In order to succeed when investing in real estate, it is necessary to find motivated sellers. By motivated sellers it is understood individuals who are interested in selling you property. The issue is that finding motivated sellers is not exactly simple. On the contrary, it takes a lot of effort and it is necessary to spend a great deal of money on mail advertising and signs. The mission of finding interested sellers is highly difficult, yet people like Kent Clothier have learned that everything is possible as long as you put in a little effort. If you succeed, the rest of the process will seem like child’s play. Now, let’s take a look at some effective ways to generate seller leads.
Unfortunately, real estate investors have not exactly had a good relationship with Craigslist. They largely believe that the classified advertisement website does not work for the industry in which they activate. They fail to take into account the fact that their ads do not inspire confidence. When advertising on Craigslist that you are interested in buying property, you should start thinking like your clients. To put it differently, if you are purchasing from someone that is going through a divorce, you should not push because no one likes being told what to do. The point is that when using cyberspace to find seller, you have to learn how to connect.
Bandit signs – a great way to advertise your intentions
Not only are bandit signs an affordable way to communicate your intentions, but they effective. Contrary to popular belief, bandit signs are not without success. If you write that you buy houses and include your telephone number, you are sure to be called by someone with lots of equity. The only problem is that you have to wait and implicitly have patience. To make sure that your bandit signs are visible, place them in the right locations in town. Equally important is the time when you out the bandit signs out. It is better to get your bandit signs on a Friday or during the weekend so that people looking to sell their houses will see them.
Try the MLS
Although there are many websites you can use to buy a home, the MLS is by far the best one you can find. An MLS or a Multiple Listing Services is a technology that is especially created to help realtors deal with transactions. It is not really difficult to find good deals on MLS, but you have to know where to look. You are likely to find opportunities in new and old deals alike.
Driving for money
If you genuinely want to find motivated sellers, you should consider driving for money. This implies driving around the neighborhood and looking for bad properties. A potential deal will not look pretty. On the contrary, it will messy or closed to abandoned. When you come across a property that is in bad shape, you should commence hunting down the owner, that is if he does not respond at the door. Begin a discussion, but be careful so as not to be too insistent. You may scare off the seller.