Often real estate investors believe that real estate listings are not good lead sources. They think that people with distressed properties will not have time to wait on an agent. Investors spend a lot of time and money using alternative methods to find deals. They may spend time using bandit signs, 800 numbers and offering rewards for information on deserted properties.
But you should not neglect any way that you can get good leads on investment properties. The use of real estate listings might yield better results than you expect. You can learn a lot of important things from real estate listings. You might end up with a great investment opportunity thanks to this information.
if they are good, do not neglect free sources of leads. Use the real estate listings to help you target good investment opportunities. You can look for the following “flags”:
* Keep an eye out for houses that have been listed a long time - 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 feel as if you have thrown them a life preserver.
* • A house that has recently had the price lowered - People who are dropping their asking prices are often motivated sellers. 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.
* A FSBO sign is a good sign - People selling their property themselves may have bitten off more than they can chew. They may be delighted to have any offer than gets them out of their current situation. Since they do not have to pay an agent they may take a lower offer also.
* Owner financing is a good sign - Creative financing is an inherent risk. Usually it involves working with buyers who cannot get bank loans. Property owners willing to take this kind of risk generally are motivated sellers.
It is probably clear now that real estate listings are a great source of leads. You can start spotting potential deals in your local real estate listings today.
Gavin King is the Designated Broker of Realty In Idaho.
