You’ve probably heard stories of people scoring unbelievable deals on off-market properties—deals that seem almost too good to be true. So, where can you find these hidden gems?
If you’re looking to uncover FSBO (For Sale By Owner) and off-market properties in any State Nationwide, our latest blog breaks down exactly where to look!
Some of the best real estate deals happen off the MLS. Understanding why sellers choose this route and how to connect with them is key to finding motivated sellers. With a little creative thinking, you can discover incredible opportunities in any State Nationwide!
We will go over some of the many techniques we use to locate off-market investment deals, and recommend joining FOMRE for free to gain access to our latest deals in your target markets. Just fill out the form below to be added to our list.
Be Direct
When properties aren’t listed on the MLS or major real estate sites, you’ll need to take the initiative to find them. One of the most effective ways to reach potential sellers is through direct mail. A handwritten letter expressing your interest and vision for the property can capture the attention of an owner who may not have even considered selling.
Picture yourself driving through your neighborhood and noticing a vacant home with incredible potential. The owner might not have listed it because it’s in poor condition and needs work. Or perhaps they’re holding onto the property with the hope of restoring it someday.
In the meantime, they’re losing money on annual property taxes and ongoing maintenance. Your direct outreach could be just what they need to finally decide to sell.
Locating property owner details is usually straightforward. Most counties offer public property records through the local property appraiser’s website. By searching the property’s address, you can typically find the owner’s name and, in some cases, their contact information.
By using direct mail and public records, you can uncover off-market deals and connect with motivated sellers before the competition. Start searching today and discover hidden real estate opportunities!
Network
There are many people you can reach out to who can help you find off-market properties.
- Property wholesalers are professionals when it comes to buying and selling. When you are first starting out, working with a wholesaler can be an excellent option! You will still acquire the property at a deep discount, just not as deep as if you would have acquired the property directly.
- Estate attorneys will often come into contact with individuals who want to sell property quickly and without fuss.
- Builders and contractors will often find themselves stuck with a half-built, custom project that another buyer fell through on. This gives you the opportunity to swoop in on the deal before they advertise it publically as being for sale.
- Real estate agents will often have the inside scoop on off-market properties. While you might still pay a commission, you will be able to get access to properties that the general public isn’t seeing.
Public Records and Auction Sites
You can search public records to identify foreclosures in your area, as well as review tax records. If a homeowner is several years behind on their property taxes and facing the risk of losing their home to auction, reaching out with a letter could be a great opportunity.
A simple online search can lead you to various auction sites listing foreclosures and other off-market properties. Be sure to research each platform carefully to avoid scams or unnecessary fees.
Recently Expired Listings
Keep your eye on recently expired listings on the MLS. The sellers are likely being bombarded by agents to relist the property, but if you can catch them before doing so, you will be able to work directly with the seller, without having to pay out a commission to the listing agent.
Do you want to buy an off-market property or FSBO? If so, we can help! Fill out the form below or give our team a call today! (888) OFF-MRKT / (888) 633-6758