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The Best Use Yet for Real Estate Listings
By plrprousers | September 8, 2009
Real estate investors often 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. There are many investors who decide to spend a great deal of time and money finding leads other ways. These may include bandit signs, 800 numbers and locating deserted properties.
You know that you should never neglect solid sources on leads for 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. You can and should use real estate listings to locate good investment properties. Keep an eye out for the following flags:
* Look for houses that have been listed for a long time - For starters, it is possible that the owners are getting nervous. They might not know that they have options other than a real estate agent. They likely will consider your interest with excitement.
* Look for home prices that have just been lowered - People who are dropping their asking prices are often motivated sellers. After all, if they had time to spare then they would wait out the buyers. The owner may need out if they have just dropped the price.
* FSBO (For Sale By Owner) houses are good targets - It is likely that FSBO owners are overwhelmed. They may just be happy to be out of the situation that they were in. Since they are not paying commission they may take a lower offer.
* • Properties that offer “creative” or owner-financing - Creative financing by nature is risky. It frequently involves working with buyers who do not have the credit to get bank loans. If a property owner is willing to take this type of risk they are likely 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.
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