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Clinching The Best Deal In Real Estate

Aug 17, 2007
In order to be able to solve other peoples problems, you must have more knowledge, ability, experience, contacts, and resources. But, just having the ability to solve other peoples problem is not enough. You must have your strategy drawn out such that you can get people calling on you or coming to you with their specific problems/deals before your competitors succeed to reach them. Let me give you some tips, which can effectively help you finding some great deals.

Get The First Copies Off The Press
Whether it is bulletin boards, local papers, or small independent publications, make sure you get one of the first copies of such publications advertising the real estate off the press. Let no one beat you to the punch. The best way to do this is to go directly to the facility that houses the press and get your copy before others.

Advertise Yourself
It is always prudent to advertise yourself so that those people who are thinking about selling can get back to you. This can be very beneficial because once these sellers decide to advertise, the competition will be high and your chances of getting that deal will be low. So, act fast.

Choose A Large Population Center
By choosing large population centers, you can effectively increase the probability of your success. But, at the same time, you will also have to remain in the market with your eyes open and constantly looking out for your type of deal.

Foreclosure Auctions, Tax Sales, And HUD and VA Listed Properties
Keep a watch on your local paper and see if there are any foreclosure auctions, tax sales, and HUD and VA listed properties. You must keep in mind that the best way to avoid competition and get the property at a very low price is to participate in the auctions that are held in bad weather and where the property has to be sold at any cost. Therefore, keep your eyes open, and if you find such an opportunity, grab it!

Post Fliers
Mark out the place where large numbers of people gather, such as colleges, shopping centers, public bulletin boards, local businesses, churches, bowling alleys, etc. Post fliers at all such places. While doing this, you must work with proper planning. You can print cards that inform readers that the advertiser will pay them a good sum (say $200) if they refer a property which you, the advertiser, might be interested in. If you are distributing business cards, print a bulk of them and get them distributed. You can also advertise yourself through other media such as television, radio, phone books, street benches, bumper stickers, billboards etc.

Never Miss Even The Smallest Opportunity
Even if the properties are overpriced, make as low an offer as you can, and forget it. This costs nothing to you, but it may gain much. Your deal might get selected and you may receive a call after a month or so.

Overall, if you keep in mind the above things, you will certainly end up clinching some great deals.
About the Author
James Klobasa, once broke with no job and $20,000 in debt made a choice that changed his life forever. That choice was investing in Real Estate. With the founder of, The Little Building Co. you too, can learn at Real-Real Estate Investing
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