Residential Realtor Listings

Residential realtor listings (RRL) are another way of finding "nuggets." What is a "nugget" you ask? It's the house that is priced for a quick sale, OR a mis-priced house.

The advantages of RRL's is that you can get inside the home to view and once in a while you do indeed find that nugget. Getting into a home is so important to purchasing and turning or keeping a home. Like everything else, if it's a steal - time IS of the essence. Be prepared to make a bid the same day you see the listing if it's a steal of a deal. You know, the cream puff home.

The biggest disadvantage is that if you don't know the market intrinsically, you will spend an inordinate amount of time viewing properties that are NOT steals. If you have the time, fine. However most serious investors don't and this becomes truly an annoyance.

When it comes to the RRL, the best advice HZG can give you is to find Realtors that have a large listing base and get to know them. Let them know you are serious to purchase and only want the under-valued properties. Many Realtors, if they know you are serious, will do a lot of the leg work for you.

Real Estate agents can have great value if you find the right one.