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Making the Most of Real Estate Listings
By plrprousers | September 5, 2009
Many investors think that real estate listings will not help them find properties. They think that if people have distressed homes they will not have time to wait around for an agent. Investors often devote a lot of time and money to alternative methods of finding deals. These alternatives often include staking out deserted properties, using bandit signs and 800 numbers.
But you should never neglect good sources of leads on investment properties. Real estate listings hold more promise than you might expect. A real estate listing will help you determine certain things. These things might help you decide whether a listing is a good potential investment.
Do not overlook free sources for leads. You will be able to use real estate listings to find great investment properties. Watch out for these telltale signs:
* Keep an eye out for houses that have been listed a long time - For starters, it is possible that the owners are getting nervous. They may not know 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 - 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 be an indicator that the owner needs out.
* • FSBO (For Sale By Owner) - 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. Since they are not paying commission they may take a lower offer.
* A good sign is when a property offers owner financing - Creative financing by nature is risky. It may involve working with buyers who do not have enough credit to get a bank loan. If a property owner is willing to take this type of risk they are likely a motivated seller.
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.
Tags:distressed property,investment property,MLS,motivated seller,real estate investing,real estate investor,real estate listingsRelated posts
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