WHere do you Find properties before they hit the market?

Question

Where do you Find properites that are for sale before they hit the market ? ( before the public see it ) is there a website? got to be because these house are selling the first day listed

Answer 1

The only way to truly find a property before it hits the market is to get a hold of the seller before he lists with an agent. Once it is listed with an agent it goes to the MLS and all Realtors and their clients iwll get access to it. There is a period of time in-between where the listing agent knows about it and it hasn't hit the market yet. At this point the agent can use his contacts to let them know there is a property hitting the market.

For example, I work with my real estate agent and he knows that I buy houses as investment properties. He knows that I have cash available to buy properties and that if he brings me a good deal I will jump on it and close quickly. If he were to get a call from either:
1 - a colleague that has a property coming up that is hot or
2 - a private citizen who needs to get out of their house fast, he will give me a call because he knows I can make a deal happen.

If you are truly looking for properties "before they hit the market" you need to do your own legwork. Follow foreclosure listings. They usually appear in the newspaper for your area. Drive around neighborhoods and check out properties. If you see one that is distressed talk to the neighbors about it. See if the people are having financial or other types of problems.

In either instance, you will need money available for a quick close. In many of these instances quick close does not mean you go get bank financing after you find a property. Quick close means you can see the property and close on it in a couple weeks.

Plan for the 100-10-1 rule. Check out 100 properties. Make an offer on 10 of them and you will end up closing on 1. There's a lot of work that goes into real estate investing for those that do it right.

Answer 2

They "hit" the market when the owner decides to sell and signs with the agent .
You could go with a fortune teller ,
Otherwise , "first day listed " sales ( and on WHAT planet is that happening ? Normal is 9 months on the market now !)
Anyways , any 1st days , are the Serious buyers who check the listings each day and go see them Then .
Or , are working with a Realtor who tells them as soon as he/she has a seller .

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Answer 3

my crystal ball will show you....for $29.95, you pay first though.