The best deals and contracts in real estate start with finding deals. In real estate investing, one way to search for deals is through the MLS or the Multiple Listing Service. It is one of the biggest markets to search for deals. The Multiple Listing Service is a database compiled and maintained by collaborating real estate professionals about properties offered for sale. Certainly, MLS and the strategies for using it are helpful to wholesalers, house flippers, buy-and-hold agents, and real estate investors.
Given the tasks of deal-finding as crucial in real estate investing, you may be wondering how you can maximize avenues to look for deals. If you’re at home, is there a way to optimize your deal-finding and get a more significant number of leads? At Real Estate IQ, we want to make this possible for you. Here are the quick steps on how you can find great MLS deals while at home:
1. Know what you are looking for
As a real estate investor, targeting your goal is important to sort out the details you need. In business, there are various characteristics you need to look for in finding a deal. Some of these characteristics are subject properties priced under market value, discounted homes, and valuation properties. Having certainties in the standards and characteristics of the property you are looking for will help you find the ideal deals with good investment potential.
2. Do a property valuation
Property valuation is the process of ascertaining the economic value of the subject property. In valuing a property, you must determine its current fair market value (FMV), its condition, the repairs needed, and the estimated price on how much a buyer is able and ready to purchase it. In getting leads, property valuation plays an important role in determining whether the subject property is valuable for investment. If you want to know more about property valuation, you may read our blog, 3 Must-Ask Questions About Property Valuation.
3. Utilize automation technology
Automation technology makes deal-finding possible in a faster and more efficient way. By utilizing the available automation technology, finding deals can be done even if you are just home. At Real Estate IQ, we offer automation tools that can make your deal-finding a more manageable task! The Deal Finding Suite has a fast CMA where the computer system can run comps for you! It also comes in package tools of Off-Market leads, MLS Deal Finder, County Data Finder, Repair Estimator, and Deal analyzer. Learn more about our investment tools here.
Your home can be a better workplace if you can maximize your efficiency and productivity in accomplishing your tasks. By leveraging the proper automation tools, you can find great deals! Even if you are in the comforts of your own house, you can definitely make deal-finding a more efficient and an easier task.
Interested to learn more about real estate investing? Feel free to read more blogs here.
Becky Kromminga is Real Estate IQ’s Director of Growth for Houston Operations. Becky loves to apply her skills as a former Math Teacher and Educational Researcher to Real Estate Investing. She has notable experiences with different real estate investing strategies such as buy and hold, wholesaling, flipping and subject-to properties. She is a graduate of MA Mathematics and is actively involved in the administration processes of Real Estate IQ.
Disclaimer: The blog articles are intended for educational and informational purposes only. Nothing in the content is intended as legal or financial advice.