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

Today’s real estate market is complex, and if you have opted to sell your home during these hard times, you may be discouraged.  Real estate experts such as Dean Graziosi understand the market and before you start the selling process, it is essential that you do as well. 

First of all, contrary to what many believe, you can still sell your home in today’s market.  The truth of the matter is that if you have a home that people want to buy, and the price is right, the house will sell, it’s just a matter of how long it will take to get the job done. 

So, let’s assume you are ready to show your home.  Here is a checklist of some things you may have overlooked. 

• Have realistic expectations when it comes to the selling price of your home.  You must remember that in order to sell your home in a declining market, your home must be listed at today’s value. 
• Is your home in show condition?  Remember, you are not selling what is in the home, but the home itself.  Get rid of the clutter, this makes your rooms look bigger.  You should also clean your walls, floors and doors.  Invest in new light fixtures if they are outdated.  All of these things cost pennies on the dollar and can turn lookers into buyers.  Look at your home from across the street or from next door.  Does anything stand out that you may want to change?  Nice curb appeal is imperative, as buyers will make a judgment about the inside of your home just from seeing the outside. 
• In today’s market, you should be willing to negotiate on terms and financing.  It is much harder for buyers to be approved for home loans today than it was just a few years ago.  Therefore, if you are willing to assist in the financing part of things, your chances of selling greatly improve. 
• Above all, be patient and don’t get discouraged.  While it may take longer to sell your home, if you are proactive, it is just a matter of time.  Remember, chances are you are competing with thousands of other homes in your area, and many of them are foreclosures.  You must take the time to make your home appealing both physically and financially. 

If you think like a real estate investor, you can still find your success in the midst of a failing economy. 

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With the end of the year approaching, here are some ‘forecasts’ for the real estate market for the upcoming year. Of course, like the weather, unpredictability is the key and it’s important to remember that.

According to Lawrence Yun from the National Association of Realtors, he expects that home prices will rise about 2.8% in the coming year. But then again, the NAR is very optimistic in their prediction.

Currently, housing prices continue to drop and this is great news for those looking to invest in the real estate market. The longer a house sits on the market and the more eager the owners are to sell, the higher the probability will be that they will continue to reduce the selling prices. So if you have your eye on a piece of property, patience and persistence are the keys.

Areas to consider when looking for a real estate investment are Phoenix, Arizona; San Diego, California and the District of Columbia where good homes are known to sit on the market for up to half a year or more.

It’s a great idea to begin your search in the real estate market for homes that have been listed for at least three months. The longer they sit, the more anxious the home owners are to sell and the better the selling price will be.

According to CNNmoney.com, home prices are down almost twenty percent from the peak of the real estate market in July of 2006. They also report that there are approximately 18.6 million homes in the United States that are sitting vacant—the most since the Census Bureau began to track this figure in the mid-1960s.

So the forecast for investors in the real estate industry is one of optimism and hope. Good bargains are out there and with interest rates continuing to remain low, the opportunity to buy a beautiful real estate investment property is better than ever. 

Just remember that being patient when looking to buy a real estate investment is a good quality.

Happy Home Hunting for 2009!

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