Are you in the market for a house in Memphis ? Finding fantastic real estate deals doesn’t have to be something only the pros know how to do. In our latest post, we have put together some strategies the pros use to find great property deals in Memphis !
When you decide to buy a house in Memphis or the surrounding area, you will likely be looking to get the most value for your hard earned dollar. Many times, people spend much more than they need to when buying a home. The pros buy homes for great prices, and so can you. Whether you are looking to buy for personal use, or as an investment, by applying some of the techniques below, you will be able to find great property deals in Memphis
Find a Property Reseller You Can Trust
Finding great property deals is what a great reseller does for a living. Companies such as Memphis Investment Houses, LLC work diligently to find the absolute BEST deals and in turn, pass them on to you. Working with a professional from the get-go, will ultimately save you a ton of money and help you learn a lot about the local market for your next property purchase.
Go Directly To The Source
Some of the best deals are found off the MLS. The pros know where to find these deals, so working with a professional is a great way to get started. To find off-market properties on your own, there are a few ways you can start. One strategy is to bring the leads to you. Look for houses that aren’t being kept up. This can show the owner isn’t motivated to really care about the home, or that the owner has tenants occupying the house who aren’t really taking care of it. Either way, you will likely find many motivated sellers by going this route. To reach them, you can send letters or postcards that let them know of your interest. Don’t bombard people. Annoying a homeowner isn’t the way to buy a property. You can also run print ads, PPC marketing, and share your message on online. Some of this can get pricey, so if you are just starting out, you might prefer to work with a pro.
Put Up Signs
You have likely seen the signs on the side of the road offering to buy houses. They are commonly known as “bandit signs’ and while they may not look great, they can get deals in the door. This strategy isn’t right for everyone, and dealing with all the phone calls that go nowhere can be a bit exhausting. However, when you find the right deal, this low-cost way of driving in leads in, can be a very economical way to buy a property.
Network
If you want to find a great deal, people need to know that you are buying. Tell your family, friends, coworkers and anyone else who might know of a motivated seller. You can join different networking groups, meeting investors who can help guide you to where the deals are. By networking, you will meet all sorts of industry professionals who can lead you to some of the best deals. For example, you could meet an attorney, and partner with them on probate deals they come across. You could get great leads from property management companies. The list goes on and on.
Find Your Niche
If you are purchasing a Memphis home for investment purchases, it can help to find a niche. This will allow you to become the area “expert” in this certain type of property. You can choose from things like duplexes, mobile homes or even apartment buildings. Find your area of focus and master it.
If you are simply looking to find a great deal on a house for yourself, working with a professional, such as Memphis Investment Houses, LLC will allow you to find some of the best off-market deals available! Get in touch with us today, there is never any obligation!