DC Fawcett Real Estate Reviews – On Millennial Ownership

Introduction

Millennials are home buyers aging from 25 to 45 who are facing a tough time to buy a home as property prices have gone up. They take few decades to save money to purchase a property DC Fawcett Real Estate.

Initially, they have to save money monthly to pay for the down payment while purchasing a property. The savings range varies from each individual depending on their income and monthly expenses which is approximately from $200 to $1000 per month.

DC-Fawcett-Real-Estate-Reviews-On-Millennial-Ownership

But with the amount of savings, they are able to afford a condo probably. Single-family homes are very expensive according to recent reports. Depends on each city, the rate of the properties varies as well as waiting period of each millennial to purchase a real estate property.

The millennials are the first time home-buyers, so they usually invest in small condos rather than a single-family home. Also, there are more condos for sale than SFH.

DC Fawcett Reviews:

  • DC Fawcett talks about millennial home ownership and economy of the nation in the recent years. After 2008, home ownership has been historically low. From 2012, the affordability factor decreased, the property prices increases, which in turn resulted in low mortgage rate.

  • Those who have already purchased apartments are facing high rent issues. Few causes of not able to afford a home are student home loan debt; slow career growth, recession. Many failed to entitle the home ownership in 2014 and reports said that it will take 5 more years for them to buy a home.  

DC Fawcett complaints :

  • DC Fawcett complaints about the lack of knowledge and awareness among the young population, majority of the millennials are not even looking out for a home ownership as well as they are under estimating the cost of the down payment.

  • To know more about home buying in spring season, visit DC Fawcett virtual real estate investing club where buyers can get an idea about how homes are sold in spring. Spring is the time of the year when many properties are sold.

  • Millennials mostly do purchase a condo or a micro apartment around the same season. Many of them opt for rent rather than ownership. The recovery phase has just begun where many of them are looking out for a home to build their home equity.  They mainly look out for cleanliness and remodeled kitchens.

  • Around 3 million are expected to become first time home buyers where majority are millennials. As a first time home buyer, you must be aware of the scams that happen in a home buying process. Virtual wholesaling will help these new buyers as they can experience how real estate works.

Conclusion:

The job sector is improving and many are now affordable to purchase a home and finally started to embrace the home buying culture. The trend also shows that millennials age group now ranges from 25 to 35, and they are looking out for homes in suburbs.  Those with high credit score can avail low mortgage easily. But the mortgage rates either shoot up all in a sudden or declines overnight.

The housing market has just started to prosper and millennials are looking forward to spring home sale.

Advertisements

DC Fawcett Reviews – Emerging Trends In Commercial Real Estate

Introduction

Commercial real estate has a prominent significance in today’s marketing world and DC Fawcett Reviews the emerging technology trends in commercial real estate (CRE).

DC-Fawcett-Real-Estate-Emerging-Trends-In-Commercial-Real-Estate

Impact in CRE

The CRE professionals used Excel which contained all the database a decade now  have now transformed into automated systems consisting email ,accounting and other necessities in a sophisticated manner. These trends are used in startups and the impact is reflected on big data, smart cities and process automation.

Property management companies play a vital role as everything can be tracked down by the authorities and investors can make request on purchasing a property online and they can find the ongoing net operating income. These companies manage multi store buildings and properties

Market place

Market place lending has emerged more than residential real estate, as they are the main source of income for all commercial real estate ventures in different ways like crowd funding.

Big data analytics

Big data analytics has been a transforming force in each and every industry which has reduced man labor and has created a platform for CRE professionals to analyze the statistics in depth.

Alternate methods of investing

Crowd funding has emerged to be new trend in CRE. The MLS listing information available to genuine realtors has paved way for quick search of properties online.

Evolution of 3D

Though 3D came into existence decade ago, it is emerging as 3d models can be used by real estate professionals to show to the buyers for better visualization.

Post-transaction service is very essential and helpful for real estate professionals as it improves their value and building a rapport with real estate agents post transaction is beneficial.

Virtual reality

As we live in a fast paced world, many landlords don’t have time to show the property in person and may also consider hiring a real estate agent is costly.

At that point of time, virtual tour helps where you can show the properties online to the buyers who are interested in the property. This will save time as well as helps in eliminating the properties easily when you have multiple properties to look through.

IOT has helped the retailers to monitor real-time activities; this will help the investors to make his movie accordingly while making an investment. With the help of internet we are able to achieve everything mobile.

Artificial intelligence (AI) has helped the CRE professionals in structuring data and information of non closure, lease and other legal agreements.

It is important to cut an edge among other investors through different emerging ways of investing to stay in the race as well as earn quickly.

Commercial real estate scam happens mostly in form of misappropriation of funds means that when a person uses the money he obtained from loan to an unapproved project.

Advance fee scam is very common when a con artist approach you when you are struggling to finish the legal procedures of a new property, he gets so called “advance fees” from you stating he will assist you in completing the legal work, but he won’t.

Conclusion:

DC Fawcett virtual real estate investing club blog will help the investors to know more about the emerging trends in commercial real estate and how to prevent from scams.

DC Fawcett – Pros and Cons in owning a rental property

There are certain advantages and disadvantages in owning a rental property.  Now let’s look at both of them.

The advantages in owning a rental property:

  • Compared to other forms of income the advantages of owning a rental property is less. However, everything goes on in the appropriate manner, you can earn a huge sum from this stream of income.

    Pros-and-Cons-in-owning-a-rental-property-768x543

  • You will be having the benefit of a direct income flow through a rental property. The monthly paychecks will give you an income that you get when you don’t mostly carry out any work. In cases the mortgage is lower than your sum got for rent there will be the advantage of a surplus.

  • All the form of investments comes with a risk and so does owning a rental property. But once you go with this, you may get some reward out of it. The property will see appreciation in due course and your equity investment is balanced. There is also the chance of getting considerable tax break. At the case of selling off your property these two aspects will boost your income. This may also happen when you refinance the property.

  • You will upgrade and maintain your property. The value of the property will be enhanced during this course action and this is called sweat equity. You may involve in repainting the property etc. to improve the value of the property at a reasonable financial cost. This will be useful when you sell it at a later stage.

  • When you are owing and having control of your rental property there is the advantage of independence attached to it. But again you will not be able to earn your livelihood through the profit gained from just one rental property. Having said that, many prudent investors own and manage a huge number of properties which in turn requires lot of commitment and hard work. But the key is that they are in a situation to act out independently.

The disadvantages of owing a rental property

Sometimes the tenants will leave the place in such a mess that you need to repaint it. You may be also put in a situation wherein you have spend lots of money to make the property retain its original attraction.  Sometimes the tenants will even escape from paying the rents.

Not only do you need to have some cash for buying the property but should also have some money to manage it. If the tenant has put your property in a mess you may require lot of money.

The tenant is on the advantageous side when you don’t carry out the required repairs. This may be owing to your financial woes. But here then the law is favorable to the tenant only. It becomes essential to consult a lawyer who is expert in real estate to go through your lease.

There are risks for a rental property including the vagaries of the market. The property may see a depreciation, a succession of bad tenants etc.

Do clarify the questions regarding tax with your accountant.

The final note:

Managing and owning rental properties is one of the several alternatives and it may suit few people. You have to have cognizance of your financial position and your inclination to take up this alternative while moving on with this move.

Dc Fawcett, the founder of the Virtual Real Estate Investing Club, gives some sound advice regarding investing money in rental properties. One could get a fair idea regarding the real estate scenario by going through his blogs.

Qualities of Good Real Estate Agent – DC Fawcett

We would have spent very little time with real estate agent until we get into the process of buying or selling.  And, many of us would be first time buyers or sellers.  You would find it hard to make out an ideal agent from a substandard one.

DC Fawcett says that Each and every buyer is not the same. The experience level and the needs vary.  Those who are initially into the process of buying require lot of guidance.  Those who put in time and money need plenty of information.  Majority of them need help with respect to transaction and guidance when it comes to making decisions.

Qualities-of-Good-Real-Estate-Agent

When it comes to a resort, those who option for buying need added guidance and support.  However much the potential buyer has, it does not add to the credits if there is no actual experience in the market area.  Many of the residences are for an exorbitant rate, and the purchasers possess ample experience.  But, when considering the nature of particular vicinity, a realty agent’s expertise is required.

When you happen to be the representative for purchasers in other varieties of properties, a realty agent’s assistance is needed.  When you take into account the sellers, they prefer disposing their houses immediately and that too for an exorbitant amount.

Many of the sellers do not rely too much on the realty agents.  They want their property to be marketed, and of course Internet has made vast changes to the realty market scenario.

Some quality of Real Estate Agent

  • The ideal realty agent should possess sound interpersonal skills, and should be technology savvy.

  • The real estate agent should be proactive in the sense that they should inform you as soon as possible about your current stand in the purchasing or selling scenario. In this way you can shift your attention to a different property or another buyer. So the key is that there should be communication gap between the realty agent and the buyer or seller.

  • As a good real estate agent, it is very essential to give priority to the clients. The client should feel that he is having someone to rely upon.

  • The real estate agent should perform the work in a streamlined manner. When the sellers want to enhance the selling ability of their property the agents can guide them even with the minutest details. They don’t procrastinate and are punctual in their meetings.

  • Real estate agents are committed to their work and they possess lot of tenacity.

  • Honesty is the most important quality of a real estate agent. The agent should tell the real situation should converse in a straightforward manner. The sellers will not be stressed if the agent gives them an honest account of the current scenario.

  • A good real estate agent will be flexible to the requirements of the clients. The clients’ method of communication may vary and the good agent can adapt themselves accordingly.

Conclusion

DC Fawcett is the founder of the Virtual Real Estate Investing Club. He has a good idea of what is working better in the current real estate market.

Save

Save

Save