Where to Find Motivated and Distressed Sellers

There are many different types of motivated sellers looking to sell their properties outside the conventional real estate cycle. These distressed sellers include absentee landlords, probate estates, divorce filers, job or school district relocators and REO’s or real estate owned properties, which is a property taken back by a lender, usually a bank during foreclosure. FreedomSoft will provide you with instant REO leads.

Looking outside the conventional real estate advertising cycle, here are some ways you can find motivated sellers to include in your marketing.

Start searching the Internet. Many banks maintain online lists of foreclosed properties suck as Bank of America and Chase Mortgage. Some great websites that allow you to search by foreclosures are Realtor.com, Zillow.com and BuyBankHomes.com. BackPage.com and CraigsList.com are also great places to look for motivated sellers who are in pre-foreclosure, divorce, bankruptcy and probate.

Lenders will sometimes hire an asset management company to manage foreclosures on the lender’s behalf. Subprime mortgage companies use HomeEq Servicing, Wells Fargo uses Premiere Asset Services and Keystone Asset Management is an agency that deals with defaults.

Search for government agencies such as Housing Urban Development, or HUD, and Fannie Mae for foreclosure homes and the Department of the Treasury for homes seized by the Internal Revenue Service.

While some experts agree that auction companies often get higher prices due to the auction frenzy created among its bidders, you can get lucky and find a real gem at one. Real Estate Disposition Corporation, J. P. King, United Country Auction Services, Williams & Williams and Bid 4 Assets are some auction houses to check out.

Foreclosure.com and Realty Trac are web-based foreclosure companies who charge a fee for providing you with a list of foreclosure properties. They reason that it takes time, trouble and expertise to locate and assemble accurate national foreclosure lists. You may find it is worth the fee to let these companies search for you.

Another effective way to find wholesale deals is by using a bird dog. Bird dogs can range from casual contacts, such as mail carriers and service people, to professionals who are trained to scout for properties. Search for high school or college students looking to earn extra income. Also, new investors trying to break into the business make great bird dogs. Have your bird dog fill out a detailed form about the property and take pictures of the front and back. Then pay them either a referral fee or a per-lead fee.

Be aware that not all foreclosures are great bargains and you can run into unexpected and costly problems. If you are inexperienced at buying foreclosures, you may want to hire a real estate agent for guidance and assistance.

In addition to these creative ways to find distressed and motivated sellers, continue to use conventional real estate advertising such as direct mailings, bandit signs and newspaper ads. Attract them to contact you and build a rapport with them. Word of mouth is a great but underestimated marketing tool.

The most important aspect of your real estate investing business success is the consistent flow of motivated seller leads. Not only will FreedomSoft provide you with instant seller leads, it will also maintain and market to the leads you find on your own.

A consistent flow of motivated seller leads is an important aspect of your real estate investing business success. FreedomSoft will provide many instant sellers leads for you. Visit www.Preston-Ely-Freedom-Soft-review.com to preview this new software system.