This is how you can find off-market homes and skip the competition.
If you’re looking to buy a home but don’t want to deal with the fierce competition in our market, it may be a good idea to look at off-market homes. This route can also help you avoid paying incredibly high prices, waiving inspections, and taking not-so-great terms. Here are three tips that can help you find off-market properties for sale.
First, you can look up the last 20 home sales made in the desired area and reach out to the listing agents who sold them. Here’s why: When we sell a house, we reach out to neighbors and give them information about the property we’re listing. During open houses, neighbors often come over to take a look, and this helps us create a list of people who may be thinking of selling their homes. Call the agents and ask them if they have any leads in these areas.
Next, you can do a tax search or use a skip tracing program to find contact information for people who live in the area. You can then write letters or even call directly to let the homeowner know that you’re interested in their home.
Finally, you can sign up with a local investment group and attend their meetings. These groups are a great way to find off-market properties, though these houses typically need a little bit of fixing. If you’re handy and willing to earn some sweat equity, reach out to an investment group.
These tips can help you find a great home without struggling in a market that’s filled with competitive buyers. If you have any questions or would like more information, feel free to reach out to me. I look forward to hearing from you soon.
