The Best Use Yet for Real Estate Listings
Many times investors think that they will not find leads in real estate listings. They think that distressed property owners will not have the time to wait around for an agent. Investors spend lots of time and money finding deals in alternate ways. These alternatives often include staking out deserted properties, using bandit signs and 800 numbers.
But any way that you can get leads on investment properties should not be neglected. Real estate listings hold more promise than you might expect. There are certain things that you can determine from a real estate listing. Spotting these things could lead to a good investment opportunity.
Never neglect free sources of deals. You can and should use real estate listings to locate good investment properties. Keep an eye out for the following flags:
* Houses that have been listed for a long time. - If a house has been listed for a long time, the owners may be getting nervous. They might not realize that there are options outside of a realtor. Your contacting them could be a lifesaver as far as they are concerned.
* Home prices that have been recently lowered - People who are dropping their asking prices are often motivated sellers. After all, if you had all the time in the world you would wait for your asking price. The owner may need out if they have just dropped the price.
* A FSBO sign is a good sign - It is possible that FSBO owners are getting overwhelmed. They may just be glad to get out of their position. They also may take a lower offer because they are not paying commission.
* Check out properties that offer owner-financing - This type of risky financing is always more perilous than bank loans. It often involves working with buyers who do not have the credit to get bank loans. If a property owner will take this type of risk they are likely a motivated seller.
You can probably see now how real estate listings can be a great source of leads. Use your local paper to spot potential deals in real estate listings right away.
This entry was posted on Saturday, October 24th, 2009 at 5:17 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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