Many investors think that real estate listings will not help them find properties. They think that distressed property owners will not have the time 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.

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. You can determine a certain set of things from a real estate listing. These things could possibly help you spot a good investment.

Do not overlook free sources for leads. You can and should use real estate listings to locate good investment properties. You can look for the following “flags”:

* Houses that have been listed for a long time. - For one thing, the owners may be getting nervous. They might not realize that there are options outside of a realtor. They may consider your interest a lifesaver.

* Check for lowered prices - Motivated sellers often are compelled to drop their asking prices. 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 - It is possible that FSBO owners are getting overwhelmed. 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. - This type of financing has inherent risk. It often involves working with buyers who do not have the credit to get bank loans. A property owner who will take this risk is often a motivated seller.

You can probably see now how real estate listings can be a great source of leads. Pick up your local paper and see how many potential deals you spot in the real estate listings right away.

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Filed under: Loans

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