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How To Easily Find Hot REO Listings For Free

By Christia Filan


How does a person find a deal on real estate? It used to be that if you wanted to find a deal on a house, you either had to know someone. By knowing someone, means knowing a person who is a licensed real estate agent or broker. They have access to FMS and FMLS and there are always sweet deals to be had accessing those databases.

Who do you know? With this method of access, you are in paradise! Providing you have constant access. It used to be that only ones that possessed accessibility to the sweet discounts were authorized realtors. Although those times have changed, brokers continually come across major discounts.

This is going to cost you. In the event you do not have a connection, the next phase is ponying up. Look to pay out excessively high monthly fees to get authority to access the assorted real estate databases. Naturally, these types of subscriber lists are generally invaluable for investors set up to take advantage of them.

Gem of deals are no longer hard to find. Based on everything that you've learned thus far, the deals that netted biggest profits were hard to find. The emphasis is on, "Were!" As in past tense; now days, those expensive lists are provided for free by numerous sources.

Where are the deals? One of the first places you should start looking is Craigslist. Believe it or not, the free online advertiser gets a large share of property owners, investors and even real estate agents who advertise some deals that will knock your socks off.

Another place to look? The power of the search engines cannot be ignored. Remember those lists we talked about earlier? Companies now place a limited version of the FMS and FMLS online. In addition, many banks and lenders now provide public access to their REO listings, foreclosure listings, and etc. cetera, for free.

Paying full price is for the naive. At the moment, forking over top dollar should not be an alternative. Not when it's possible to conveniently find dealers that are willing to sell their properties at a discount to just to move them. The hot button is staying ready to wrap the transaction up expediently.

There resources are endless. In fact, in terms of finding sweet you almost don't have to get in your car. Using the power of the Internet, you can literally find deals all day long in any community and in any price range. If a house purchase is on the horizon for you, let your fingers do the walking and find the real estate deal you've been hoping for.




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