Are Real Estate Listings Right for You?
Oct 22nd, 2009 by Reading and Writing
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 lots of investors who spend lots of time and money finding deals alternative ways. These ways include 800 numbers, bandit signs and stalking down deserted properties.
But any way that you can get leads on investment properties should not be neglected. Using real estate listings can often get you better results than you think. There are certain things that you can determine from a real estate listing. You might end up with a great investment opportunity thanks to this information.
Do not neglect a free source of leads. Use the real estate listings to help you target good investment opportunities. Watch out for these telltale signs:
* Look for houses that have been listed for 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 likely will consider your interest with excitement.
* Look for home prices that have just been lowered - People who drop their asking prices are often motivated to sell. If they had time to spare they would wait it out. Drops in price may indicate an owner’s need to get out.
* FSBO signs in yards or listings are promising - It is possible that FSBO owners are getting overwhelmed. They may be happy to not have to deal with the situation anymore. They might also be willing to take a lower offer because they are not paying a commission.
* Properties that offer owner financing have big potential. - 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 real estate listings and start spotting potential deals.
