subject: Acquiring Not For Sale Properties [print this page] Buying a property can begin by looking through newspaper advertisements, through a person who specializes in selling, and a search online. These are useful ways in choosing your next probable investment. There are a lot of competitive investors looking for a great buy.
A good way of obtaining a fine property investment is to make an offer on properties that are not yet for sale. Consider three things in obtaining real estate investment that is not for sale, consider three things. Start off by choosing what you want to buy. Rent a house or an apartment? Begin searching for an estate that suits your taste. Finally, call the owners.
Getting Non-For Sale Properties
Do not restrict yourself in buying properties that need a lot of repairs. You can choose from different properties because a lot of owners are prepared to sell. There's no way you will know why the owner is selling in advance. You will know by asking.
You must have a good judgement. Speak to the seller and tell him that you are a buyer, not an agent. Tell the owner that you're interested in his property. Tell him you can have an offer ready in a week if he's interested. If he doesn't agree, say thanks and then hang up but send him your contact details.
Many buyers acquire properties from owners who changed their minds. Explain to the owner that your deal will be based on revenues if the owner seems interested. This means you'll need some information. Particularly, you will need to know all operating expenses of the purchase.
Be ready for a confidential agreement before calling. Tell the owner that the deal will be signed and sent to him before you check the book. He may not want to let his lodgers know about him selling, so a check-up with the units will have to wait after the deal. Include in offer that an inspection will be made eventually.
Why invest this way? No competitors and cuts mean you can have a good price. Also, instead of waiting, you can find an ideal property for sale now. Why wait for it to be on sale before purchasing it?
