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Are Real Estate Listings Right for You?

Thursday, October 22nd, 2009    Subscribe To Our Feed

Often real estate investors believe that real estate listings are not good lead sources. 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.

Any way that works for you to locate investment properties should not be overlooked. The use of real estate listings might yield better results than you expect. 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 overlook free sources for leads. Use real estate listings to help you find good investment properties. You should watch for these types of flags:

* • A house that has been listed for a long time - It is possible that the owners are starting to get nervous. They may not know that a real estate agent is not their only option. Your contacting them could be a lifesaver as far as they are concerned.

* Prices that have been recently lowered - 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? 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. Since they do not have to pay an agent they may take a lower offer also.

* A good sign is when a property offers owner financing - Creative financing is by its very nature risky. It may involve working with buyers who do not have enough Credit to get a bank loan. 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. Pick up your local real estate listings and start spotting potential deals.

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