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DC Fawcett Virtual Real Estate Investing Club Tips for Buying a Home

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Dc Fawcett Real Estate Tips – Pros And Cons Of Buying a Home Near The Airport

Most of us want to own a home. It is a great feeling to be a home owner. When we buy a new home, we consider various points, right from demographics to life situations. Some of us may be frequent fliers and we would want to commute to the airport.  So why should we take the trouble of shuttling so much of distance often? Why not buy a home near the airport? In real estate there are various pros and cons of buying a home near the airport.  In this article, Dc Fawcett, a real estate investor and mentor, reviews the different pros and cons of buying a home near the airport.

Dc Fawcett Real Estate Pros-And-Cons-Of-Buying-a-Home-Near-The-Airport

Travelling is easy

Homes near the airport deduct the travel time between the airport and the home. Also, it is well connected to public transit lines hence it is easy to come back and forth.

Noise levels near the airport are not too high

If you are adjacent to the airport, you can tolerate the noise levels since you do not fall directly on the flight path. Nowadays, advancements in technology have led to maximum reduction in noise pollution. Over the time, noise pollution will hit a minimum point and will no longer continue to annoy inhabitants.

Dc Fawcett Real Estete Pros and cons of buying a property near the Airport

Property value

Homes near the airport boast of their proximity to industrial and lifestyle developments. So, the value of these homes is always increasing.

Noise pollution

Although neighboring homes can tolerate noise pollution, homes which fall directly under the flight path are filled with noise. Some airports are packed with commercial and industrial exploits.

Dc Fawcett Real Estate Pros and cons of buying a property near the Airport

Health hazards

Pollutants from airports include particle matter which gets mixed up in our blood. They cause heart diseases and many other blood diseases which know no cure. Noise from the airport can shorten lives. Surveys have shown that those living near the airport are more likely to die from strokes and cardiovascular diseases. This is because the noise sets off a stress related hormone which increases blood pressure and mars sleep. High blood pressure can lead to kidney failure. People who are living near an airport for a period of 5 years and who are under a flight path are in higher danger of developing hypertension as compared to those living away.

DC Fawcett – Tips For Buying Water Front Property In Real Estate

When you are buying a house, be sure about you need and how your dream home should look like. If you are going for waterfront home, you need to give special considerations whether it suits your lifestyle and lets you to enjoy your activities or not. As such, buying a home has never been an easy decision, especially for the person who has his own family. Though the decision maker would have liked the place, he or she would also think about their spouse and children’s convenience. Just as a professional real estate owner does what is best for the client, you too should ensure that your agent does what is best for you. However, if you are used to this lifestyle or want some change, then, you have made a right choice. DC Fawcett gives you the tips while going for this property.

Dc Fawcett Real Estate Tips-for-buying-front-property

DC Fawcett – Tips for buying Water front property

Sketch out your needs

When it comes to waterfront property, determine what are your passions, requirements and priorities before taking a final decision.

DC Fawcett Virtual Real Estate Investing club Waterfront Buying Tips

Favorite Activity

If you have a passion for the activities such as boating or fishing, the boat size becomes a vital factor. The boat cannot be put behind as there will be a lot of properties which you cannot access because of the water depth. If you are fond of fishing, any fisherman would like to get easy access to the water. So buyers should look for the deep body which will support cold water fisheries.

Dc Fawcett Waterfront Buying tips

Consider about the risk and insurance cost

Though waterfront is attractive, there is an increased risk of damage like surrounding water and high winds. Insurance is also expensive because of these reasons.

Most of the times, there are regulatory and practical restrictions as far as additional structures on water property are concerned. If you have made up your mind to go for it, make sure that land near water support these structures. If the legal issues prevent further development, log on to local government and check for the information about getting permission.

Consider the weather and the seasons

Weather differs from state to state. In some places, the weather will be extremely cold in winter due to which the water will freeze. The historical climate date is available in NOAA.

Dc Fawcett Real Estate Waterfront Buying Tips

Know the waterfront property’s value

Waterfront property value may be of double value than normal homes as demand is more and supply is less. The property value depends on the number of risk factors such as noise level and flood levels that are involved with the water activities. However, it depends on the location where you want to buy the property.

DC Fawcett’ Tips to Help a Home Buyer Triumph in a Multiple Offer Situation

Most of the time, there will arise a situation wherein there will be multiple offers for a home. This is really great from the seller’s point of view but it is not good from the buyer’s perspective. Buyers feel insecure when the homes they are targeting gain a pool of offers. Then they have to employ various ways to stay on top of the competition. Dc Fawcett, a real estate investor, who shares his knowledge on real estate in his blog. Virtual real estate investing club gives guidelines or Tips to help  home buyers to gain an edge in a multiple offer ball game.

Dc Fawcett Real Estate tips to help a home buyer triumph

Tips to help home buyers by Dc Fawcett

Make sure that you have a secure source of finance

Sellers tend to select you as the new owner based on your finance source. If you don’t have a strong financial source. Sellers will not make the offer to you since they may incur a loss.

Make an advance home inspection

Sellers offer homes more readily, if the offer does not contain the “subject to an inspection” clause.

Gauge the competition

Work with your realtor to evaluate the competition. Find out how many people are involved in the race. Are you contesting against a single family or are multiple families involved?

Decide on the price firmly

Establish the price firmly. Tell yourself that you want to pay only this much for the home. You will not regret later on, if you end up losing your home by a few thousands even. You can make a bully offer. A bully offer is something when you make the offer to the seller before the laid down date. In this way, the seller will consider your offer above all others. But, bully offers are associated with risks. Sellers will quote higher if you are in a rush. Sometimes sellers will not be impressed by your hurried approach and so on.

Make a huge down payment

Paying huge sums of money in advance will portray your strength to the seller. He will make the offer with a lot of confidence. Making huge down payments will expedite things with you money lender as well. He will issue a mortgage with ease and without doubt.

Good faith deposit

Make a huge good faith deposit. This deposit is separate from the purchase amount. The larger the deposit, the higher the likelihood that the seller will make the offer to you. The deposit indicates your seriousness in buying the home.

Make sure to get everything in writing

Don’t make any oral agreements. Have everything written and signed in paper form.

 

DC Fawcett – Tips For Successful Apartment Hunting In Real Estate

When you are looking for a flat or an apartment in real estate at the particular location, but looking for all the facilities like dishwasher, dryer, or being close to public transportation, you may need to check in the multiple apartments and decide what is best for you, taking your budget and affordability into consideration. If you would like to keep the pets in your house and concerned whether they will be accepted or not, you need to check for the rules and regulations and search for a place that accommodates everything, if required. DC Fawcett advises you to check for the surroundings as well, as it will be easier for you to sell the house if it comes to that.

DC Fawcett Tip for successful apartment hunting

The best way to hunt for an apartment requires combined efforts like asking in the neighborhood; consult a good real estate agent, and online search. You cannot depend on one particular source to get the right one. DC Fawcett has suggested the following tips for successful apartment hunting.

Dc Fawcctt Real Estate Tips-for-successful-apartment-hunting

Check for the neighborhood and surroundings

Ask yourself where you have to relocate based on your priorities such as the workplace being near to your place or are you willing to travel. It depends on what type of surroundings you prefer.

Dc Fawcett Tips for Successful Apartment Hunting

Take help from Google Maps

If you are unable to go to the neighborhood personally, you can find out the surroundings referring to Google maps or Google Earth. These tools will pinpoint the locality surroundings like bars, groceries, cafes and other amenities.

Cast a wide net

When you search for an apartment online, check for the facilities it can provide you. This makes your search broader.

Dc Fawcett Real Estate Tips for Successful Apartment Hunting

Use Virtual Guide

Virtual guide shows the most popular mainstay in your neighborhood. Magazines help you to find out what is happening in your surroundings or otherwise.

Budget

After you get a suitable place, budget is the other factor that plays an important role in your daily life. Before finalizing the place, ensure that all fixtures and appliances are clean and are in a working condition. Also, you need to see whether other expenses you incur apart from the rent fits your budget.

DC Fawcett Virtual Real Estate Investing club Tips for Successful Apartment Hunting

Pet Accommodation

If you like to keep the pet with you, ask the concerned person whether they are accommodated. Though, in most of the apartment pets are allowed, it adds to your lease or deposit.

Read and Understand the lease

The most important thing is to read and understand the agreement even if it takes some time. The agreement may have important terms and conditions and mention about the due date when the rent has to be paid and whether there is any grace period. You can also negotiate the rent or the deposit with the owner.

Safety

When you are looking online, you may not know whether the roads or the surroundings are safe. You can check for the locality through the websites like SpotCrime and check the locality.

Conclusion

Living near the airport has both positives and negatives as we have seen in this review by Dc Fawcett. While easy commutation can be the benefit, the disadvantages are numerous like health risks and noise pollution.These two factors however depend heavily on the type of aero planes used, the closeness to the airport’s flight paths, the airport clutter and so on.

The best thing is to consult the top real estate agent who has got a good knowledge about the waterfront property as it is more complicated than purchasing the house without the waterfront. They will have the knowledge and insight about these properties and can guide you.

These are some of the suggestions given by Dc Fawcett to home buyers when they encounter competition from multiple offers. DC Fawcett is an expert real estate investor and teacher. However, there are lots of complaints against him in various blogs in the internet. These are done with an aim to tarnish his reputation. These are just scams. Following,his advice will definitely benefit people in the real estate field. Sometimes, you may not get the house that you expect as there may be some shortcomings. DC Fawcett says that If you succeed in finding one, it might not suit your budget. You might have to compromise on something.

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Dc Fawcett Real Estate – How to perform CD Laddering?

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Introduction

How to perform CD Laddering?

CD (certificate of deposit) laddering has not lost its importance in the real estate market. It has few significant advantages. We witnessed a huge dip in the rate of CD’s over the years which have made the investors to look out for other investing options. Dc Fawcett Real estate  advises the investors to keep investing on CD’s and drastic decline in the prices will not have an immediate effect in your investment. One of the traditional methods of saving money which has not lost its value is CD laddering; let’s discuss the benefits in the article.

Dc-Fawcett-How-to-perform-CD-Laddering

Dc Fawcett – How to use CD’s?

CD’s are also known as term shares or term certificates offered by bank or credit unions. The money is locked for a particular timeframe assigned by the investor. The amount can be renewed once it matures for the ongoing rate of interest. Early withdrawals can be performed with respect to forfeiture.  Longer the term period, better the rate of interest. The time period differs from 3 months to 5 years. One year offers 1 percent APY (annual percentage yield) and 5 year term offers 3 percent insured by FDIC. The interest is compounded monthly or quarterly when investors choose longer term.

Benefits of a CD ladder

The investor is having full liberty to choose the time period which varies from 18 months to 30 months. The investors yield returns according to the time period of the investment. If the time period is more, the returns will be considerably high.  The amount to be invested is divided into equal parts with different maturity dates. The interest rate is decreased and investor‘s re-investment risks is declined.

The principal amount and interest are the most important factors of this strategy.  This technique will help the investors to get a steady cash flow because of the different maturity dates. Laddering doesn’t lie in any particular category, it is very liquid when you opt for short –term and illiquid if you opt for long term-CD. This method helps the investor to do frequent re-investment, whenever the CD matures; he /she can re-invest for another term.

This technique assures there would be no fraudulent or suspicious activity records, it is almost scam free. Real estate investor’s earn potential returns and it can be maximized depending on the frequency of the CD. It offers more benefits than a money market account; the insured nature of the CD ladder makes every investor feel secure. There is no restriction in frequency and quantity of a CD ladder, though you need to qualify for a minimum deposit. The risk can be prevented by choosing the ladder length appropriately. Assign different maturity dates so whenever rates decline, there won’t be huge impact.

The short ladders are more beneficial than long CD ladders. Longer ladders are considered to be aggressive because longer maturities have greater risk when the interest rates rise.  From this review, we find that CD laddering is one of the safest ways to invest money for a long term.

Conclusion

DC Fawcett has thrown light on how to use CD’s and its benefits in his previous articles, you can find them in DC Fawcett virtual real estate investing club.  

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Dc Fawcett Reviews – The real estate equation between the real estate investor and the financial planner

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Introduction

The real estate equation between the real estate investor and the financial planner

Why a real estate investor needs a financial planner?

The new investors cannot manage funds on their own; they need a financial planner to help them out. Money is everything, it is considered to be a decision king because an investor is happy if he makes profit out of an investment and he is depressed when he faces a financial crisis.We have already seen how to hire a financial adviser, you can check it out in DC Fawcett Reviews on Virtual real estate investing club.

Dc-Fawcett-real-estate-investor-and-the-financial-planner

DC Fawcett reviews is about when and why you need a financial adviser.

  • The adviser’s opinions play a major role whenever you are involved in a home sale or buying process.

  • For newly married couples, you may not have an idea how to start a joint account in a bank or how to start a new account, nomination filing and tax benefits. The rate of interest is one of the major factors to be considered and the adviser will help in selecting the best bank for you.

  • For first-time home-buyers and sellers, you are absolutely clueless about the process. The adviser will assist you throughout the process and you are requested to follow his guidelines strictly. Hire a reputed adviser to prevent from

  • Entrepreneurs or freelancers who switch over from a regular job and take up real estate as their career can seek the help of an adviser.

  • The adviser can solve any disputes regarding tax for whomsoever it may concern.

  • To start a new business, you need to follow certain guidelines. Commercial and retail real estate guidelines differ from residential property guidelines. When you raise your first child, there may be lots of doubts and you need to start allocating funds for their education as well as for your retirement. These can be planned systematically with the help of financial planner.

  • The advisers will send a periodic report after monitoring your activities regularly and gives his review on how funds are to be managed efficiently, when taxes are to be paid. He reminds you with all the deadlines for paying taxes and debts, so that you improve your credit score.

  • The planners help you in diversifying the portfolio and also suggest how the portfolio can be improved further. The investment policy differs from each organization. Learn the return on investment policy of every firm.

  • They help you in setting financial goals and how to achieve them early.

  • For investors belonging to high income community, the tax amount is generally exorbitantly high. You need to know how much tax should be paid and when it should be paid. Financial planners systematically calculate and give you the result.

  • They help you selecting the appropriate mortgage plan to suit your financial status and prevent you from getting foreclosure.

  • Self-employed people will have different queries; it can be answered as well by the financial advisers. Planners can help you out in how to get ownership and title insurance legally.

  • High-net-worth investors have a different set of problems and unique set of financial issues. They need to manage enormous amount of funds and enumerable accounts. Planners will help in sorting out them and provide guidance on tax-paying strategies.

  • There can be issues while availing home loans and student loans which differ from each person. Those doubts can be cleared by the advisers.

  • These planners will help the investors in setting the right priorities and mention the expenses to be curtailed in case you are having a low credit.

 Real estate connect :

You need to choose the right property, appropriate mortgage plan that suits your financial needs. You need to know the saving strategies and adviser can pour his ideas on the same. You need an instant help when you are stuck on what to choose, like a condo or a town home. You need to know which property will appreciate in time and when to invest. These queries can be solved by financial advisers and planners.

What is the difference between financial planner and financial adviser?

An adviser just gives his thoughts when you approach him for any issue. An adviser is not a broker or an agent, so check out what are the attributes to hire an adviser in the corresponding article in virtual real estate investing club owned by DC Fawcett. The planners are certified with CFP (Certified financial planner) and certified accountants helps the investors in solving tax related issues.

How much an adviser costs?

The adviser usually charges on hourly basis, it varies from 150 to 200 dollars per hour. It depends on the adviser’s experience as well. The more the adviser is experienced, the more he charges. CFP‘s work is based on the commission and they are ought to be paid for specific products like insurance, annuity. They are not recommended for most of the times as they are expensive.

Dc Fawcett complaints about the fee-only advisers who don’t have any regulation on their fee and just charges based on the time spent on managing your finances.

There are fraudsters among the planners, so investigate properly to avoid scam. Scammers, who pretend as planners charge a heavy fee, act like scrutinizing your documents; once they obtain the necessary information they leave the place immediately. The first question they ask is about your income rather than your problem, so the money minded people must be avoided and mostly they will not be a reputed planner. To check whether he is reliable or not, enquire how the commission is charged i.e. on what basis and then hire.

A good financial planner will lessen your burden and help you in taking better financial decisions. Stay peaceful and make right choices when you purchase or sell your property.

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Dc Fawcett Real Estate – How credit bureaus support lenders?

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Introduction

How credit bureaus support lenders?

Dc Fawcett Real Estate talks about how credit bureaus work and how the information serves the lenders and how fraudsters misuse the piece of information in this article.

As we know, credit bureaus are powerhouse of information about millions of investors which is sold to the lenders and interested borrowers. The lenders generally look the investor’s borrowing history before lending them loan; it is to check whether the investor has made any payment default in the past. The credit bureaus help out in providing the information. The credit score is the outcome of your borrowing history. The detailed description of the raw data forms the credit report.  They are not concerned about the loan approval. The information is gathered from various sources but they make sure it is authentic.

Dc-Fawcett-How-credit-bureaus-support-lenders

The investors who have borrowed in the past would be quite popular in the credit bureaus as the lenders would have passed the information about the loan. Try to work with such lenders so that you are familiar in credit bureaus and applying for a loan will be easier.

Credit reporting system is managed by

  • Consumers
  • credit bureaus
  • financial companies

Personal information is the only way to distinguish the different investors; it is also one of the ways to stop identity theft scam.  The lenders will send e-mails if they are any attractive offers to these investors and make them as prospective buyers.

The investor’s name, address, Social Security Number, date of birth, residential address, employment details of the investor (it will have a history which comprises of all the information where you are working and where you have worked in the past as well). Scammers misuse this information by pretending themselves as lenders and get the details from credit bureaus.

The public records are collected through the credit reporting companies and judgement is based on the investor’s financial overview. It checks whether investor have been through any situations like bankruptcy, tax liens, foreclosure. They also record how many people have enquired about your credit score.

Investors can browse DC Fawcett Virtual real estate investing club to learn some strategies on how to prevent from   identity theft scam.

The most important information is trade lines which are otherwise called as loan information. An elaborate description of the loan is obtained like the type of the loan, name of the creditor, date and time, balance amount, outstanding dues, deadlines.

How the credit score is calculated?

Investor’s payment history, the debt paid and unpaid, how long credit accounts are maintained, what are the other accounts managed by him, inquiries.

What do the credit bureaus track but will not reveal?

From the lender’s perspective, those who change their jobs and residence often are due to payment defaults and states that they are economically unstable. If the investor doesn’t want to reveal the loan details, the lender restrains from informing the credit bureau.

Thus credit bureaus help the lenders in the above mentioned way and every investor should know the importance of credit report.

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Dc Fawcett Reviews – Housing loans and special privileges for disabled investors

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Introduction

Home ownership is a dream for every investor and the purchasing power differs from each person depending on the financial status. There is a community of real estate investors with disabilities who are offered certain privileges; DC Fawcett has written a review about how to get home ownership if the person is either mentally or physically challenged. In this article, you will find the financing strategies provided to disabled investors.

Dc-Fawcett-Housing-loans-and-special-privileges-for-disabled-investors

The federal government offers certain special schemes and loans for these people to make their home ownership dream come true.

  • There is a rule that landlords cannot deny selling or renting their homes to disabled people nor set special rules and regulations. All must be treated equally like a regular tenant. They cannot disqualify them as non-potential buyer.

  • People with disabilities may request changes in policies, practices, and services so they are able to access, use, and enjoy equal access to housing.

  • Landlords and housing providers should fulfill the requests of the buyers at all stages of the housing process and they have all the rights to ask for structural modifications that will provide them comfort.

  • They can depend upon the Office of Fair Housing and Equal Opportunity (FHEO), which was started to protect the rights of all home buyers and individuals.

  • The Equal Credit Opportunity Act and Consumer Credit Protection Act is to make sure that financial institutions offer money to all the investors irrespective of sex and no discrimination is made based on person’s abilities.

Financing for disabled

The money is borrowed from a mortgage lender, bank, or credit union after an initial down payment is made by the borrower to purchase a property.

  • The mortgage lender should not restrain him from lending money if the borrower is disabled.

  • There are governing bodies who have framed guidelines that protect the rights of the disabled people; in case the lender denies in providing mortgage; the investor can seek the court and claim his rights.

Programs for Home Buyers with Disabilities

  • Homeownership Voucher Program

HUD offers money for disabled investors and ensures that their monthly payments are made on time as well as mortgage loans are sanctioned without any problem. The HUD counselors help out in this program and make necessary arrangements to fulfill the requests of the investor.

  • Supplemental Security Income

The Social Security Administration started this program to help old people who are above 65 years old and disabled people. The maximum term for the ownership is 10 years; they take care of all the basic needs of the investor.

  • Federal Programs

Special grants are provided exclusively for veterans with disabilities. This program has been framed based on the income of the investor.

  • The USDA offers financial assistance for elderly, disabled, and low-income community investors residing in multi-unit apartments. This program ensures that these individuals can make their rent payments on time.

  • FHA loans are provided by the federal government which is preferable by the investors as they are scam

To know more about home ownership, housing loan schemes and other privileges for disabled people, check out the articles in virtual real estate investing club written by DC Fawcett who has been a guiding force for all the investors.