Tag: DC Fawcett VREIC

DC Fawcett Approach – How To Respond To Negative Reviews In Real Estate Industry

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Reviews are a critical aspect of any business especially in the field of real estate and there is nothing devastating like negative online reputation. At the same time, a series of adverse events doesn’t mean that you are a bad or incompetent realtor. To satisfy everyone is not an easy chore and on some occasions, it may be beyond your reach, but you should certainly do your best to respond to a negative review that will impact positively without finding the middle grounds of your basic business needs-DC Fawcett Approach.

A negative review has the potential to drag down your real estate rating, that’s why it is imperative to gain knowledge on how to respond to not so fortunate reviews and avert your reputation, brand, business from being tarnished. Listed below are some of the handy tips that will let you know how to act in response to negative reviews.

  • Take action promptly and appropriately- In view of the fact that, everyone else is having a close watch at the comments, be it positive or negative. Follow certain ethics, when it comes to responding for negative feedbacks. Don’t write something accusatory in return, don’t hasten to blame even if you think they are wrong, no emotional response, instead try to answer back in an appropriate way, it must be timely, balanced and professional. In simple stick on to calmness, clarity, and confidence when you reply.

 

  • Concise– Address the disapproval, but at the same time make sure it is to the point, this will help avoid problems down the line. Apologize for the inconvenience caused and direct them what to do by addressing the recipient.

 

  • Resolve the issue privately and respond publicly- Always prefer to resolve the issue privately. Addressing the recipient, the message that you send should have an introduction about yourself with greetings, thank them for using your services and also thank for the feedback given, apologize for the negative experience and fix the issue. As you try to resolve the issue privately, respond publicly as to what you have done to resolve the same.

 

  • Status– As you rectify the setback, keep posted the same to your customers and let them know that you care. Update about the actions taken after their reviews/ feedback.

 

  • Learn and don’t repeat– Finally, don’t forget to learn from the bad reviews and avoid reiterating. Providing key insights, unconstructive feedbacks should trigger more action towards customer satisfaction.

 

Remember, a negative review acts as a prospect to show off your customer support, so, while making an attempt to sort out and obliterate the unconstructiveness, you should have greater patience and control, most importantly what you can be in command of is how to act in response. Follow these aforesaid guidelines and turn a negative review into a positive customer experience. For many more guidelines about how to be successful in real estate industry, stay tuned to DC Fawcett virtual real estate investing club and change the way your real estate business functions, while also to know how to make tactical real estate decisions.

DC Fawcett Virtual Real Estate Investing Club Collateral And Home Equity Loans

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Collateral option is preferred by the investors when the loan amount is huge. The borrower has to be in consent with the lender that he is allowed to take a part of the collateral for selling purpose in case the borrower fails to make the payment. DC Fawcett Virtual Real Estate Investing Club  Usually the borrower pledges his land and the borrower can expect a reasonable amount when he applies for the loan.

DC Fawcett-Virtual-Real-Estate-Investing-Club-Collateral-And-Home-Equity-Loans

The collateral is used as an assurance from the lender’s perspective. It reduces the risk as he does not lose all his money when borrower falls short on his payment. The lender has all the rights to hold the borrower’s possession when there is a payment default, the possession can be sold and the amount can be used as reciprocal for the loan.

Instead of taking legal action and to avoid lengthy procedures, the lenders just sell off whatever the borrower pledges as collateral and make money.

Not only land, there are different types of collateral which is listed below.

The valuable asset can be in any form which can be made into cash when you sell.

  • Automobiles
  • Real estate
  • Savings account ( the lender takes the amount that is left in your account whichever is due)
  • Insurance policies

Usually the lender only sanctions a loan which is very much less than the value of the asset. There may be certain situations where you may need to add collateral when the existing collateral loses its value.

Collateral loans are usually applied by business men as well for personal use. They are the last choice when the investor has a bad credit score as these loans are expensive.

Similarly, home equity loans are preferred when the borrower is in need of huge amount. These loans are not having much strict guidelines and easy to get qualified. It is more of a second mortgage, when the first home you own has resulted in sufficient home equity.  These loans are considered to be safest and you cannot come across scammers and fraudsters as these loans are provided by the bank. Know you income and expenses before applying for the loan.

The following are the benefits of home equity loans

  • Rate of interest is low
  • People with bad credit score can apply for these loans as getting an approval are easier.
  • The investors get tax deductions

When the borrower fails to repay, his house which is kept as collateral is taken by the bank and the foreclosure procedure comes into force. The risk factor should be kept in mind before applying for home equity loan. The fear of losing your property will stop you from applying the home equity loan at times.

Also the bank should not approve loans having higher amount as bank may face a financial crisis if all those borrowers default in payment. The borrower can avail two options namely HELOC and lump sum, which is more like second mortgage type. To know more about second mortgage, the uses read the blogs in DC Fawcett virtual real estate investing club.

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 Virtual Wholesaling – Benefits Of Home Inspection

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It is important to inspect the entire house before you move in. It is called home inspection which is done at both occasions – selling and renting a property.  When a seller or landlord skips and marks for home inspection contingency, then it is better to avoid the deal and back out.DC Fawcett Real Estate

It is visual diagnosis of the property and determines the condition of the home. The inspection should be carried out with your listing or buyer agent for 2-3 hours minimum. (Time depends on age, condition, square foot of the house it differs). There are qualified home inspectors to do this task, make sure you go with them.

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DC Fawcett reviews points out the benefits of home inspection

Areas to be checked while inspection:

  • Checking whether all safety measures are ensured, it is must when you move in along with your children.

 

  • Basement should be checked for any water leakage if any and construction of the basement.

 

  • Inspecting the structural integrity and strength, condition of the home appliances, furniture, electrical, plumbing, driveway, walls, grading, Flooring, ceiling, gutters, and downspouts. Check if all are working or not.

 

  • Kitchen appliances, chimney and other fixtures

 

  • Bathroom fixtures

 

  • Check how to evacuate when fire or any natural calamity occurs.

 

  • Ventilation and insulation issues

 

  • Interiors and exteriors have to be checked thoroughly.

 

  • Doors and windows safety has to be checked, also the condition

 

  • Attics and garage , check if your vehicles can be parked without any problem

 

Benefits:

  • Ask the seller/ landlord to negotiate the price

 

  • Resolve the issues prior in case of any violation of the law

 

  • You can spend that cost on repair work if you find any during the inspection

 

  • Estimate the future repairs to be done and make approximate calculation

 

  • Enquire about home insurance and certifications.

 

  • A report is generated after entire inspection of the property for the buyer which gives an idea about potential expenses in future, condition of the property. Agent and buyers have a copy; the same report can be used by the sellers for any number of buyers.

 

  • Pre –purchase inspection will list out all the defects and positive features of the property in the report.

 

  • Pre- listing inspection is between an agent and seller

 

  • Provides confidence and peace of mind to the buyers

 

  • Improves image and professionalism, increases credibility

 

  • Closing cost time is saved

 

  • After sale –repairs and renovations work needed or not is discussed and corresponding issues are sorted out earlier

 

  • Referrals are identified from the fellow clients

 

  • Increases the chance of selling your home quick

Conclusion:

The home inspection is carried out by buyers, so he has to pay the expert team. It instills confidence and removes conflicts. To know more about home inspection and its benefits, visit DC Fawcett virtual real estate investing club.  Investors can make use of this blog to prevent from scam.