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Posts Tagged ‘motivated seller’

Many investors think that real estate listings will not help them find properties. They think that people with distressed properties will not have time to wait on an agent. Investors spend a lot of time and money using alternative methods to find deals. These alternatives often include staking out deserted properties, using bandit signs and 800 numbers.

But you should not neglect any way that you can get good leads on investment properties. Using real estate listings can often get you better results than you think. A real estate listing will help you determine certain things. Spotting these things could lead to a good investment opportunity.

Do not overlook free sources for leads. Use the real estate listings to help you target good investment opportunities. Always keep an eye open for these flags:

* Look for houses that have been listed for a long time - 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. They may consider your interest a lifesaver.

* Look for home prices that have just been lowered - Motivated sellers often are compelled to drop their asking prices. After all, if you had all the time in the world you would wait for your asking price. The owner may need out if they have just dropped the price.

* • FSBO (For Sale By Owner) - It is possible that FSBO owners are getting overwhelmed. They may be glad to just get out of their situation. Because they are not paying an agent, they may also be willing to take a lower offer.

* Owner financing is a good sign - Creative financing is an inherent risk. It frequently 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.

You can probably see now how real estate listings can be a great source of leads. Pick up your local paper and see how many potential deals you spot in the real estate listings right away.