Are Real Estate Listings Right for You?
October 11th, 2009
Many times investors think that they will not find leads in real estate listings. They think that if people have distressed homes they will not have time to wait around for an agent. Investors spend lots of time and money finding deals in alternate ways. These ways include 800 numbers, bandit signs and stalking down deserted properties.
But you should never neglect good sources of leads on investment properties. Using real estate listings can yield better results than you might think. You can determine a certain set of things from a real estate listing. Spotting these things could lead to a good investment opportunity.
Do not neglect a free source of leads. You will be able to use real estate listings to find great investment properties. Keep an eye out 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. However, they may not realize that they have options other than their realtor. Your contacting them could actually be a life preserver.
* Check for lowered prices - Houses with recent drops in price often are owned by people who are getting more motivated. After all, why would you take less money if you did not need to sell fast? If an owner needs to get out, a drop in price may be an indicator.
* A FSBO sign is a good sign - People who are selling their property on their own may be feeling overwhelmed. They may be delighted to have any offer than gets them out of their current situation. They might also be willing to take a lower offer because they are not paying a commission.
* A good sign is when a property offers owner financing - Creative financing is by its very nature risky. It often involves working with buyers who do not have the credit to get bank loans. A property owner who will take this risk is often a motivated seller.
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As you can see, the real estate listings are a great source of leads. Use your local real estate listings to spot some potential deals today.
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