From the video:
In this video, Felicia shares 5 sources you can use to find off-market land for sale in Apache County Arizona.
Every day thousands of buyers turn to the MLS to find their new homes. However, they are missing out on an untapped market of properties that evade most, known as off-market properties which cannot be found on the MLS.
Nevertheless, there are many reasons sellers select this option, about 10 percent of annual home sales are off-market listings. Savvy real estate investors have the know-how to seek out these hidden treasures.
The lower number of competitors is one reason these properties are so desirable as investments because it helps keep the numbers in a reasonable zone. With the goal of the best possible return on your investment, a better purchase price is a great way to get started.
When experiencing a seller’s market, these off-market properties are even more desirable. Bidding wars can push final sales numbers far beyond the current market value and the original listing price. As an investor, this is not a win-win scenario.
As I sit here and write this, we are in a big seller’s market! Things are on fire across the country! According to Realtor.com‘s 2022 predictions – there are no signs of slowing down.
You can see in the chart below that expected home sales are estimated to go up by 6.6%, and the expected inventory is expected to go up by 0.3%. I know that this data is for homes, and not land. But you need to consider where all those new builds will go – on land.
I expect land sales to follow the same trends as home sales here.
Give the forecasts and the current state of the market – off-market properties are an option you need to consider.
Read on as we explore five ways that you too can find off-market properties in Apache County.
1. Real Estate Agents
One of the ways to locate off-market properties in Apache County is to contact top local real estate agents.
Commonly, agents refer to these properties as pocket listings because they keep them a secret from most buyers.
However, one of the drawbacks of working with these agents is the very source of their pocket listings. Among their network here in Apache County are the sellers who bring them private deals and a ready and waiting stream of investors seeking these very properties.
Therefore, along with paying the real estate commission, you may need to invest a great deal of time to prove yourself a serious investor and move up on the list of must-calls when these agents get a new off-market property.
The National Association of Realtors® recently released a policy, known as “MLS Statement 8.0”. MLS Statement 8.0 states that:
Within one (1) business day of marketing a property to the public, the listing broker must submit the listing to the MLS for cooperation with other MLS participants.
The National Association of Realtors® isn’t the law, but they are a powerful governing body. They’re trying to clamp down on pocket listings, but it’s not a 100% coverage solution.
You can gain the same inside scoop without paying those high commissions by working with a direct buyer, like the professional investors at Compass Land USA. There is no time wasted when working with direct buyers ready to help investors like you right now!
At Compass Land USA don’t subscribe to that priority list – we treat everyone as a priority. If you want to get on our list, you can sign up on our website for free and once a week you’ll receive a complete list of everything in our inventory and what’s close to coming into our inventory. No pockets! 😉
2. Driving For Dollars
Very much like it sounds, driving areas that you have an interest in investing in and looking for potential investments is another way to locate off-market properties in Apache County.
Experienced investors know the signs to look for to assess properties that may be worth further investigation quickly. Initiating negotiations with these land owners takes finesse. Often, these are properties that are found in advanced stages of disrepair or neglect, and normally owing taxes and having a lot of debts.
Driven by financial or personal circumstances which have made maintaining the property either unaffordable or impossible to perform physically.
Professional investors like the direct buyers have the negotiating skills necessary to work with all personality types from years of experience approaching people facing difficulties.
While you pay a fee for their service, finding a reputable wholesaler is another way that you can find off-market properties in Apache County.
Wholesalers do the legwork necessary to find these properties and act as a go-between for sellers, holding the contracts, which would then be assigned to you as the investor.
You should be aware that you have much less control of the deal when you work with a wholesaler, however, many of the terms are already in the contract, and you usually must provide a non-refundable deposit. These parameters make it difficult to work with lenders when you buy off-market properties through a wholesaler.
Building a list of good contacts in the real estate industry is done through networking and this is a great way to find off-market properties in Apache County. Often, you can find gatherings of professionals from every walk of the real estate industry at meetings where you can begin to build mutually beneficial relationships that lead to growth in all areas of your respective businesses.
You can attend real estate conferences and local events to expand your network. Or if you don’t want to leave home, you can join various Facebook groups in your area. Take to Twitter, you can try engaging with people there as well.
Where you lack expertise and strength, others can provide insight and vice versa. One of the downsides of networking is the time and dedication required to create, build and maintain these working relationships. Networking takes a lot of time.
5. Compass Land USA
Save commissions and time! Working with the pros at Compass Land USA is the best way to find off-market properties in Apache County. The direct buyers at Compass Land USA can help you locate these highly sought-after properties, with a wide variety of contacts from every walk of the real estate industry built through working together for a common goal. We’ve dedicated ourselves to helping people like you make wise real estate investments.
At Compass Land USA, we share our complete list of properties every single week. And that includes the off-market and coming soon lots.
You can sign up on our website or Contact Compass Land USA us today at (313) 349-0434.
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