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How To Find ��For Sale By Owner Properties�� FSBO��s In Your Area To Market And Sell To by Rob Lawrence
For sale by owner properties, or FSBO��s as they are commonly refereed, are some of the best places to look for new clients. If done correctly,ralph lauren polo shirts for women, they can provide a steady stream of interested and motivated new home purchasers. And at very little cost.
As a loan officer, your goal is to become the mortgage source that the FSBO seller will refer interested home buyers to, to get pre-qualified. And don��t forget that the FSBO seller may be looking for a new property as well��and with that a new loan. If you work the arrangement properly, you can get loans coming from both ways.
Here are some of the best places to locate FSBO��s in your area:
* The real estate classified section of your local newspaper.
* The Want Advertiser Magazine, and other small local buy/sell classified ad magazines. To give you a sense,abercrombie polo, a similar magazine is the Auto Trader, but there are ones out there that deal specifically with items and property.
* Drive around the neighborhoods you know are hot markets.
* Ask real estate referral partners such as realtors (they look for FSBO��s too, so may have seen one),wholesale ralph lauren polo, appraisers (most FSBO��s will an appraisal report to justify a price), real estate attorneys (FSBO��s need contract work done), and others.
* Real estate section on ebay. A great resource!
* Warnock��s By Owner, an alerting service for real estate and mortgage professionals that tracks FSBO��s all over the country. You can visit their site at http: //www. wbyowner. com
* Other FSBO sites to look at: http: //www. fsbo. com, http: //www. virtualfsbo. com, http: //www. isoldmyhouse. com, http: //www. salebyownerrealty. com, http: //www. fsbonetwork. com, http: //www. fsbo. net.
The most important thing to remember when dealing with FSBO��s is to identify to the prospect that you are NOT a real estate agent. You are there to help them weed out the unqualified prospects and save them time, money, and aggravation. These are the hot- buttons that will get your foot in the door,fitch and, and a sale in your pocket.
In our next installment, we��ll look at how to best approach a FSBO prospect.
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