PH Real Estate - 10 Secrets of Finding Good Properties that You Never Knew

Finding good properties is easy when you know what you are faced with and how to go about it. There are plenty of good properties around, but finding the best for you is another thing. This entails knowing what you want and how to get it.  

Here are the secrets that you need to know:

#1 - Possess the qualities of a go-getter

You have to have what it takes to find the best properties that are most coveted. You have to be dedicated and determined. Go Getters, set goals and achieve them. They work untiringly and constantly on their goals with confidence. Be a good leader, team player and a source of inspiration and motivation for your team. A good leader knows that working with a group is most effective than working alone. Having the skill to draw your peers to your side would eventually lead you in finding better properties. Why? It’s because they would make an effort to help you out.

#2 - Search in the foreclosed list

There are good properties in the lists of foreclosed properties, which are mortgaged with banks. These properties were well-chosen and, therefore, are best buys. Many good properties were bought from the foreclosed lists of banks. However, there are setbacks in buying properties from banks. The competition is tough, since you will be competing with investors who can offer a higher value than you can. Processing time of foreclosed properties can take months, or even years. 

Despite hindrances on foreclosed properties, it is still a good source of choice properties, especially if you are looking for long term investments. 

#3 – Enlist referrals

Referrals from family and friends are superb sources of information about good real estate properties. They can lead you to amazing properties that you never imagined existed. Word-by-mouth is still a brilliant way to find houses and lands to purchase.  

#4 - Look for long standing offers in the market

Talk to an agent and find out the properties that have been in the market for a long time. The owners are anxious by now to sell it. If only to dispose their property, they will agree to discounts, which they did not approve previously. In most instances, the sale of a property is because the owner needs the cash, if his property has been in the market for so long and no one seems to be interested, he has no option but to give the property at a lesser cost. 

Most often, buyers find a property to buy in the list of long standing properties for sale.

 #5 -Find a property owner and negotiate directly  

One of the best strategies in finding good properties is to find a property owner who wants to sell and negotiate directly. Strategize so you can find the owner of the property. You can look him up in the find the person app on the internet, or you can go to the assessment office of the government and request for the name and address of the owner. 

Also, you can ask those residing near the property; they might know where the owner is. In this instance, you are reducing your costs by eliminating the middleman. 

Meeting the owner has its benefits. It will also give you the flexibility to negotiate personally on the terms of the sale. You might establish a mutual trust that may lead to discounts and perks.

#6 - Explore the auction option

Auctions can be good sources of good properties. Being in an auction is not always fruitful, but you will never know when a good property is up for auction. Many real estate agents and buyers have long lost interest in attending auctions. Hence, you may want to try it. It might be your lucky day. Attend the next auction and don’t the opportunity to find some good buys. 

#7 - Have a consultant ready at all times

You need to have your consultant ready for any eventuality. You don’t know when a good property is up in the market. When you find a property that seems good to you, contact your consultant immediately. 

You and your consultant can determine if the property is indeed a good one. You may lose your chance to strike a good deal if you delay in evaluating the property. A smart investor may beat you to the punch. As the say; ”The early bird catches the worm.”  

#8 - Investigate the Internet for investment sites

There are plenty of sites that offer investments on real properties that you can explore. You can choose from an array of properties from the various sites selling real properties. You can find properties listed on internet too, that were posted by owners. It is one fo the quickest ways to find good properties.

#9 - Join a community 

One of the best things to do if you are looking for good properties is to join the community of investors or association of investors. They may have a system of passing around information for properties that you can invest on. 

Investors share information among themselves. This can be properties that are up for sale or for investment. Joining these groups would help you gather more data on what investments are good and what are not.

In the US, they have organizations that are into investments. Just find them on the internet. 

#10 - Discover properties up for sale in your location by going door to door

The easiest way to start searching for real estate investments is to go around the place where you live and the nearby area and find out which properties are for sale. This would give you a chance to talk personally with the owners when you find one. You can negotiate immediately.

With these tips, you would certainly find good properties that are not known to many buyers.

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