How come almost everyone but you gets the “good deals” when it comes to real estate? What’s the secret? I’ll share it with you…
The first step, you must always beat-out other buyers to every new listing. Here’s how to discover tremendeous real estate deals.
If you pay attention to the sliding real estate prices and the on-line programs on the net; it’s getting fairly painless for first time home buyers and investors to land killer bargains.
Here’s what I do to discover particularly good real estate deals where I live in Redding, CA. Before I go any further, let me ask you a single question: How many minutes does a $100.00 bill on the floor at K-mart sit around? Well, the same is true for low priced homes, they are gone very quickly. A bargain priced home that is a screaming deal sits around not more than one day on the market. More often than not, underpriced houses rarely hit the multiple listing service; they most often sell on the dining room table the same day after the realtor obtained the listing contract. So, what’s the secret – how do we un-earth these awesome opportunities?
As I live in Redding, I search the Internet with the term “Redding real estate” using an online query program. Find your local MLS by searching the web using the name of your location. Search for all “pending” listings that sold within three days of the listing date. Next, write back-up contracts on every pending house you are interested in. More often than not you will get two to three contracts out of 10 approved by the Seller. That’s the usual failure rate of almost all contracts. And, here’s the good part; writing backup offers doesn’t require money up front or the opening of escrow! Of course, there’s a bunch more to know. Therefore, speak with your real estate broker or lawyer.
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With currently available Web programs, my 12 year old son can dig up real estate “pay-dirt”. What’s the secret? I’ll share it with you…
If you’re a day late you’ll never get the best bargain of the century. Here’s what you do to pick up ultimate real estate deals.
If you consider the tumbling real estate values and the on line programs available on the Internet; it’s getting fairly easy for first time home buyers and investors to land killer deals.
Here’s what I do to discover pretty decent real estate bargains where my wife & I live in Redding, CA. But first, let me ask you a question: How many minutes does a $100.00 bill on the floor at K-mart last? Well, the same is true for under priced homes, they vanish in no time at all. A bargain priced home that is a screaming deal sits around less than 24 hours on the market. Most of the time, underpriced houses rarely hit the realtor’s MLS; they typically sell on the dining room table within hours after the agent wrote the listing. So, what’s the secret – how do you locate these awesome opportunities?
As I live in Redding, I search the Internet using the term “Redding real estate” using a free on-line search application. Find your local MLS by searching the web using the name of your city. Look for all “pending” houses that sold within 3 days of the list date. Next, write back-up offers on any pending house you are interested in. It’s pretty likely you’ll get 2-3 contracts out of ten accepted by the Seller. That’s the usual failure rate of the majority of real estate deals. And, here’s the good part; making backup offers does not require money up front or the opening of escrow! As usual, there’s a bunch more to be aware of. Therefore, consult with your real estate broker or lawyer.
