DEAN GRAZIOSI: DEAN GRAZIOSI REVIEW – REAL ESTATE FEED BY DEAN GRAZIOSI

That’s a question Dean Grasiozi is often asked and the answer is simple, the time is always now, especially since the market has slowed and homes are being listed for longer periods of time—meaning the price continues to drop.

In April of this year, inventory of homes on the market rose by 10.5% with about 4.5 million homes listed as for sale compared to the same time frame in 2007. So there are bargains to be bought.

There are a number of niche markets that prospective real estate investors should consider looking into:
a) For Sale by Owner Market.

b) Condominium market.

c) Foreclosure market.

d) Resort and Vacation home market.

If you’re looking to buy something in a geographical area you don’t currently live, Dean Grasiozi suggests you use the World Wide Web to find articles and information about the area you’re interested in. There are a number of websites that keep up to the minute information about trends in real estate and the perfect place to look.

You might also consider making sure you have other professionals on your team to help you with questions that come up when buying investment real estate properties.

• A Real Estate attorney is great to have especially one who is experienced in handling all types of purchases.
• A Contractor is useful when you’re looking to buy a property that needs fixing up.
• A certified public account that knows real estate and preferably has already purchased several properties.
• Of course it is quite possible to become a successful real estate investor without any of those aforementioned professionals.

So there’s no time like the present to start buying your own real estate investment properties and add to your investment portfolio.

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When you are in the market for a home then sooner or later you have to deal with a mortgage and understanding the way mortgages work, especially in the current market is a HUGE issue for many buyers. I cant tell you the number of times we here at Dean Graziosi have been asked about mortgages and how they work. We estimate that about 75%  of new home buyers have a difficult time understanding the real estate market and how mortgages work. In fact many people just don’t buy a home or invest in property because they don’t understand the mortgage process and find the whole thing very scary when buying real estate.

The Answer

The answer for people that are in the real estate industry and who want to increase sales, is to help the consumer understand the mortgage process, address their fears, and do whatever we can to help them with their purchase. You need to address financing, interest rates, monthly payments and especially down payments.

Down Payments

The sizable amounts that are now required for down payments have also become a huge issue for many home buyers.  It is estimated that almost 30% of possible home buyers are not in the market to buy a home because of a lack of a down payments, that’s even more people than those that have poor credit.

If People in the real estate business could help people address these fears and issues then more people would be in the market for homes. They would cut expenses in other areas such as personal luxuries, clothing expenses, and would stay home more often, if there were a way to lower their down payments.

This type of survey done by Harris Interactive, is not alone, other surveys within the real estate industry have come up with similar conclusions. So, the answer for those of us in the real estate market is to address the issues of home buyers and help them get into the home of their choice even if the real estate market is on a down turn.

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The primary reason is because real estate produces money in more ways than one. So when you are looking for real estate for investment purposes you are probably thinking about how the property can make money for you in the future and you need to keep that in mind before making your purchase.

Dean Graziosi, a prominent real estate investor, says that you need to think about the future value of the property, but also its rentability. Income generated from rentals can be quite good when it is administered correctly. You need to purchase the property at the right price, keep maintenance and expenses down. If you keep the building, apartment, condo or house well maintained then you will usually make money on the investment.

There are a few things you should be aware of when thinking about buying real estate as an investment. 

First you need to consider the neighborhood. If you choose a neighborhood that will go down in the future, then this will affect your investment negatively. You will have a harder time renting the property.

Carefully consider the city’s infrastructure. You don’t want to buy a property where factories will soon go up or where there will be an airport. The good thing is that this type of construction is usually announced well in advance giving you time to sell the property.

Appliances and equipment should be in good repair. Nothing devalues a property more than old water heaters, roofing, appliances, etc. This means you will also need to invest in maintenance of the property, so your buying price should reflect that.

Even with all of these factors that need to be watched for buying real estate in a downward turned real estate market can be a blessing in disguise for a Savvy real estate investor. There are many motivated sellers who are willing to reduce the price of a property, and offer other great incentives for the right buyers. The point is that you hone your negotiating skills and realize that the buyer needs to sell, and will at a great price.

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