You might know that distressed land is sold very fast, this means you should be quick to find one and seal the deal fast before some motivated sellers do. However, it could be done only if you have access to the latest distressed property listings. 

Although, there are several reasons for a property to be classified as a distressed property. One of the reasons includes a public auction of a property, a quick sell requirement as the owner is relocating or some personal reasons like a divorce or legal settlement.

However, if you have distressed property and are finding motivated sellers then visit Realacquisitions.com now! Although, if you are the one looking for a distressed property to buy then here are a few tips which can surely help.

Popular Methods

Basically, there are many methods to find a distressed property. You can do it the hard way by checking for neglected properties or by searching those with delinquent taxes, etc. You can also get help from technology as it plays an important role in the real estate market too! You can find distressed properties on social media as well as specialized software. 

Talking about software, one such software is Realacquisitions.com. Such software automates all the processes and will also provide a detailed report after in-depth analysis. 

Here are some tips to generate a list of distressed properties:

Lookout For Neglected Land

An estate which likely appears to be neglected is a distressed property. Owners that cannot afford the property or no longer wish to maintain it is called neglected property. Fortunately, such homes can be available for sale for you. 

Properties with Delinquent Taxes

Properties with delinquent taxes are likely to be a distressed property because taxes are public record. Such properties might be on sale due to delinquent taxes. 

Probate Real Estate

Probate real estate can also be on the list of distressed properties because they have a high probability of being for sale. The reason behind this could be a divorce or death in the family. 

Drive Around your Neighborhood

Sometimes, you don’t need a software to find a distressed property, you can just drive around your neighborhood and you can one. Although, the best way to do that is to find a neighborhood strategically and keep a lookout for properties that appear to be in a state of neglect. In order to recognize such properties, a pile of junk mails or newspapers would be lying out. 

Search Online

There are many sources on the internet from where you can get all the information regarding distressed properties. 

Networking

Keep in touch with a bunch of people with good networking or someone with relevant information. This may include brokers, lenders, and real estate agents. 

Software

You can also get help from specialized software to generate a list of distressed properties. Such software is very efficient in finding properties fast. It is very useful to use such software as it integrates all aspects of real estate management like CRM, property listing, etc. 

Further, the software also has the ability to perform analysis and generate reports of relevant properties. The software also offers an insight into the state of the market. You can also take advantage of its automated features for this purpose. Also scanning popular social media sites and managing communication and contacts becomes much simpler as well.

Wrapping Up

So, the tips that are mentioned in the above article will surely help you to find a list of all the distressed properties in your area. As mentioned above, you can get help from Real Acquisition which is the #1 software for getting distressed real estate leads.