Handyman special homes for sale are among the hottest properties in the market today. Real estate investors are always on the lookout for such properties, primarily because handyman specials offer big potentials for hefty profit margins. Also known as fixer upper homes, handyman special homes are selling for bargain prices today due to the economic meltdown.
Their low prices make them a top target for investors, especially those who are new to the business. So if you’re one of the thousands of Americans who are trying their luck in real estate investing today, listed below are the top places to find handyman special homes for sale.
- Foreclosure auctions
A foreclosure auction is the perfect place to find handyman specials. Properties sold at foreclosure auctions sell way below their original market values, that’s why these sales are attracting lots of real estate investors.
- Multiple Listing Service
You can also find tons of fixer upper homes in your local Multiple Listing Service. The MLS is a database of for sale properties in a given locality. It is a goldmine for investors like you as you can basically find undervalued properties without leaving your house. However, only real estate agents and other professional affiliates can access the MLS. This does not mean that you, as an investor, can’t access the MLS. You just have to do it indirectly, like requesting the information from a broker.
- Your Market Area
One of the simplest, yet most effective ways to find handyman special homes for sale is to drive around your market area. Believe it or not, many investors find great deals by simply driving around their market areas. Some home sellers still prefer the old-fashioned way of putting a “For Sale” sign in their front yards while other investors take the bold approach of knocking door to door and asking homeowners if they’re willing to sell their property. This may sound like a tough and tedious task but many investors find great deals through this practice.
- The Internet
The Internet is arguably the best place to find handyman specialstoday. There are numerous sites that offer home owners and sellers the opportunity to search and post properties for sale for free. Among the most popular sites is www.RehabList.com, which boasts of the largest collection of undervalued properties across the country.