Are Real Estate Listings Right for You?

 

Real estate investors often think that they will not find leads in real estate listings. They think that distressed property owners will not have the time to wait around for an agent. There are lots of investors who spend lots of time and money finding deals alternative ways. These alternatives often include staking out deserted properties, using bandit signs and 800 numbers.

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. You can determine a certain set of things from a real estate listing. Spotting these things could lead to a good investment opportunity.

if they are good, do not neglect free sources of leads. Use real estate listings to locate great investment properties. Always keep an eye open for these flags:

* Houses that have been listed for a long time are good potential targets - 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.

* Check for lowered prices - People who drop their price may be getting motivated to sell. After all, why take less money if you do not need to sell at all? A drop in price can be an indicator that the owner needs out.

* FSBO signs in yards or listings are promising - People selling their property themselves may have bitten off more than they can chew. They may be happy to not have to deal with the situation anymore. Since they are not paying commission they may take a lower offer.

* A good sign is when a property offers owner financing - Creative financing is an inherent risk. 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 see now how real estate listings are actually a great source of leads. Pick up your local real estate listings and start spotting potential deals.

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This entry was posted on Monday, August 31st, 2009 at 2:14 pm and is filed under entrepreneur. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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