the chance of selling the property.  The time interval also varies from realtor to another realtor. Like some may conduct very often and some might do it as a rare phenomenon.

Dc-Fawcett-Opinions-On-Open-House-Real-Estate

As a seller, he should be aware of both the positive and negative influences of conducting an open house.

Positives

  • First time home buyers will not have any idea on home-buying process. They require guidance throughout the process. So open house will be a warm welcome to all first time home-buyers. This would also help them to get an idea on buying.

  • Open house is conducted with no pressure and rules. This allows the buyers to have a relaxed feel throughout the event in looking the property.

  • Open house is like home inspection for few buyers, they look into each detail when they start liking the apartment and plan to buy that property.

Negatives

Dc Fawcett Reviews  – Why many don’t prefer open house?

  • The chances of properties getting sold is very meager

  • Unapproved buyers visit the property which is waste of time, pre-approval is required from lender which doesn’t happen with buyers coming for open house.

  • Inviting problems like neighbors visiting this open house just to see how well the house is maintained, many visit the house with no intention of buying.

  • Security of the house is lost; vandalism and burglary are quite common in open house. Your advertisement may bring criminals to your home.

  • Valuables may be stolen when thieves enter your home, so don’t keep your jewels and other costly items

  • Many find this concept is old –fashion and opt for virtual tours

  • Unless there is no advertising in social media platforms where most of the people notice your ads, this method is not going to help in bringing buyers to your home.

DC Fawcett complaints that many would choose a realtor just because he conducts open house often. Open house is just a form of marketing and new buyers can learn from it. There should be a rapport between the realtor and the buyers who have come to visit the property. But sadly that doesn’t happen in most of the cases. The realtor should try to impress one of the buyers like making him purchase the property and consider others as prospective buyers. Fawcett feels this concept is just for real estate agents to prospect for business.

How to prevent from Scam?

  • Get the help of reliable realtor and his team of experts to assist you throughout the open house

  • Install CCTV to keep track of the visitors.

Conclusion

In case you are going to conduct an open house, read more about it in DC Fawcett virtual real investing club.

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Dc Fawcett Reviews – Strategies on successful real estate investment

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Introduction

There are different ways to attain success in real estate marketing with many challenges put forth behind every investment. It does not happen on an overnight, you can taste triumph with well-defined goals.

Dc-Fawcett-Strategies-on-successful-real-estate-investment

DC Fawcett reviews on how to achieve success in real estate investment.

  • Joint ventures, virtual wholesaling, running property management companies are few ways of investing to earn profit.

  • Planning will help you to invest in such a way that you attain success in a steady manner which can avoid you from even minor setbacks and financial loss.

  • Vast knowledge on real estate marketing, investing strategies will help you fetch large returns easily. Stay updated with the economy trends so that you don’t fall back of breaking any law as it gets regulated now and then. Learn the legal and tax loopholes properly to refrain yourself from jeopardizing.

  • Reputation and ethical standards play a major role in real estate marketing, bad remarks can ruin your career and affect future investments.

  • Make sure that you learn about a particular market entirely that you know nook and corners of it and then you can move onto other areas to invest and earn gains.

  • Treating every other investor in the market is equally important and maintaining cordial relationship with your fellow investors in business is yet another important aspect. They can be your buyers, renters or any kind of associate. Ensure that all their complaints are rectified once it comes to your knowledge which will keep you in good books of other investors.

  • Taking risk is a part of this culture and successful real investors have taken many such decision and attained success. Beware before you take a risk by approaching other experts like real estate mentors, lawyers or you can create a group where there are people different expertise to support and advice on any decision taken while making investment.

  • Successful investors take the help of an accountant as tax comprises the major part of investment.

  • Cash flow is essential than fetching rental income on properties you invested which have no future appreciation. Reinvesting cash flow means gaining income from sold properties or investing on government properties will fetch you large returns.

  • Invest on properties after inspection, mortgage insured, pre approved for mortgage and take the help of reliable real estate agents who would give database of MLS.

  • Maintain good credit report by paying monthly payments on time and refraining from debt. Finding good renters who would be prompt on payments is a key to success.

There could be several scams while making real estate investment.

  • Title scam: The scammer uses fake documents to the buyer and makes him/her believe that the property exists, right after mortgage payment/security deposit is received, and he goes away.

Conclusion

Dc Fawcett virtual real estate investing club offers various blogs on real estate and virtual wholesaling where investors can read and gather information on current trends, different ways of successful investment.

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DC Fawcett Real Estate – Tips On Saving Money For A House

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Introduction

Purchasing a property is not an easy task; it requires lot of time and huge amount of savings. DC Fawcett Real Estate reviews on how to save money in order to purchase a property. They are as follows.

Dc-Fawcett-Tips-On-Saving-Money-For-A-House

  • Mortgage

Mortgage plays a vital role while saving money for your house. The investor must know how much he/she can afford before applying loan. In order to make accurate calculations, investors can approach tax advisors.

  • Credit points and other payments

If the credit points are high, interest rates will be low. Down payments are essential since 20% of the deposit should be paid to the lender by the borrower, failing to do so, he /she will be asked to pay private mortgage insurance (PMI). Along with the down payments, the closing cost and title fees requires huge amount of savings. Hence, the purchaser must start allocating money for these payments before buying a house.

  • Monthly savings

Cultivate the habit of maintaining monthly budget; make a note of trivial expenses and cut down on unwanted expenses that are pushing forward the dreams of buying a house. Try to save on your electricity bills, restaurant bills, vacation and other leisure activities.

  • Creating account for savings

Maintain a separate account in your bank for saving money for the house. This will help you to track down how much you need more. Also don’t use any money for your personal purpose or emergency. While you are saving money for your down payment and closing cost, the capital can fetch you good amount of interest which is sufficient for future to make repair work etc. you can also make savings automatic by contacting your payroll department to make fixed deposit every payday. In case, you get any bonus, don’t spend instead transfer to this special savings account so the dreams of purchasing a house becomes easier.

  • Rental saving

In case you live in a rented 2 or 3 bedroom apartment which cost you more and you feel luxurious for a small family, try to move to a smaller house which will help you to reduce your rental expenses.

  • Working in part time

In case you have more idle time, you can work overtime or join part time jobs which will fetch you more money.

While saving money, make sure you prevent from scam going around.

  • Credit card scam: Scammers obtain your credit card information by installing spyware and other methods.

  • Fake loan scam: Amount deposited with low interest rate

  • Phishing: This scam is very tough to even find out since they make use of official logos and create havoc to your bank account, send emails to your official mail address.

Conclusion

In order to prevent from scams, DC Fawcett, the real estate whizz has written blogs on his virtual real estate investing club.  Investors who are interested in buying a property and need tips on saving money can make use of the blogs.

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DC Fawcett Real Estate – Tips On Buying A Vacation Home

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 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.

Dc-Fawcett-Tips-On-Buying-A-Vacation-Home

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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