Expired Listings on MLS

Of course the obvious is tho get a real estate agent to print out an expired listing report for you, based on how far back you want to go, and what zip codes or other location parameters you want to supply. That should give you the owners name and contact number. I used to used the expired report for trying to re-list the properties, but I can see that such a list would be helpful for trying to ocntact sellers who are motivated for whatever reason, foreclosure, etc. Thanks, Mike

Edited: 06/26/2010 at 04:25AM

V Simmons

Real Estate Investor · Lawrenceville, GA

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Dec 26 '07, 03:21 AM

Now that you have said it, it is kind of obvious to contact a real estate agent. Thanks for the tip.

Edited: 06/26/2010 at 04:25AM

Kevin Oliver

Real Estate Investor · Bakersfield, California

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Jan 13 '08, 09:23 PM

ditto to what Mike said... I call this fishing the MLS. I found some of my best deals in the expired listings report. Good luck.

Edited: 06/26/2010 at 04:31AM

Jared Christiansen

Real Estate Investor · Fort Wayne, IN

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Jan 14 '08, 04:38 AM

I can only imagine how many people are trying this method. What are you going to do that is going to stand out amongst the competition?

Edited: 06/26/2010 at 04:31AM

Account Closed

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Jan 14 '08, 09:03 PM

Thanks,
One interesting thing I am finding is the problem of identifying the right agent. If the agent is very investor savvy, he is not as plugged in to the normal day to day real estate sales and comps perhaps. but if you deal with an agent who is listing and selling, mainstream, and knows alot about comps in an area, then they may not be investor savvy - by that I mean they expect deals to come together only through conventional means, rather than investors coming with low offers, creative financing, etc.

Edited: 06/26/2010 at 04:31AM

Ryan Webber

Wholesaler · Amarillo, Texas

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Jan 15 '08, 08:18 PM

That is an excellent observation, Mike, and that is extremely true. You are only going to get one or the other from an agent.

Bluestar, my experience is that many people TALK about doing many things, but very very few are consistent and persistent in DOING them. The few that are will get consistent results from doing the same methods as everyone else talks about and even do sporadically.

Edited: 06/26/2010 at 04:31AM

I K

Real Estate Investor · CA

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Jan 24 '08, 12:04 AM

I am getting all expired listings automatically on my email, as soon as MLS provider marks these properties " expired" . Talk to your RE Agent and he'll set it up for you.

Edited: 06/26/2010 at 04:35AM

Eric Foster

Real Estate Investor · Portland, Oregon

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Jan 24 '08, 01:38 AM

Good tip ROI...

Edited: 06/26/2010 at 04:35AM

Robert Mack

Real Estate Investor · Bergen County, New Jersey

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Apr 03 '08, 11:04 PM

ROI,

How does the agent get comensated for this? What motivation does the agent have in sending you expired listings if you are trying to wholesale them...?

Edited: 06/26/2010 at 04:59AM

Account Closed

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Apr 12 '08, 07:04 AM

Good point Robmack,

I have always felt weird about trying to get free information from agents, having been one myself at one point in my past. I don't want to screw them. However, if you can find one who will start a relationship with you the investor, they may be willing to accept working for " free" in the interim, while you obtain properties. You can at some point list some properties with them retail, and that's where they get their return.

I have thought (as a non-mls licensed broker myself) of paying the fees to have access to the mls system myself, so as to avoid the dealing with the agents at all. What does anyone else thing about this? Mike

Edited: 06/26/2010 at 05:02AM

Jonathan Howie

Real Estate Investor · Lakewood, CO

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Apr 13 '08, 10:38 AM

I like this thread.

It kind of always feels like we have to " convince" the right agents of what we are doing and our methodology. Like it's this big game that we have to play to get the magical MLS info. Now, I for one would LOVE to find a way to make it a win win for an agent who is willing to just work the MLS for us. If they are investor savvy, then I would think they could see the upside. I too have an immense respect for everyone's time and effort, but at the same time, I think that collaboration will pay off.

I am going to keep pursuing finding the " right" agents.

Edited: 06/26/2010 at 05:02AM