DC Fawcett Real Estate Reviews – Housing Market , Market Corrections , Market Cycle

DC Fawcett Real Estate Reviews – Cities topping in 2017 housing market

When you are looking out for a property, there are many factors like job market, tax values apart from location. To reside happily, there should be peace and it is attained when your neighborhood is a safe community and the residents can enjoy their life to the fullest. DC Fawcett Real Estate Reviews brings a list of cities that have been considered as the best places to live.

First-time home buyers can join the virtual real estate investing club to know more about quick home sale and real estate scams to be avoided.

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New York City, Seattle and Houston metro areas are considered to be safest. Madison is attracting tech companies, thus providing solid job opportunities for all the people, followed by Austin, Dallas, Boston, California. Virginia, San Francisco, Seattle, Orlando and Columbia are emerging to be strong contenders in providing job opportunities. Boise, Idaho is a city that is growing in tech sector and proving solid business opportunities.

DC Fawcett Reviews:

DC Fawcett complains that there are few cities that charges heavy rent and not suitable for first-time home buyers and low-income community.

  • For renters, some cities aren’t suitable owing to high rent levied by the landlords for example; Miami which is known for its waterfront and luxury properties tops the list. On the other side, the income of an employee in that city is relatively low.

  • From seller’s perspective, Miami is considered to be one of the best real estate investments as they can sell it off at a higher price as it has got potential growth. Landlords in California are quite lucky as the house rent is rapidly increasing every year.

  • Manhattan is considered to be the costliest place to dwell apart from Miami. San Diego, Los Angeles, Seattle, San Francisco, New Jersey are few cities where rent is quite high.

  • Indianapolis is considered to be most affordable city for rental as it costs just 800 dollars approximately followed by St.Louis, Omaha, Iowa, Houston are most affordable cities which are recommended for millennials as these cities have a rental-friendly lifestyle.

  • Minneapolis and North Carolina have ranked top in low cost living. Florida tops in the fastest growing cities list.

  • Taxes play an important role when you own a property; there are tax deductions, and benefits etc. Consult your tax advisor for more information. The effective property tax rate in Alabama is 0.38%, second lowest in the country.

  • Homeowners in San Francisco pay the highest median property tax. Hawaii County residents pay just $820 whereas in Madison it’s $1,464. Homeowners in New Jersey pay the highest effective property tax rate in the country 2.13%.

The property tax rates are Colorado 0.5%, Arizona 0.66%, Virginia 0.83%, Georgia 0.89%, Florida and Washington 0.93%, Massachusetts 1.13%, New York 1.38%, Ohio’s 1.57%, Texas 1.63%, Wisconsin 1.72%.  Investors can prefer Dallas, Florida and Texas as housing market sounds profitable.

Retirement communities like Boise, Brevard, Colorado, Texas, and Iowa ranks top and retirees can prefer one of these cities preferably.

Safest neighborhoods are Connecticut, New Jersey, Indiana, and Massachusetts. These places are highly suitable to raise your child in a safe environment and crime rating is low.

Investors gear up and find the best real estate agents to purchase a property in any of these cities.

DC Fawcett Reviews – What are the strategies to prevent from market corrections?

Investors are taking steps to protect their portfolio as interest rates have dropped historically low. There is still hope that when there is a rise in the rate of interest, all the loss will be compensated. It’s not the right time to invest in stocks and bonds as there is an overall drop in the stock market and analysts says there are constant fluctuations. DC Fawcett Reviews  says that the investors’ should expand his horizons by concentrating beyond the stocks as there are various forms of alternative investment like  real estate, commercial, gold etc.

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DC Fawcett  advises them to use fund strategies which are volatile. In private equity, the hedge funds are not liquid. The loss can be minimized with proper planning and it’s not wise to indulge yourself in panic selling. 5 to 10 percent of your funds should be allocated for future reserves as portfolio diversification is essential. Annuity is not considered to be an alternative form of investment; it helps in potential market growth. It can be used only as an indirect form of investment. There has been no stock market crash after 2008, so experts are predicting it may happen over a period of time. Identify your financial goals and how much return you need to make it in a fiscal year.

One of the best and safest forms of investment is purchasing a real estate property to protect from inflation. When there is inflation, the investors will witness and overall rise in national median rental income and median property price. As we all know about REIT, and for investors who doesn’t have an idea can browse through DC Fawcett virtual real estate investing club. They are well-known for purchasing property holdings through private equity or members of REIT can claim direct ownership.

DC Fawcett strategies to prevent from market corrections

Commercial real estate investments are recommended for high return+s and you can expect a fixed income. The only drawback is the money is withheld for a prolonged time. Investing in Commercial real estate debts is a good option when you apply for short term loans where you preserve your collateral for 5 to 10 years. The professionals have come out with a report saying that private equity‘s performance is much better than public equity as it is less volatile. Public equity involves day to day investment whereas private equity investments are made as per investors’ choice. Investors can choose restricted access in order to prevent themselves from panic-selling, at the same time it also reduces work for investment manager as he need not hold funds.

Other risk management strategies include hedging with futures contracts, buying low beta investments Corrections are viewed less problematic than actual recessions. Investments should be diversified enough so that no single commodity can sink the entire portfolio. Learn more about market corrections and fluctuations to prevent from scam.

Counter-Cyclical Investing

Purchasing stocks or mutual funds that belong to an industry negatively correlated with major indexes, you can see your portfolio appreciate in value when the market struggles. These investments are described as “counter-cyclical.”

Hedging

The general concept is to reduce the risk of a security losing value by making a complementary investment. Counter-cyclical stocks could be considered a hedge. Purchasing real estate, gold or other alternative assets can be considered hedges. One common hedging strategy is to sell futures contracts on a stock.

Dollar Cost Averaging

DCA’ing is a method of making long-term investment purchases in a systematic way to prevent from market corrections.

Low Beta Investing

Invest in securities that have a low beta coefficient.

To overcome the market fluctuations and to diversify the portfolio, investors can make use of these strategies.

DC Fawcett Real Estate Reviews – The real estate market cycle

The real estate market cycle

Investors would have come across the word “market cycle” and wondered what does it mean and how much it influences your portfolio, assets and other investments. DC Fawcett Real Estate Reviews explains about the 4 stages of market cycle in this article.

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Accumulating the Assets :

The first step is “accumulating the assets”. The market cycle terminates when the asset value declines. At this juncture, investors are quite unwilling to do some investment pertaining to the dip in the market. The experienced investors consider this as golden opportunity and purchase these properties at low price just like a foreclosed home. When this process repeats, it becomes like a cycle and steadily the market grows and negativity fades.

DC Fawcett Reviews Market cycle

Markup

Having said that, we enter the stage two of the market cycle and the investors call it “Markup”. This phase is usually characterized by frequent fluctuations. At this point, many sideline investors join the market to do some investment. This will probably instill some confidence in the investors’ mind that have stopped involving themselves from stage 1 considering the current market situation is not healthy. This in turn makes the market competitive as retail investors join the race as they find the market to be potential at this point of time. At the end of this phase, we conclude that market has been recovered almost and new targets are set for the investors to accomplish.

Disbursement

The 3rd phase of the market cycle is called “disbursement”. This is the period where all their investments start to liquidate which is done to optimize the profit. The new investors or first-time buyers make use of this opportunity to accumulate their assets which results in volatility owing to fluctuating prices. Experts step away as they know the in and out of real estate market cycle. The fluctuation results in lows and the disbursement cycle get terminated.

DC Fawcett Market Cycle Overview

Mark Down

The final step is the opposite of step2, “mark down”. The investors realize that they will face both ups and downs in the process and in order to cope up, the start selling their stocks, which leads to downward trend. Investors who hold assets further may face panic selling situation, resulting in decline in prices. A pool of investors joins to buy properties at discounted price and thus the cycle moves onto step 1.

Investors must understand this process as it is quite complicated, it can be either profit or loss. The risk quotient is totally unpredictable in the real estate which is determined by volatility index marked by bear and bull periods.

2017 is characterized by bull market so far, in other words the market is optimistic with 20 percent raise in the stocks. The nation is also witnessing low unemployment rate which is another positive sign of the optimistic market. The bull market ends when bear market commences with the fall in stock market prices.

DC Fawcett Real Estate Physical Market Cycle

DC Fawcett Virtual Real Estate Investing club – How to use a Jumbo CD

A normal CD (certificate of deposit) will have a denomination of minimum 100,000 dollars whereas Jumbo CD’s have large denominations and investors are getting benefitted by receiving an interest for the amount deposited.

In this content, you will find DC Fawcett advising his investors about the usage of Jumbo CD, pros and cons.

DC Fawcett Real Estate Jumbo

 Why are they preferred?

DC Fawcett Reviews about the benefits of jumbo CD. The jumbo CD’s are preferred because of risk-free nature and considered to be a stable real estate investment.  The jumbo CD’s are sold by institutional investors like bank, pension funds.

  • Investors are paid with a sum of money as reimbursement during the contract period as they cannot withdraw money over this period. The longer the time period, the higher the denomination, the higher the rate of interest will be.

  • It is considered to be one of the reasonable options for savings as the investor is bound to receive significant amount as returns. Investors can prefer CD’S over savings account in a bank.

  • The most important aspect of jumbo CD’s is the guaranteed return on investment, though there is a bankrupt or market fluctuates, the investor is assured with the principal amount at the time of maturity.

  • For investors having high net-worth, Jumbo CD’s are offering an option to segregate the investment into parts and deposit in two banks. The amount which is not needed for next 5 years should be only deposited to avoid penalty.

  • Some banks offer a week or two as the contract period to make quick earnings. They are also called negotiable CD’s because you can sell off the CD to someone else; this option is not available for a normal CD.

Jumbo CD’s

  • They are used as collateral without the interference of the bank. We have already learnt about collateral loans, you can check out the piece of content in DC Fawcett virtual real estate investing club,  the investors must also learn how to prevent from real estate scams  as there are many fraudsters who pretend themselves as bankers and offer loans.

  • Consult with your financial adviser before you invest and ask how much can be invested as well. Learn which bank offers a nominal rate of interest and then invest.

  • The investor complains about the issues faced while using a jumbo CD. If the time period of the deposit is longer as well as the denomination, then high rate of interest have to be paid. It cannot be used for retirement savings.

They are not suitable in an environment where there constant inflation. To earn significant amount in return, you need to sign up a contract period for a pretty long time.

DC Fawcett Reviews jumbo cd

High penalty fee is charged if the investors wish to withdraw the money before the maturity. When you withdraw too early, along with the interest, a portion of the principal amount is deducted.

The amount of interest you incur at the time of maturity is taxable, so investors who like to pay only less tax will not choose this as an investment option. Not every investor can make such a huge capital investment.

Conclusion:

These are some of the emerging trends in real estate for 2017 and beyond as reviewed by Dc Fawcett. Real estate professionals must upgrade their knowledge about  real estate and face what is in store for them with ease.DC Fawcett virtual real estate investing club consists of blogs where investors can learn more about market cycles and sharpen the investment choices. Apart from market cycles, you can learn more on real estate scams and other marketing strategies.

 

Dc Fawcett Real Estate – Home Loan Schemes For Investors With Low Credit

Introduction

What are the home loan schemes for investors with low credit?

The real estate professional, DC Fawcett Real Estate mentions different solutions for the investors with low credit on how to apply for a home loan and get approval.

Many investors is assuming that they cannot qualify for a home loan if their credit score is low , but the myth is broken and there are various home loans schemes offering money with nominal rate of interest.

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DC Fawcett Real Estate Reviews on Home Loans

FHA home loans :

The investors usually try out FHA home loans which are offered by lenders who are supported by FHA and these loans are not directly provided by Federal housing administration. These loans are insured and investors can avail easily, even new investors can try out this scheme as it is the safest way to apply for home loans. The risk factor is less and minimum credit score is 580 and may vary depending on the lender and he has th e rights to set the minimum credit score.

VA loans :

The second type of home loans is offered by governments which are called the VA loans. The USDA housing programs and many schemes exclusively for investors with low credit are offered with reasonable rate of interest. VA home loans are offered by private lenders for ex-military officer, veterans and for community of retired investors. The biggest advantage is that investors can buy a home without making the down payment as long as there is appreciation in the property value as well as PMI (private mortgage insurance) premium is excluded.

Investors can browse about housing loans in detail by reading the blogs written in DC Fawcett virtual real estate investing club.

The home equity is calculated by property value and outstanding debts. These loans are easy to avail than a conventional home loan having strict guidelines. Lenders usually offer equity loan if they are offering a conventional home loan. Just like VA loans, equity loan’s minimum credit score can be set by the lender according to his wish.

The 203(K) loan and home improvement loans can be availed to do home renovation. They require 5 percent down payment is required when you avail home style loans and the minimum credit score is 680. The other features are similar to FHA loans. These loans are not suitable for home upgrade, but structural modifications are allowed. The 203(k) loans are of two types –standard and streamlined. The standard version is used for rehabilitation loans. Minimum loan amount of 5000 dollars can be availed.  Purchase loan can be applied if house needs major repair and structural changes. Streamlined loans are for smaller fixes like cosmetic light rehab. Maximum of 35,000 dollars can be availed for white washing etc.

Program Supports By Offering Loans

Some investors may like to invest on the outskirts of the city, the USDA  program supports by offering loans for low income community and first-time homebuyers, this also includes investors with bad credit. There is an assurance that 90 percent of their loans are sanctioned and no down payment is required.

The 502 direct loans are exclusively for rural home buyers, it has no down payment and these loans are offered only if the buyer needs a primary residence.

Mobile and manufactured home loans can also be purchased through loans, the conventional home loans can be availed, apart from that mobile and manufactured home loans are also offered by several lenders. The qualifications are same as FHA loans.

Make proper research before you borrow money, there are several incidents happening which are caused by scammers who pretend as lenders but are actually fraudsters.

 

Dc Fawcett Real Estate – Fundamentals of a credit report

Introduction

Fundamentals of a credit report

Credit denotes the amount borrowed by the investor and it is the deciding factor whether he/she can borrow or not as the lender checks for the credit score. DC Fawcett Real Estate presents a reviews on the basic elements of a credit report in this article.

Dc-Fawcett-Fundamentals of a credit report

Credit report contains

  • Loans that you have applied, borrowed past 7 years (there are few exceptions on the term )

  • Existing loans and amount borrowed

  • Monthly mortgage payment details
  • Payment report: mentions the date of the payment, this will show whether you have paid on time or not.

  • In case of bankrupt or foreclosure , those details are mentioned

  • Default loans

There are different types of default

  • Small: When a loan worth 500 dollars or less is repaid 6 months ago.

  • Medium: When a loan worth 1000 dollars or less is borrowed from financial institution or organization and repaid.

  • Large: When a loan worth 3000 dollars or less is borrowed and repaid.

  • High: When the loan default exceeds 10,000 dollars or more, the lender segments the default into several small defaults.

  • Unpaid defaults: These loans are yet to be repaid.

Credit bureaus collect the information of every investor which appears on the credit report. They are also called powerhouse of information. The source of information is through public records and databases. The information is distributed to the lenders when the investor approaches him for seeking a loan or whenever credit report is asked.  E.g. seller

Credit score refers to a number that is generated by a computer program, they generally check for particular patterns or red flags in your credit history. So after scrutinizing, your credit score is calculated and displayed.

The lender makes use of the credit score while you apply for a loan. Based on the credit score, the lender assigns the rate of interest.

Credit scores are used widely for borrowing money, applying insurance, renting, at times during the employment. It is checked so as to know how responsible and punctual you are in your payments.

When you need utility services, the credit score is checked, if the score is low; large deposit is required.

Dc Fawcett Real Estate Reviews – How to get financing?

Credit unions

In case your credit score is pretty bad, consider credit union as your first choice as they are willing to provide loans. Individual attention is given each investor.

Peer-to-peer lending services

They also provide loans for investors with low credit score.

Online lenders

Similarly, you can make use of online lenders who are not attached to any bank. Associating with such lenders increases the chance of getting loan.

Using collateral

It is yet another option where you need to pledge something of high value and borrow money. Mostly people pledge their land in case of collateral.

There are scammers who target these desperate borrowers, they pretend themselves as non-conforming lenders and get all the information from these investors. Later, the investor realizes he has been cheated.

Conclusion

To know more about credit scores and how to prevent from fraudsters, check out the articles in DC Fawcett virtual real estate investing club.

 

Dc Fawcett Reviews- Reasons for Real Estate Market Fluctuations

Introduction

Reasons for Real estate market fluctuations

Though real estate market fluctuates often, the need for multi-family homes continues to attract investors. The prices of these homes have really gone up and there is a huge demand among the buyers. Ultra-luxury condominiums are creating new dimensions in the spheres of the real estate market.

2016 seemed to be really unfavorable for investors as there were frequent fluctuations both economically and politically. But on the other hand, there was a high decline in rate of unemployment and there was rise in home price as well as in home sales.

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2017 spring and summer sales went on a high note, but the professionals have predicted that the market may slow down in 2018 and 2019.

Virtual real estate investing club is one of the ways to learn about the process of wholesaling or even you can start your career by virtual wholesaling to stay scam-free. 

Causes for fluctuations in the real estate market

  • The rise and fall of the economy

The economy of the nation determines the stability of the real estate market. If the economy is good, the demand for retail, commercial, residential space increases. This in turn, leads to expansion of office space and increase in rental price. On the other hand, a poor economy results in fluctuating market. It is not wise to invest in a market which concentrates on a single industry alone, as it may see a downward trend very easily.

  • Interest rate

The increase and decrease in interest rate also affects the market and causes fluctuations. The recent rate hikes have made the property values to fall. The borrowing rate increases and demand for properties decreases. The fluctuations will affect mortgage rate, so people availing home loan decreases. From sellers’ point of view, the fluctuations are bad as mortgage rate and property value decreases, but buyers make use of this opportunity and purchase real estate properties.

  • Government policies

The government policies will help the market to gain its stability; it is used to control both economy and rate of interest.

  • Demographics

Age, income and population will have a great influence in the market fluctuations. For e.g. if people start sharing their household instead of living in an individual apartment, it is a sign that market has started fluctuating and people cannot afford single-family homes.  E-commerce, one of the reasons while retail market rates have drastically reduced. Consumers purchase most of the goods online which led to the owners of the retail market face a financial loss off late.

To overcome these fluctuations, investors should master the art of real estate wholesaling says DC Fawcett.

Conclusion

DC Fawcett advises his investors to make long term investments as you can fetch high returns and find specific area to invest.  Real estate inventory also plays a pivotal role, if the inventories are more, then it is said to be sellers market else property value decrease causing high demand and low supply.

 

Dc Fawcett Real Estate – Methods of calculating NOI ,Profit Earning,Tips On Saving Money

Introduction:

Net operating income is used for the purpose of analyzing the income generated from real estate investments.Dc-Fawcett-Methods-of-calculating-NOI-Net-operating-income-768x543

NOI can be found on cash flow statements and property income. If the end result is negative, then it is called net operating income loss. It can be increased by hiking the rental payment or by decreasing operating expenses. Operating expenses are insurance, property management fees, utilities, property taxes and repairs.

Dc Facwett Real Estate formula

NOI is non-taxable income and it helps in calculating cap rate,  ratios like debt coverage ratio (DCR) which t

ls whether the property income includes debt and operating expenses or not. It measures the ability of income generation of a property. Lease analysis is the initial step to analyze how income is generated; it helps out the investors as it indicates both who has paid as well as the source.

Dc Facwett Real Estate formula 1

DC Fawcett Reviews further explains how to calculate NOI.

NOI formula

Potential rental income- vacancy and credit loss = effective rental income

Effective rental income +other income =gross operating income

Gross operating income – operating expenses = net operating income

Net operating income is positive when operating income exceeds gross operating income.

Dc Facwett Real Estate formula 14

Lets breakdown the formula of real estate

  • Potential rental income is also known as PRI is cumulative of rental payments if occupied entirely. If not, market based rents is used.
  • Vacancy and credit loss means income lost due to renters vacating the property or when they don’t pay their rent every month.
  • Effective rental income is the amount that the seller /owner gets in hand
  • Other income refers to laundry, parking etc.
  • Gross operating income is sum of all income generated from a property.
  • Operating expenses include personal and property taxes, insurance, management fee etc.

Dc Facwett Real Estate formula 2

Net operating income doesn’t include the following expenses

  • Debt: financing powers remains with owner /investor.
  • Depreciation: accounting entry alone so excluded
  • Home improvements: These changes are done according to tenant’s wish. So charges are not taken while calculating NOI.
  • Commission is paid to brokers and agents
  • Amount is allocated for repair and renovation work. Those funds are excluded.
  • Capital expenses are also part of repair work; it may happen in irregular interval.Dc Facwett Real Estate formula 15

NOI is used to

  • Measure the profit of an investment
  • Calculate underlying cash flows

Fake loan scam is a typical scam where scammers pretend to call from a renowned bank and say they offer a loan, some may get attracted and say yes meaning they are willing to avail the loan. You will know it’s a scam, when the amount deposited is with a low rate of interest.

Dc Facwett Real Estate formula 3

You can take help of the real estate professionals, tax advisors to calculate NOI for your property.

DC Fawcett Real Estate Tips – Methods Of Profit Earning

Real estate market helps the investors to earn profit in several ways. DC Fawcett, the founder of virtual real estate investing club has stated his reviews on how to earn profit. Let’s have a look at it.

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  • Inflation in value

The property is considered to be an asset, it can appreciate in its value only if it is sold or refinanced. Refinancing can be calculated using mortgage.

  • Raw land

Purchasing a raw land and constructing buildings on it. If the land possesses mineral content, it adds value to the land.

Dc Facwett Real Estate formula 4

  • Location and furnishing

The location is one of the striking factors; the property value depends on the area in which you purchase the property. So having a land in the heart of the city with all basic facilities in the surrounding will attract the buyers. The value can be further increased if your property is renovated and furnished at proper intervals.
Dc Facwett Real Estate formula 5

  • Commercial investment and lease

Investing on commercial property fetches more profit than any other type of investment. Many startups and organizations are in need of space, giving out for lease will gain you profit steadily.

  • Types of income

Renting is the easiest way to gain profit but you can be a way ahead by splitting the apartment into different rooms which can fetch you more rent.

  • REIT and MIC

REIT and MIC are firms which owns, manage and represent real estate market. REIT provide source of income to commercial property owners whereas MIC acts as the source of funding for mortgage.

Dc Facwett Real Estate formula 6

  • Under market value

Investing in properties having under market value can earn you good gains in addition to that if you possess negotiation skills.

  • House flipping

House flipping may either hit or flop , refer DC Fawcett blog to know more about house flipping strategies on virtual wholesaling.

  • Fore closured areas

Lenders may sell the non-performing notes (fore closured properties) to investors at discount rate, but it involves lot of risk. You can proceed if you are confident in paying the debt, title fee etc and make the property free from fore closure which the borrower failed to.

  • Wholesaling

Find an undervalued home under contract; assign a buyer who has to find another buyer who is willing to pay more than the (undervalued) price which is almost similar to the job of a real estate agent.

  • Real estate brokerage

This is for real estate agents who want to level up in his career. You can become a broker and      appoint few agents under you in which half of the commission is all yours. You can also run property Management Company, buying a vacation property, becoming a home inspector, investing in short sales.

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

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.

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  • 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.

Dc Facwett Real Estate formula 8

  • 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.

Dc Facwett Real Estate formula 9

  • 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.

    Dc Facwett Real Estate formula 10

DC Fawcett Reviews – Overview on risks of overpricing Method

To earn profit in a short span of time, overpricing is not a good strategy in real estate. Every seller should set the right price as every property falls into a particular market value range. If sold at right price, the buyers will make an offer else it will remain in the market unsold for long period of time.

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Dc Fawcett Reviews – The risks of overpricing a property which is as follows

  • Buyers lose interest on your property since they can judge that property has been overpriced as investors can make use of real estate blogs to know about the ongoing scenario and trends in the market. In return, you get a low offer for an overpriced property and you also eliminate the buyers who might be interested on your property.

    Dc Facwett Real Estate formula 11

  • Real estate agents are the first one to get price listing right after the property is on sale. Once he makes a realistic pricing, he will not offer you a deal with lower price, similarly if he overprice, it is clear that the buyer must ask a drop in the price. Negotiations are must when you deal with a real estate agent in order to save money from your pocket. Since the agents know about the property value, it is the buyer duty to make a proper assessment before purchasing a property. Many agents give an inflated estimation to the buyers; make sure you appoint ethical agents who can give the best estimates.

  • Listing services provide information about how long the property is on sale, if buyers notice that the property is unsold for long period of time, it creates a suspicion that something is wrong.

    Dc Facwett Real Estate formula 12

  • The price is determined finally by the seller, so the real estate agent or the purchaser cannot determine it. The returns don’t have any impact on market value. The market value is chosen to be the price the purchaser is willing to pay.

  • Overpricing creates an illusion that market is down, so they have overpriced it to earn huge profit.
  • It is must that the property should not be priced more than 20% of the selling price. Purchasers can research and make comparisons before they make an offer considering the factors like resale value, accommodation features.

  • Beware and not bargain, as buyers may turn down your offer. If the house is unsold for a long time, cleanliness and maintenance takes a backseat.

  • The seller must keep in mind that the buyers not only have a look on his/her property alone, he visits several other properties and can judge if it’s priced rightly or overpriced.

    Dc Facwett Real Estate formula 13

  • New laws have been enacted that if a property is overpriced; it will neither appreciate in its value nor will be eligible for loan.

Conclusion:

Dc Facwett Real Estate formula 16

Overpricing is considered to be a scam actually as realtors aren’t supposed to price their property more than the market value. In case you are looking out for a property and want to have an idea about pricing, DC Fawcett, founder of the virtual real estate investing club has written blogs on overpricing, investors can have a look at it before purchasing a property.

To know more about Net operating income, visit DC Fawcett virtual real estate investing club where several blogs has been written for the new investors. Virtual wholesaling is also recommended for new investors as it doesn’t involve money and no risk involved.

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