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 may include bandit signs, 800 numbers and locating deserted properties.
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. Spotting these things could lead to a good investment opportunity.
Do not overlook free sources for leads. You will be able to use real estate listings to find great investment properties. Always keep an eye open for these flags:
* Houses that have been listed for a long time are good potential targets - It is possible that the owners are starting to get nervous. They might not know that they have options other than a real estate agent. They likely will consider your interest with excitement.
* Look for home prices that have just been lowered - People who are dropping their asking prices are often motivated sellers. After all, why would you take less money if you did not need to sell fast? A drop in price can be an indicator that the owner needs out.
* FSBO signs in yards or listings are promising - It is likely that FSBO owners are overwhelmed. They may just be happy to be out of the situation that they were in. Since they are not paying commission they may take a lower offer.
* Owner financing is a good sign - Creative financing is by its very nature risky. Usually it involves working with buyers 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. You can start spotting potential deals in your local real estate listings today.
