Real estate investors often think that they will not find leads in real estate listings. 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 may include bandit signs, 800 numbers and locating deserted properties.

But you should never neglect good sources of leads on investment properties. The use of real estate listings might yield better results than you expect. You can determine certain important things from real estate listings. These things could help you spot a good potential investment.

Do not neglect a free source of leads. You can and should use real estate listings to locate good investment properties. Always keep an eye open for these flags:

* Houses that have been listed for a long time. - For starters, it is possible that the owners are getting nervous. They may be unaware that a real estate agent is not their only option. They may consider your interest a lifesaver.

* Check for lowered prices - Motivated sellers often are compelled to drop their asking prices. 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 - People who are selling their property on their own may be feeling overwhelmed. They may be happy to not have to deal with the situation anymore. They also may take a lower offer because they are not paying commission.

* 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. Property owners willing to take this kind of risk generally are motivated sellers.

It is likely clear to you now that real estate listings are a good source for leads. You can start spotting potential deals in your local real estate listings today.

Tagged with: • • • • • •

Filed under: General

Like this post? Subscribe to my RSS feed and get loads more!