Philadelphia, PA - Off-market properties are homes for sale that are not listed on the local multiple listing service (MLS). Because they are not advertised to the public, they are a great way to scoop up a great deal. However, finding them can take some grit and patience. However, it is a worthwhile endeavor.
Ways to Find Off-Market Properties
One of the best ways to find off-market properties is to network with other real estate investors. By doing so, you'll gain access to thousands of properties that aren't on the market. Moreover, these connections will make negotiations easier. You can also reach out to contractors who may know of other sellers looking for a buyer.
Another way to find off-market properties is by targeting neighborhoods and zip codes that have seen a recent property boom. This way, you may be able to convince more homeowners to sell. Using software like DealMachine, you can create a lead list of potential sellers in these areas. You can then send a direct mail or call the owners to make an offer. If they are receptive, you can go door-to-door to express your interest in the property.
Off-market properties aren't listed on the local multiple listing services. The seller might not be actively marketing the property and might not have even thought about selling it. The key to real estate investing success is finding the property with the highest potential for financial gain and an owner who is ready to sell it.