Are Real Estate Listings Right for You?
Often, investors think that real estate listings are not a good way to find properties. After all, people who own properties that are attractive to investors probably do not have time to wait around on an agent. There are many investors who decide to spend a great deal of time and money finding leads other ways. These alternatives often include staking out deserted properties, using bandit signs and 800 numbers.
But you should never neglect good sources of leads on investment properties. However, real estate listings often hold more promise than you might think. You can learn a lot of important things from real estate listings. These things could possibly help you spot a good investment.
Do not overlook free sources for leads. Use the real estate listings to help you target good investment opportunities. You should watch for these types of flags:
* • A house that has been listed for a long time - The owners might be getting nervous if a house has been listed for a long time. They may be unaware that a real estate agent is not their only option. Your contacting them could actually be a life preserver.
* Home prices that have been recently lowered - Houses with recent drops in price often are owned by people who are getting more motivated. After all, if they had time to spare then they would wait out the buyers. A drop in price can indicate that the owners need to get out.
* A FSBO sign is a good sign - People selling their property themselves may have bitten off more than they can chew. They may be happy to not have to deal with the situation anymore. Since they do not have to pay an agent they may take a lower offer also.
* Check out properties that offer owner-financing - Creative financing is an inherent risk. It frequently 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 see now how real estate listings are actually a great source of leads. You can start spotting potential deals in your local real estate listings today.
