There’s a lot of competition to find great deals on local Gastonia NC foreclosure properties.
Finding them is only one part of the process – you also need to know how to capture them.
Here are a few secrets from the pros that we’ve used with great success on how to find great foreclosure deals in Gastonia.
1. Comb through the same listings everyone uses.
There’s a lot of ways to access local foreclosure data in Gastonia and your surrounding area – and foreclosure.com does a relatively good job of combing through default notices, bankruptcies, tax sales and distressed asset lists. The main drawback with online resources like that is there tends to be a lag time in the time they get the info online… so the data can be a bit old sometimes.
2. Search the lesser-known publications sometimes used by smaller lenders.
Most of the publications in Gastonia are indexed and captured online, but from time to time, a lender only publishes erroneously on a smaller print run if they believe the product meets the legal requirements. These notices are the default notices that lenders are legally required to publish in a public file. These are one of the first places where you can request information about a seizure.
3. Establish great working relationships with at least one broker.
When you’re starting out as an investor in Gastonia NC, you’d better not burn any bridges – especially with the power real estate brokers in this town.
The best (and this is a very limited list) works with dozens of investors and they know exactly who is looking to buy what property: they will call those who, to their knowledge, will conclude the deal without problems. Once you have left the short list of people receiving the calls, you probably will not be able to return. There are too many credible investors looking for interesting offers so that they can be bothered to deal with the mistakes of the newbies. Interview some and make sure you leave all your belongings to one person.
Explain clearly what this broker must do to earn and maintain his business, play fair and never compromise his integrity. If you have to dismiss this broker, do it with grace and it will be a learning experience for all. But never convert a professional on a whim. Be incredibly loyal and it will come back to you in countless ways over the years.
4. Find people before their properties are in foreclosure and help them before a default notice gets published.
This is probably the most difficult and slow method, but it is one of the only ways to avoid the competition of many speculators who run into any published seizure, such as vultures, who return. to the life. Speaking of which, you do not win in this business by treating people as roadkills. Remember that your reputation is paramount and acts with integrity.
People who face seizures find themselves in very difficult circumstances and need help, not predatory behavior. When we are able to help people negotiate short sales, lease options and other complex transactions, everyone wins, and nobody loses. By acting with integrity, we obtain extraordinary references and special offers that have never been sold in the open market. People remember what we did for them and when their friends and family need similar help, they send it to us.
5. Find niche specialists like our firm who know how to find foreclosures in Gastonia for you.
We’re not real estate brokers, so we don’t sell information or give away crummy lists.
The properties we advertise are our own investments, so it’s a short but exclusive list.
We’re focused on building a small, tight network of long-term investors who want to purchase credible real estate investments in Gastonia. We find deep discounts and pass them along – while keeping a reasonable return that allows us to stay in business.
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