5 Ways To Find House Deals Now
According to the narrative the mainstream media is selling, house prices are shooting up thanks to a lack of property for sale.
At the same time, common sense, and the data suggests that there is a tremendous amount of financial distress out there.
So, how can you find the houses and do more wholesale real estate deals?
Sure, there are many tools being advertised online for identifying properties and leads virtually. Of course, this may not work as well as it is marketed, and may now be saturated with competition.
Try these ideas instead…
Realtor Yard Signs
It may sound counterintuitive. However, many properties do not sell simply because agents fail to answer their phones or respond to leads.
Try calling on the for sale signs you see. If they answer, you may be able to strike a deal that way. If they don’t, then you can bet the owner is stressed and frustrated, and is looking for another way to get their property sold. Just be mindful of the rules regarding commissions being due.
Old Listings
Brand new listings get all the attention. You’ve probably got alerts to new listings yourself. That’s often not where the real deals are.
When was the last time you scraped older listings on Craigslist for example? Ads that may not be getting any competition. By now the owners may be even far more motivated to strike a deal and offer a discount.
Private Lenders
Private lenders have been incredibly busy putting out money over the past few years. Now many of their borrowers are not paying. Even though there may be equity in properties, and lenders have more than made their money already.
Lenders may foreclose and flip you these deals. Or simply introduce you to their borrowers to work something out.
Blog About It
Social media may be super saturated with cheesy junk, and so many ads that users have become immune to them. Yet, when it comes to homeowners searching for help, they’ll still most likely end up on Google. Which is going to feed them articles, blogs, and websites around their search terms.
Try starting a blog, or reviving and scaling one you’ve already got. Publish some content focused on how to sell your home in a variety of situations, and become the trusted advisor they turn to.
Inherited Property
A grim, but true statistic is that almost 3.5M people die in the US, every year. Based on homeownership rates, more than half of them may own a home at the time they pass away. This alone is a huge pool of properties.
Heirs and loved ones left behind need help. They are often left with a big debt that they cannot carry, and a lot of work. Often they just want to turn those properties into cash as quickly as possible.
However you plan to find your house deals, check out our Fall interest rate deals from 1% for funding your next acquisitions.
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