investment property

September 27, 2009

Are Real Estate Listings Right for You?

Often, investors think that real estate listings are not a good way to find properties. They think that distressed property owners will not have the time to wait around for an agent. There are many investors who decide to spend a great deal of time and money finding leads other ways. These alternatives may include bandit signs, finding deserted properties and running 800 numbers.

Any way that works for you to locate investment properties should not be overlooked. Real estate listings hold more promise than you might expect. You can determine certain important things from real estate listings. These things might help you decide whether a listing is a good potential investment.

Do not overlook free sources for leads. Use real estate listings to locate great investment properties. Watch out for these telltale signs:

* Look for houses that have 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 feel as if you have thrown them a life preserver.

* 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. A drop in price can be an indicator that the owner needs out.

* FSBO (For Sale By Owner) houses are good targets - Selling a property on your own can be overwhelming. They may be happy to not have to deal with the situation anymore. They might also be willing to take a lower offer because they are not paying a commission.

* Properties that offer owner financing have big potential. - Creative financing is an inherent risk. It often involves working with buyers who do not have excellent credit or who cannot get bank loans. If a property owner is willing to take this type of risk they are likely a motivated seller.

It is likely clear to you now that real estate listings are a good source for leads. Use your local paper to spot potential deals in real estate listings right away.

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