» 8 Ways to Find Distressed Sellers » Posted by Realestator      

Where do you find Distressed Sellers? There are many different techniques investors use. Here’s a list of some of them that may work for you:

  1. Read the classified ads and look for desperate language like “OWC” (Owner Will Carry) or “Seller Negotiable.”
  2. Pick a neighborhood you really want to buy in and look for “For Sale By Owner” signs.
  3. Leave post cards that say “I Buy Houses” on the front door or on parked cars at houses with For Sale signs.
  4. Advertise with signs or newspaper ads that say “I Buy Houses.”
  5. Get a list from your realtor of homes that have been on the market for longer than 3-4 months.
  6. Call landlords with For Rent ads in the newspaper and ask them if they’d consider selling. Maybe they’re tired of landlording.
  7. Estate Sales or Divorce attorneys.
  8. Read the Tax Lien Sale notices – these sellers may be on the verge of losing their home if they can’t pay their taxes.

Learning to Find Distressed Sellers will give you an edge over other investors who simply use traditional buying methods.

For more real estate investing information, visit the realestator’s website at www.real-estate-investing-support.com

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» Posted in Buying Methods on May 21, 2008.

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