Houses for Sale in Arkansas – Looking To Find A Good Home To Rehab
Houses for Sale in Arkansas Looking To Find A Good Home To Rehab
Are you hunting for a house for sale in Arkansas? Want to find a fixer upper? If you are looking at the rehab market for houses for sale in Arkansas, I can give you some ways to find the perfect starter house.
If you have only purchased a house to live in up to this point and have never bought a house to flip there are several ways to find that perfect rehab house. You might want to start using the term rehab house because in today's environment, banks are very negative on any real estate flipping.
I can help you with several ways to search for your house for sale in Arkansas that maybe you have not thought about. I will start with the easiest and most common way. Look for an aggressive and competent real estate broker, make an appointment, tell him what you are looking for. Be sure and discuss budget right from the start. Let the broker do all the searching they can. A realtor likes the idea of having a buyer on the side to pick up those not so attractive properties. You are helping the realtor make a quick sale and also helping yourself because you have gotten a good deal. Most real estate brokers like a quick check even if the commission is not that great. You can always look at the classified ads in the local newspaper for rehab houses. As expensive as advertising can be in the paper, you might check the larger newspaper in the area. If you have never searched for property for sale in Arkansas online, you might try that next. Over 90% of real estate purchased last year was first searched for online.
The above mentioned ways to search are considered the lazy man's way. Here is a way to find a truly good deal but requires a bit of work on your part. If you are looking for a rehab house for sale in Arkansas, look in the delinquent tax roll for a house with past due taxes. I am not an advocate of buying somebody's house for taxes, but it might just motivate them to sell at a better deal that normal. You could also travel the area you want to work in to find houses in bad shape. Look for grown up yards or anything that might indicate someone might want to sell their house.
When you locate a house, contact the Chancery Clerks office and get the address from them and mail them a letter asking to purchase their house. The letter should be simple and to the point. Ask to purchase the house in the first couple of sentences. They will be more apt to read it if it is to the point and simple.
This is an example of what you might say in your letter: Hi my name is Joe Brown and I am interested in buying property in Mississippi County and noticed from the courthouse records that you own a home in the area. If you would be interested in selling your house please call me at 555-555-5555.
Be insistent in your research since you make your money on investment property when you buy it not when you sell it so buy right and buy smart and you can make good money on houses for sale in Arkansas.
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