Have you ever wondered how to get the best deals on Fort Myers investment real estate? You hear about them all the time, but how do people actually find them? Don’t fret! We are here to help you! Learn more in our latest post!
While stories abound of individuals discovering incredible real estate deals, the key is understanding how they do it. There are several avenues to find affordably priced homes with significant value, but caution is advised. Some properties that seem too good to be true may lead to unforeseen costs. Continue reading to explore strategies for uncovering the best deals on investment real estate in Fort Myers that can enhance your portfolio.
Steer Clear of The MLS
The MLS is where most buyers go to look for houses. Typically they are looking for houses they are planning on living in themselves. They are priced at retail value and often times as high as the market will allow. If a hot deal does hit the MLS, it is usually scooped up right away by another investor or buyer. The low-priced, high-value properties don’t stay on the market for long. You can set up alerts to let you know when these properties hit the market, but overall, when you are looking for a deal, this isn’t usually the place to find it. Of course, there is always the exception, but for the most part, the best deals will be found off the MLS.
Scouting Properties On Your Own
To find properties on your own, it is important to have a solid real state background and in-depth market knowledge. You need to know what separates a good deal from a bad one and the red flags you need to watch out for. You will need to develop relationships with other investors and learn how to find the best off-market deals. Another strategy would be to simply drive the areas you are interested in and make note of properties that look appealing but that aren’t being properly looked after. This is often a sign you have found a property with a motivated seller. You should be able to find ownership information via your county’s property appraiser website. You can reach out to homeowners directly, but always be polite about it. Some homeowners will see this as an invasion of privacy, and will not appreciate your aggressive approach. You could also choose to do a blanket mailing to homeowners within a specific area. Send postcards to homeowners in the neighborhoods you are interested in, and see if you get any bites. You will have some costs up front, but they will pay for themselves if you find a good deal.
Working With A Professional
Collaborating with professionals like Core Real Estate Solutions can significantly aid you in securing the deals you’re seeking, especially if you’re new to the real estate investment arena. Our expertise lies in identifying top-tier homes at competitive prices, allowing us to pass on substantial savings to our buyers. With a dynamic inventory that constantly evolves, we offer a diverse range of properties at any given time. We handle the extensive research and legwork, sparing you the effort. Spending considerable time tracking market trends and researching properties, we cater to both investors and direct buyers, delivering some of the finest real estate deals in the Fort Myers area.