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Updated about 6 years ago on . Most recent reply

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Rex Celle
  • Rental Property Investor
  • New Jersey
83
Votes |
109
Posts

Where are the Off Market deals in NJ

Rex Celle
  • Rental Property Investor
  • New Jersey
Posted

Looking for RE deals before they come on the market — RE investors locked up contracts on 3 properties I was about to put and offers on this week, RE agent didn’t even see them coming... any thoughts on how to remain FIRST in line?

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May Emery
  • Specialist
220
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494
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May Emery
  • Specialist
Replied

@Rex Celle Mail is about the best way to find off-market seller leads. However, you should consider mailing to people who aren’t in every other investor’s sites. Absentee Owners have been popular for a long time, and are apparently still somewhat effective (people are still mailing to them) but they are getting multiple offers to buy their home. It's hard to stand out.

There are some owner-occupied segments with people who share motivating factors for selling their home.

Seniors with Long-time Ownership: often ready to downsize or transition to assistance.

Homeowners with Low Financial Stability Scores (FSS): Struggling financially and likely ready to cash in on their asset.

Both these categories have additional advantages in that they probably don’t haven’t been updated and may have deferred maintenance. They won’t be expecting the same money as their neighbors with the shiny new kitchen and fresh paint. 

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