Real estate is a business that holds a lot of opportunities.
As a result, many individuals are attracted towards this occupation. Although
many individuals try to achieve success in this field, only a handful of them are
actually able to make most out of the business. There are so many reasons why
people fail in Real estate business. Lack of proper
guidance is one of the top most reasons why individuals are unable to make
their presence felt.
Experts like Dean Graziosi are serving common people from
quite a long time. Dean Graziosi is a successful entrepreneur and business man.
He is running a multimillion-dollar real estate business. He has made his life
out of real estate business and is serving, mentoring and teaching others who
are willing to make their life with real estate business.
Dean Graziosi has mentored many
pupils. Following are given top five tips for beginners. All these tips are
extracted from Dean's work. To get more of his mentoring, you must join his
forum and purchase his books.
1- Pursue
Foreclosures:
According to World Wide Web, Foreclosure is the process of
taking possession of a mortgaged property because of someone's failure to keep
up mortgage payments. Why sellers go into foreclosure is an entirely different
and mostly difficult situation for the sellers. As a buyer, you must consider
some points before contacting with the seller.
·
Foreclosure proceedings vary from state to
state. In some states, it takes almost an year to handover property in other
states the time period may vary from 3-4 months. Do check rules and regulations
of the state before contacting seller so that there is no confusion.
·
There is a period of redemption given to
defaulter. The Period is different in different states.
·
Keep emotions out of the deal. Yes, it is pity a
family is losing its house, but it is just a business for you. Prepare your
mind emotionally.
2- Compare the
prices:
Now that you have the foreclosure listings, next thing is to
compare prices. Go on to any reliable website and compare last purchase prices
with the price you are going to pay. This comparison will give you a chance to check
what margin you get out of the deal.
3- Search for the
buyer:
Next big step is to search for a buyer. There are so many
sources from where you can search for a buyer. You can find buyers by networking,
advertising and online. Out of all these, the most successful way of finding
buyers is to search for them online.
4- People, Market,
Property:
To become successful in real estate, it is very necessary
to understanding above-mentioned three characteristics. People, market and
property value vary with varying states and countries. It is quite possible
that one deal that went successfully in one area will end miserably in your
area. Before making any deal, one must study, research and compare quotes of a
particular area.
5- Failure:
Failure is first step on the ladder of success. If your
first few deals do not go successfully, do not lose hope. Try hard and approach
the area with different strategy. One day you will make most out of the REAL
business.
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