« Real Estate Investing Tools & Tips | Main | Real Estate Investing 101 »
How to Use Real Estate Listings Effectively
By plrprousers | September 15, 2009
Often real estate investors believe that real estate listings are not good lead sources. They think that people with distressed properties will not have time to wait on an agent. Investors spend lots of time and money finding deals in alternate ways. They may spend time using bandit signs, 800 numbers and offering rewards for information on deserted properties.
But you should not neglect any way that you can get good leads on investment properties. Using real estate listings can yield better results than you might think. A real estate listing will help you determine certain things. You might end up with a great investment opportunity thanks to this information.
if they are good, do not neglect free sources of leads. Use real estate listings to locate great investment properties. Keep an eye out for the following flags:
* Keep an eye out for houses that have been listed a long time - It is possible that the owners are starting to get nervous. They may be unaware that a real estate agent is not their only option. They may feel as if you have thrown them a life preserver.
* Look for home prices that have just been lowered - People who drop their asking prices are often motivated to sell. After all, why take less money if you do not need to sell at all? If an owner needs to get out, a drop in price may be an indicator.
* FSBO signs in yards or listings are promising - People selling their property themselves may have bitten off more than they can chew. They may just be glad to get out of their position. Because they are not paying an agent, they may also be willing to take a lower offer.
* • Properties that offer “creative” or owner-financing - Creative financing is an inherent risk. It may involve working with buyers who do not have enough credit to get a bank loan. A property owner who will take this risk is often a motivated seller.
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.
Tags:distressed property,investment property,MLS,motivated seller,real estate investing,real estate investor,real estate listingsRelated posts
Topics: Finance | No Comments »