The most effective real estate strategy rock bottom blueprint will be useless if you have no idea how to find the best real estate deals. In order to find the best place to get real estate deals, you need to spend a significant amount of your time searching for motivated sellers before a real estate agent does. Of course, you can always work with a real estate agent and help each other out when it comes to deals that that are already for sale with various listing services.
In order to find motivated sellers, it is important to find deals where there is little competition. If possible, you need to negotiate with your client in person, as this will give you better chances of getting better terms. However, this route will require time and money. Additionally, this is not a great way to go if you are not a good negotiator. Finding motivated sellers means you need to instigate a face to face meeting and if you cannot talk your way into a better deal, it is best to leave the talking to the expert.
If such is the case, you need a great real estate agent who can search for deals from sellers. The great thing about having an agent is that he or she can take care of the minute details of searching for offers, knowing the kind of people to look for and getting the best prices. Essentially, they can find and negotiate the deals for you. There is a better chance of getting excellent offers if you rely on a real estate agent.
However, when you have an agent, it limits creative offers that you might have in mind. Basically, you will be negotiating through two agents, the one that represents you and the one that represents the seller.
There are too many middle persons to create better terms. Another disadvantage of having an agent handle your business is that there is higher competition for excellent deals and most often, your agent will go for the highly competitive deals. This means, you will have to elbow your way into any offers that will come your way, which is the harder route to take than to simply look for low-competitive offers available on the market today.
Whatever decision you come up with, it is important to have your own exit strategy, in case things did not work out the way you plan. Remember, real estate has its own surprises and you have to make sure you got all your bases covered.