In today’s competing real estate market buyers are looking for creative ways to find off market deals. It is not uncommon for sellers to get 30-50 competing offers on there home and getting between $20,000-$40,000 over there list price. So how can buyers find off market deals where they are not in competition with dozens of other potential buyers. Below are a few suggestions on how to get an advantage over your competition when trying to find your next home.
Craigslist is a great way to find off market properties. You can search for homes for sale by owner by zip code. Often times you will find sellers who are not wanting to save on the commission by not listing the home with a realtor. Not only can you find low competition deals here but you may even get a better deal by not paying a broker commission.
Another great way to find for sale by owner properties is by doing a search on Zillow. Zillow was originally created to give homeowners a way to get a quick value of what there home is worth. It has since evolved to allow homeowners to list there home on the open market. Once again many homeowners list there home on Zillow to avoid paying the hefty broker commissions. This may be a great opportunity to find a low competition off market deal at a fair price.
ForSaleyByOwner.com is a website where homeowners can list there home for sale without the services of a real estate agent. You can filter homes by zip code. You may find a combination of distressed properties or fully updated homes that are move in ready. You will have to deploy some patience before you find the right home. If you check in weekly and set your preferences you just may find the right deal that not many other buyers know about.