The Often-Overlooked Opportunity in Real Estate Listings
Often real estate investors believe that real estate listings are not good lead sources. They think that people with distressed properties will not have time to wait on an agent. Investors spend lots of time and money finding deals in alternate ways. They may spend time using bandit signs, 800 numbers and offering rewards for information on deserted properties.
But any way that you can get leads on investment properties should not be neglected. Using real estate listings can often get you better results than you think. A real estate listing will help you determine certain things. These things could help you spot a good potential investment.
Do not neglect a free source of leads. You will be able to use real estate listings to find great investment properties. You can look for the following “flags”:
* • A house that has been listed for a long time - It is possible that the owners are starting to get nervous. They may be unaware that a real estate agent is not their only option. They may consider your interest a lifesaver.
* Look for home prices that have just been lowered - People who drop their asking prices are often motivated to sell. After all, why would you take less money if you did not need to sell fast? The owner may need out if they have just dropped the price.
* FSBO (For Sale By Owner) houses are good targets - People who are selling their property on their own may be feeling overwhelmed. They may just be happy to be out of the situation that they were in. Because they are not paying an agent, they may also be willing to take a lower offer.
* Check out properties that offer owner-financing - Creative financing by nature is risky. It may involve working with buyers who do not have enough credit to get a bank loan. If a property owner will take this type of risk they are likely a motivated seller.
You can see now how real estate listings are actually a great source of leads. Use your local paper to spot potential deals in real estate listings right away.
Filed under Construction Equipment by .