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

It is a common misperception among first time homebuyers that once you start dealing on a home, you cannot walk away from the deal. It may seem intimidating to say yes and sign an offer if you have never done so before.

For many people, it seems so difficult to stop the process. Yet, the deal is not done until the process is totally complete. There are times you will want to look closer, and there are other times you will want to turn away and run.

Look Closer

1. It seems too good to be true.

Perhaps it is too good to be true. Perhaps you are being sold a bill of goods. If so, then go ahead and walk away. However, you will not know this to be the case unless you find out more. Find out more about the issues that seem too fantastic to you. Find out about the owner. There may be some perfectly good reason she wants to sell her beautiful home at a reasonable rate. Give it a chance before you write off the deal.

2. The real estate agent seems unreliable.

An unreliable real estate agent can make you feel very nervous. It may seem like he is trying to hide something, or that he is not proud of the home in his listing. Step back and consider the entire situation. The real estate agent may not be a good indication of the value of the home. If you are extremely unhappy with the agent, but you like the home, ask the agent if you may work with someone else on the home. He may send in one of his associates. It is not always possible, but it might be worth a try.

3. The loan documents have been misrepresented.

Often, when people take out a real estate loan, the documents are misrepresented to them before the signing day. There is an easy solution to this. You have a right to have a copy of the papers and to have your lawyer look them over before you sign. Do it.

Walk Away

1. The foundation is cracked.

It is a monumental task to repair a foundation adequately. The best policy is to avoid any home with a cracked foundation. Look the home over personally to satisfy your own mind. Then, have a professional home inspector do his job. Make it a point to ask her about the foundation. She will make sure your prospective home is intact.

2. There is major and unresolved termite damage.

Why buy a home with termites roaming the structure and causing damage day by day? There are plenty of homes for sale that are termite-free. Look at that inspection report yourself, and walk away if there is any sign of runaway termite infestation.

3. The seller has not met your agreed upon demands by closing time.

Whatever you have agreed upon is what the seller has to do for the sale to be completed. The only way around that is for you to settle on a new agreement. If the seller does not meet your demands and you want out, walk away. 

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It is all too easy to get a home equity loan. Sometimes, you seek out a line of credit based on your home equity. Other times, loan companies will pursue you, sending you a barrage of offers to tempt you. It all seems like such a wonderful plan: you use money you have built up in your home to buy something you want or need. It is your money, after all. All you are doing is borrowing from yourself. It seems so reasonable.

Do not be fooled. If you were actually borrowing from yourself, you would not be paying interest, would you? As long as you remember that this is definitely a loan and that it may cause you to lose all equity you have in your home, you will be on the right track.

Start by considering your reason for the home equity loan. Is it worth jeopardizing the gains you have made in paying off your home? Do you want to put your equity on the line for an extravagant vacation or shopping spree? Examine your motives thoroughly before you even begin to consider taking out that home equity loan. You may decide it is not the wisest decision.

Sometimes, though, there are very good reasons to take out the loan. Perhaps your roof needs to be replaced and you need the money you have built in equity to do the job. This is an investment into your home. It makes sense to keep your home in good repair. If you cannot get the funds any other way, a home equity loan might be your best option.

In this case, your primary concerns will be about getting the best deal on a loan. Make sure you are dealing with a reputable loan company first of all. It is a good idea to go to a loan company you are familiar with, rather than buying into the advertising of the first one that approaches you with an offer.

Make sure you do not take out more of a loan than you need or can afford to pay back. Many people get into trouble because the money is so easy to come by. They never think about how difficult it might be to make the payments. Do not fall into that trap.

Understand the terms of the loan fully before you sign the papers. You might have payments that seem too low to be real, and then discover that they are followed by a huge balloon payment after a certain period of time, for instance.

Getting a home equity loan should never be your first knee-jerk reaction to life’s difficulties or your money problems. Make sure it is your best option before you pursue it. Then, if you do, get all the details and choose the loan company and the loan package wisely. You will be glad you did.

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Whether you are a buyer or a seller your real estate agent is someone you are going to be spending a lot of time with.  Buying or selling a home can be one of the most stressful times in your life, having an agent that is not helping to alleviate that stress is not good.  Your agent should be aware of your needs, what you are looking for in a new home or how acceptable an offer is.  There are many things that your real estate agent should do to help the process easier on you not harder.  If you are unhappy with your real estate agent we are going to offer you some advice on how to let your agent go.

If you are unhappy with your agent, whether you’re a buyer or seller you should probably move on.  Knowing when to move on to another agent can be tricky; you may feel obligated to stay with the first agent you began working with.  Never let your agent feel that you are under any obligation to stick with them until you have finalized a deal.  You are always more than free to move on and choose another agent who is more than willing to make your experience a happier one.  After all, you should be enjoying the time you spend viewing properties not dreading another meeting with your agent.  When choosing an agent it is important that you find someone who you feel is compatible with you, if you have an uneasy feeling with someone always move on to the next.  There are plenty of agents to choose from, find one that keeps your needs in mind when they are working with you.

If you are a seller who has become less than happy with the way that your agent is representing you will need to ask the agent to cancel the listing.  If for some reason your agent refuses to cancel the listing, you can then move up the ladder and contact the agent’s broker and request a cancellation from them.  If the broker also refuses to cancel the listing you can then ask them to assign another agent to you.  However, this is rare and most brokers will cancel the listing upon your request.  This helps keep their name from become sullied among other sellers. 

There are many reasons why your relationship with your agent may sour, they may refuse to listen to your needs or show you homes in areas that you are not interested in.  Communication is important when you are working with an agent.  Always be sure that they understand your needs and never let them talk you into anything you don’t feel comfortable with.  Be firm in voicing your opinion about homes you are viewing and make the agent aware of any problems that you are having with them.  Often, they will take this into consideration instead of losing you as a client.  

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The internet has opened up a new market to help get your home sold.  There are many ways to use the internet to help get your home the attention of thousands of sellers who are also using the internet to find their next home.  With the proper marketing technique used by your listing agent you will likely sell your home faster if the appropriate listing techniques are used online.  The internet is becoming more relevant in the process of buying and selling homes than it ever has been before.  With some helpful tips you and your agent will be able to successfully market your home online.

• The first thing that you and your realtor should do is determine the price that your home will be listed at.  To determine the price it is common for realtors to use comparable report that will list the prices of properties that have recently sold in your neighborhood.  This will help determine the asking price of your home.
• Next you should ask your realtor if they will be listing your home on the internet using the common websites that are used to list available homes for sale.  If your agent is reluctant to list your home online, you may want to choose another agent who is more comfortable listing homes online. 
• Once you and your agent have agreed to list your home online as well as locally, the next thing you will need to do is to choose the listing package that will allow you to reach as many possible buyers as possible.  This is typically a paid service and you should choose a listing package that fits your budget.
• The next step is to get your home listed online.  This will involve filling out a form that includes information about your house such as size, price and extras.  You should always include photos of your home both exterior and interior.  Buyers are more likely to view listed homes that offer multiple photos.
• It is important when listing your home online that you ask your realtor about listing expiration and renewal dates.  You should keep track of these expiration dates so that you know what to expect and when to expect it. 

The internet is a great way to bring potential buyers to your door; it has the ability to get your home noticed by thousands of buyers who may not normally see your home.  Listing your home on the internet will likely help you sell it fast and get the asking price.  If more than one party is interested in your home you may even experience a bidding war which will increase the amount of money you make on the sale of your home.

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