Are Real Estate Listings Right for You?
Thursday, October 29th, 2009Many 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. 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 yield better results than you might think. You can determine certain important things from real estate listings. These things could help you spot a good potential investment.
You should not neglect to use free sources of leads. Use real estate listings to locate great investment properties. You should watch for these types of flags:
* • A house that has been listed for a long time - The owners might be getting nervous if a house has been listed for a long time. 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. If they had time to spare they would wait it out. If an owner needs to get out, a drop in price may be an indicator.
* FSBO signs in yards or listings are promising - Selling a property on your own can be overwhelming. They may just be glad to get out of their position. Since they are not paying commission they may take a lower offer.
* A good sign is when a property offers owner financing - This type of risky financing is always more perilous than bank loans. 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.
As you can see, the real estate listings are a great source of leads. Pick up your local real estate listings and start spotting potential deals.









