Often, investors think that real estate listings are not a good way to find properties. They think that distressed property owners will not have the time to wait around for an agent. There are lots of investors who spend lots of time and money finding deals alternative ways. These alternatives may include bandit signs, finding deserted properties and running 800 numbers.
You know that you should never neglect solid sources on leads for investment properties. Using real estate listings can yield better results than you might think. You can determine certain important things from real estate listings. You might end up with a great investment opportunity thanks to this information.
Do not neglect a free source of leads. Use real estate listings to locate great investment properties. Watch out for these telltale signs:
* Houses that have been listed for a long time are good potential targets - 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 - People who are dropping their asking prices are often motivated sellers. 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.
* FSBO signs in yards or listings are promising - It is likely that FSBO owners are overwhelmed. They may be glad to just get out of their situation. They might also be willing to take a lower offer because they are not paying a commission.
* Owner financing is a good sign - Creative financing is by its very nature risky. It often involves working with buyers who do not have excellent credit or who cannot get bank loans. If a property owner is willing to 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. Pick up your local real estate listings and start spotting potential deals.
