Business
of real estate is termed as real business, where you can create opportunities. But,
many realtors who are new in the field are often worried about ups and downs of
market. According to Dean Graziosi, if we act smartly, we can overcome ghost of
market vicissitudes. There is certain tact with the help of which you can overcome
market difficulties.
Dean
believes that in order to take successful steps, one must understand what were
past trends and what their impacts are today. Real estate
is all about
swiftly changing trends. However, real estate pundits are always keen to make
predictions about coming years. Dean Graziosi is one of those experts who know
about coming trends. He believes by hard work and determination one can convert
unfavorable conditions into favorable.
Dean
Graziosi is an expert realtor. He did not spend an ideal
childhood. He belonged to a poor broken family. After divorce between his
parents, he was living with his mother and grandmother. They were two siblings.
At the age of 16, Dean started his first business of auto parts. Amid auto
parts business, he signed his first real estate deal.
Since
then, he never looked back. Today Dean signs more than 50 real estate deals every day. He suggests all real
estate aspirants to keep an eye on real estate trends.
1- Rise in Price:
In 2012,
most of the property prices fell down. Dean predicts that 2013 will see a
considerable rise in property prices. There is a 5% - 7% rise expected.
2- Rise in sell:
There
was up to 12% rise in sales last year. This year even more is expected. All newbie
who were waiting to sale their property, this is the time to hit the chord.
3- Expected Rise in Rent:
Apartment
tenants will pay almost 4% more each year. Whereas for owner, there is an 11%
increase expected. Overall there is an expected 150$ rise in rents of
apartments. There will be a simultaneous increase in the rents of other
property types.
4- Fewer Foreclosures:
This
year banks, federal and private lenders are offering more easily accessible
loans. Easy availability of loans has decreased number of foreclosed
properties.
5- More Buyers, Fewer Homes:
This
year there is an expected increase in the number of buyers due to current
market trends. On the other hand, there will be fewer numbers of houses for
sale.
6- Low Interest Rates:
Money
value will stay low. There might be slight increase in the interest rate on
mortgages (they were record low in 2012). Overall, the rates will remain on
their historical low level.
7- More Homes in 2013:
Champan
University has predicted that this year builders will invest in more than 62000
new homes. This increase in investment may be due to an unmet demand in 2012. This
year there will be a clear rise in development of new houses and apartment
buildings.
8- Increased Furniture Sale:
This is
apropos to increase in the number of houses. As there will be more houses,
people will need more furniture to fill the space.
9- Weak Commercial Real Estate:
10- Increased Home Construction
Costs:
There
will be an increase in the cost of construction material. This is may be due to
an increase in the demand of construction material.
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