How to Make the Most of Real Estate Listings
Many times investors think that they will not find leads in real estate listings. They believe that owners of distressed home will not want to wait around for an agent. Investors spend a lot of time and money using alternative methods to find deals. 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. 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.
You should not neglect to use free sources of leads. Use real estate listings to help you find good investment properties. You can look for the following “flags”:
* Houses that have been listed for a long time are good potential targets - If a house has been listed for a long time, the owners may be getting nervous. They may not know that a real estate agent is not their only option. Your contacting them could be a lifesaver as far as they are concerned.
* • A house that has recently had the price lowered - Motivated sellers often are compelled to drop their asking prices. After all, why would you take less money if you did not need to sell fast? A drop in price can indicate that the owners need to get out.
* A FSBO sign is a good sign - Selling a property on your own can be overwhelming. They may be delighted to have any offer than gets them out of their current situation. They also may take a lower offer because they are not paying commission.
* Owner financing is a good sign - Creative financing is an inherent risk. It often involves working with buyers who do not have the credit to get bank loans. Property owners willing to take this kind of risk generally are motivated sellers.
It is probably clear now that real estate listings are a great source of leads. Pick up your local real estate listings and start spotting potential deals.
