You know that you should never neglect solid sources on leads for investment properties. However, real estate listings often hold more promise than you might think. A real estate listing will help you determine certain things. These things might help you decide whether a listing is a good potential investment.
if they are good, do not neglect free sources of leads. Use real estate listings to help you find good investment properties. Keep an eye out for the following flags:
* Houses that have been listed for a long time. - If a house has been listed for a long time, the owners may be getting nervous. They may be unaware that a real estate agent is not their only option. They likely will consider your interest with excitement.
* Check for lowered prices - People who drop their asking prices are often motivated to sell. After all, if you had all the time in the world you would wait for your asking price. A drop in price can be an indicator that the owner needs 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 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.
* A good sign is when a property offers owner financing - This type of risky financing is always more perilous than bank loans. 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.
You can probably see now how real estate listings can be a great source of leads. Pick up your local real estate listings and start spotting potential deals.
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